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  1. Home
  2. PMI Certification
  3. CAPM Exam
  4. PMI.CAPM.v2024-04-10.q314 Dumps
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Question 191

What are the four management processes included in the Project Cost Management (PCM) method?

Correct Answer: C
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Question 192

As part of a mid-project evaluation, the project sponsor has asked for a forecast of the total project cost. What should be used to calculate the forecast?

Correct Answer: B
Section: Volume C
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Question 193

A project team is discussing an upcoming planned product launch of a highly visible technologically advanced artificial intelligence tool. The team is debating the aspect of iterative and hybrid approaches. Which aspect of tailoring would this best represent?

Correct Answer: B
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Question 194

Which schedule development technique modifies the project schedule to account for limited resources?

Correct Answer: C
Section: Volume E
Explanation:
6.6.2.3 Critical Chain Method
The critical chain method (CCM) is a schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. It is developed from the critical path method approach and considers the effects of resource allocation, resource optimization, resource leveling, and activity duration uncertainty on the critical path determined using the critical path method. To do so, the critical chain method introduces the concept of buffers and buffer management. The critical chain method uses activities with durations that do not include safety margins, logical relationships, and resource availability with statistically determined buffers composed of the aggregated safety margins of activities at specified points on the project schedule path to account for limited resources and project uncertainties. The resource-constrained critical path is known as the critical chain.
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Question 195

Which type of estimating can produce higher levels of accuracy, depending upon the sophistication and underlying data built into the model?

Correct Answer: A
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