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  1. Home
  2. PMI Certification
  3. CAPM Exam
  4. PMI.CAPM.v2022-04-08.q645 Dumps
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Question 631

Which process involves developing an approximation of the monetary resources needed to complete project activities?

Correct Answer: A
Section: Volume A
Explanation:
Process: 7.2 Estimate Costs
Definition: The process of developing an approximation of the monetary resources needed to complete project activities.
Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.
Inputs
1. Cost management plan
2. Human resource management plan
3. Scope baseline
4. Project schedule
5. Risk register
6. Enterprise environmental factors
7. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Bottom-up estimating
5. Three-point estimating
6. Reserve analysis
7. Cost of quality
8. Project management software
9. Vendor bid analysis
10.Group decision-making techniques
Outputs
1. Activity cost estimates
2. Basis of estimates
3. Project documents updates
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Question 632

Which estimating technique uses the actual costs of previous similar projects as a basis for estimating the costs of the current project?

Correct Answer: A
Section: Volume C
Explanation/Reference:
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Question 633

A project manager needs to demonstrate that the project meets quality standards and success criteria. For that reason, the project manager is defining the quality objectives of the project, the quality tools that will be used, and quality metrics for the project deliverables.
Which process is the project manager executing?

Correct Answer: B
Explanation/Reference:
Reference: https://www.projectmanager.com/blog/project-quality-management-quick-guide
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Question 634

The Process Group that involves coordinating people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan is known as:

Correct Answer: C
Section: Volume E
Explanation
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Question 635

Which conflict resolution technique is based on bringing some degree of satisfaction to all parties?

Correct Answer: B
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