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Test your basic knowledge |
CAPM
Start Test
Study First
Subjects
:
certifications
,
capm
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Human Resource Practices
Project Cost Management
Change Requests
Proposals
2. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.
Work Results
Perform Quantitative Risk Analysis
Work Authorization System
Contingency - Buffer - Reserve
3. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.
Project Planning Methodology
Scope Change Control System
Root Cause Analysis
Monitor and Control Risks
4. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Earned Value Analysis
Organization Chart
Tolerances vs. Control limits
Assumptions
5. A documented list of project team members - their project roles - and communication information.
Schedule Baseline
Project Scope
Triggers
Project Team Directory
6. Special category of revised cost estimates to an approved cost baseline.
Expert Judgment
Similarities between Operations and Projects
Total Float
Prevention vs. Inspections
7. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This
Quantitatively based durations
Checklists
Product Scope
Precedence Relationships
8. A requirement imposed by a governmental body and its compliance is mandatory.
Perform Quality Control
Life Cycle Costing
Regulation
Staffing Requirements
9. Processes and procedures developed for the closing or canceling of projects.
Inspection
Prevention vs. Inspections
Technical performance measurement
Contingency - Buffer - Reserve
10. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.
Source Selection Criteria
Flowcharts
Project Procurement Management
Perform Quality Control
11. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Acquire Project Team
Product description
Direct costs
Project Selection Methods
12. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Project Life Cycle
Templates
System or Process
Plan Quality
13. Broader view of Project Cost Management - whereby other than project costs - we consider the effect of project decisions on the cost of using the project's product.
Program Evaluation and Review Technique (PERT)
Quality
Prevention vs. Inspections
Probabilistic Analysis of the project
14. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec
Project Risk Management
Determine Budget
Procurement Statements of Work (SOW)
Perform Qualitative Risk Analysis
15. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.
Lag
Program
Sequence Activities
Time and Material (T&M) Contracts
16. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define
Inspection
Time and Material (T&M) Contracts
Project Quality Management
Formal acceptance and closure
17. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Status Review Meetings
Project Files
Proposal
Cost Performance Baseline
18. Changing the project management plan to eliminate the threat entirely.
Avoidance
Contract
Risk Database
Define Activities
19. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson
Communications management plan
Estimate to Complete (ETC)
Risk Database
Team Development
20. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Status Review Meetings
Proposal
Risk
Define Scope
21. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Simulation
Quality Audit
Project Management
Project Time Management
22. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.
Collocation
Indirect costs / Overhead costs
Project Stakeholders
Quality Management Plan
23. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Risk Register
Prototypes
Forecasting
Quality Audit
24. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.
Triggers
Cost Management Plan
Quantitatively based durations
Risk Consequences
25. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si
Matrix Organization
Fast Tracking
Procurement Documents
Constraints
26. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.
Perform Quality Control
Group Decision Making Techniques
Sub Network / Fragment Network
Rework
27. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.
Project Management
Project Risk Management
Project Cost Management
Initiation
28. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.
Risk probability
Group Creativity Techniques
Prioritized list of quantified risks
Product description
29. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.
Project Plan
Product description
Assumptions Analysis
Benchmarking
30. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned
Data Precision Ranking
Flowcharts
Performance Reviews
Lessons Learned
31. Process of developing a detailed description of the project and product
Define Scope
Plan Procurements
Product description
Project Plan
32. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc
Risk Management Plan
Project Planning Methodology
Critical Path Methodology (CPM)
Flowcharts
33. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the
Project Stakeholders
Code of Accounts
Control Account
Brainstorming
34. Subdivision of project deliverables into smaller - more manageable components
Project Risk Management
Constraints
Conduct Procurements
Decomposition
35. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope
Scope Management Plan
Team Building Activities
Control Costs
Stakeholder Analysis
36. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities
Pareto Diagram/ Chart
Project Procurement Management
Quality Metrics
Procurement resources
37. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Organization Breakdown Structure
Project Management Information Systems (PMIS)
Control Account
Cost Performance Baseline
38. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg
Determine Budget
Procurement audits
Checklists
Performance Reviews
39. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu
To-Complete Performance Index (TCPI)
Manage Stakeholder
Project Communications Management
Root Cause Analysis
40. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con
Earned Value Analysis
Project Portfolio Management
Work Breakdown Structure (WBS)
Prioritized list of quantified risks
41. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Crashing
Requirements Traceability Matrix
Plan Quality
Work Results
42. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Training
Functional Organization
Control Schedule
Conditional Diagramming Methods
43. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Procurement performance reviews
Recruitment Practices
Project Quality Management
Acceptance
44. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r
Project Risk Management
Proposal
Project Closeout
Assumptions
45. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.
Constraints
Project Stakeholders
Prioritized list of quantified risks
Organization Chart
46. Describes how individual requirements meet the business need for the project.
Identify Risks
Acquire Project Team
Project Planning Methodology
Requirements Documentation
47. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang
Project Integration Management
Project Planning Methodology
Develop Schedule
Project Stakeholders
48. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.
Avoidance
Identify Stakeholders
Project Procurement Management
Brainstorming
49. It compares cost performance over time - schedule activities or work packages overrunning and under running the budget - and estimated funds needed to complete work in progress.
Status Review Meetings
Project Human Resource Management
Project Planning Methodology
Quality Improvement
50. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.
Re-baselining
Activity List
Contract Change Control System
Group Creativity Techniques