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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 251

What are the formal and informal policies, procedures, and guidelines that could impact how the project's scope is managed?

Correct Answer: D
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Question 252

Where are product requirements and characteristics documented?

Correct Answer: A
Section: Volume E
Explanation:
Product scope description. The product scope description documents the characteristics of the product, service, or results that the project will be undertaken to create. The description should also document the relationship between the products, services, or results being created and the business need that the project will address.
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Question 253

What is the order of the stages of project team development?

Correct Answer: A
Section: Volume E
Explanation/Reference: https://project-management.com/the-five-stages-of-project-team-development/
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Question 254

Which type of contract gives both the seller and the buyer flexibility to deviate from performance with financial incentives?

Correct Answer: B
Explanation/Reference:
Explanation:
Fixed Price Incentive Fee Contracts (FPIF). This fixed-price arrangement gives the buyer and seller some flexibility in that it allows for deviation from performance, with financial incentives tied to achieving agreed upon metrics. Typically such financial incentives are related to cost, schedule, or technical performance of the seller. Performance targets are established at the outset, and the final contract price is determined after completion of all work based on the seller's performance. Under FPIF contracts, a price ceiling is set, and all costs above the price ceiling are the responsibility of the seller, who is obligated to complete the work.
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Question 255

Which of the following is the primary output of the Identify Risks process?

Correct Answer: A
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