PMI CA0-001 Exam Made Easy: Step-by-Step Preparation Guide

There is no separate process in the Project Cost Estimation knowledge area to develop a cost management plan. It is devloped in Develop Project Management Plan process.

Executive Communication may be a part of your communication process but not in project plan.

One of the most important tasks of the project manager during the Execution and Control phases of the project is the management of information. All Information should be communicated to everyone in the communication plan.

Stakeholder influence is greatest at the beginning of the project

The difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve. Management Contingency Reserve is not part of project cost baseline.

Create the WBS is the process that follows Collect Requirements and Define Scope.

A cost performance index of 1 or greater suggests that project in delivering more with less money; so doing well. Option A is BEST fit for this. CPI = EV/AC (Earned value/ Actual cost)

In the direct and manage project execution process, approved changes are implemented but monitoring of those changes is part of monitoring OR controlling project work.

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

mean = (20+30+40)/3= 30

Output of Verify Scope is formal acceptance.