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  1. Home
  2. PMI Certification
  3. CAPM Exam
  4. PMI.CAPM.v2022-10-10.q958 Dumps
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Question 711

An associate who calculates fees daily to support the department is doing which of the following?

Correct Answer: A
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Question 712

The following is a network diagram for a project.

What is the critical path for the project?

Correct Answer: D
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Question 713

Which of the following tools or techniques is used for Estimate Activity Durations?

Correct Answer: A
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Question 714

Which tool or technique is used in the Estimate Costs process?

Correct Answer: C
Explanation/Reference:
Explanation:
7.2.2.9 Vendor Bid Analysis
Cost estimating methods may include analysis of what the project should cost, based on the responsive bids from qualified vendors. When projects are awarded to a vendor under competitive processes, additional cost estimating work may be required of the project team to examine the price of individual deliverables and to derive a cost that supports the final total project cost.
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 715

A project is in the planning phase. The project manager is considering different elements that may influence or constrain the project.
Which of the following internal enterprise environmental factors should the project manager consider?

Correct Answer: D
Section: Volume E
Explanation/Reference:
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