PMI Certified Associate in Project Management (CAPM) Certification CA0-001 Exam Dumps: Updated Questions & Answers (October 2025)

Parametric modeling : Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square foot).

Define Scope involves subdividing the major project deliverables into smaller, more manageable components to: Improve the accuracy of cost, time and resource estimates. Define a baseline for performance measurement and control. Facilitate clear responsibility assignments.

Project will close after final deliverable. Final deliverables are defined in the closing phase.

The primary output of the project closing process is to formalize and distribute all the information pertaining to the closing of the project.

The arrow diagramming method (ADM) is also referred to as activity-on-arrow (AOA) diagramming method. Precedence diagramming method (PDM) is also referred to as activity-on-node (AON) diagramming method

The Planning phase is the phase with the least risk attached. The Execution phase of the project is when you are using your resources at their highest level .

Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total: It is more accurate. Analogous estimating: Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. Parametric estimating: Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square meter).

A project that must be completed by a deadline is dealing with time constraints. A is incorrect since the condition does not offer a schedule. B is incorrect because the condition is not an assumption. D is also incorrect because this is not a planning process.

Three common types of cost-reimbursable contracts are CPF, CPFF, and CPIF Cost-Plus-Fee (CPF), Cost-Plus-Fixed-Fee (CPFF) and Cost-Plus-Incentive-Fee (CPIF).

Market conditions will influence all factors of procurement.

Cost management plan describes how cost variances will be managed.