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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. 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
Mandatory Dependencies (or Hard Logic)
Brainstorming
Time and Material (T&M) Contracts
Identify Risks
2. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Selection Methods
Tolerances vs. Control limits
Estimate to Complete (ETC)
Avoidance
3. Documents how requirements will be analyzed - documented - and managed throughout the project
Procurement negotiations
Requirements Management Plan
Source Selection Criteria
Product description
4. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.
Work Breakdown Structure (WBS)
Rework
Graphical Evaluation and Review Technique (GERT)
Transference
5. Features or services that characterize a product - result - or service
Probability and impact matrix
Product Scope
Quality Audit
Flowcharts
6. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide
Project Plan
Root Cause Analysis
Independent estimates
Work Results
7. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Bid / quotation
Workaround plans
Quality Audit
Sequence Activities
8. 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.
Simulation
Quality Improvement
Pareto Diagram/ Chart
Fast Tracking
9. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Bottom-up Estimating
Procurement Management Plan
Performance Reports
Stakeholder register
10. Factors that - for planning purposes - will be considered true - real or certain.
Constraints
Assumptions
Mandatory Dependencies (or Hard Logic)
Attribute Sampling vs. Variables Sampling
11. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Project Files
Checklists
Quality Management Plan
Program
12. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Attribute Sampling vs. Variables Sampling
Rework
Source Selection Criteria
Procurement file
13. Factors which - for planning purposes - are considered to be true - real or certain.
Assumptions
Bidder Conferences
Workaround plans
Trend Analysis
14. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac
To-Complete Performance Index (TCPI)
Re-baselining
Responsibility Assignment Matrix (RAM)
Corrective Action
15. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Quality Assurance
Estimate Activity Resources
Collocation
Risk
16. The process of determining project stakeholders' information needs and defining a communication approach.
Collocation
Simulation
Identify Stakeholders
Plan Communications
17. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Design of Experiments (DOE)
Risk management policies
Project Stakeholders
Schedule Baseline
18. Factors that limit a buyer's options. E.g. - funds availability
Constraints
Collocation
Free Float
Scope Change Control System
19. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.
Collocation
Procurement file
Perform Quantitative Risk Analysis
Corrective Action
20. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Estimate to Complete (ETC)
Control Costs
Resource Calendar
Trend Analysis
21. Collection of generally sequential project phases.
Project Life Cycle
Precedence Relationships
Work Results
Sensitivity Analysis
22. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th
Risk Audits
Human Resource Practices
Functional Organization
Make-or-buy analysis
23. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.
Projectized Organization
Requirements Traceability Matrix
Bid / quotation
Product description
24. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Project Files
Change Control System
Process Adjustments
Analogous Estimating (top-down)
25. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative
Configuration Management System
Identify Risks
Brainstorming
Project Portfolio Management
26. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Data precision
Rework
Precedence Relationships
Procurement performance reviews
27. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo
Risk
Fixed- price contracts
Configuration Management System
Procurement resources
28. 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
Transference
Prevention vs. Inspections
Conduct Procurements
29. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Staffing Requirements
Team Building Activities
Secondary Risks
Parametric Estimating
30. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Project Management
Estimate to Complete (ETC)
Control Scope
Deliverable
31. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Contract Change Control System
Probability and impact matrix
Focus groups
Project Risk Management
32. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Resource Pool Descriptions
Cost Management Plan
Additional Risk Response Planning
Risk
33. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Plan Procurements
Facilitated Workshops
Procurement audits
34. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Residual Risks
Quality Metrics
Analogous Estimating / Top-down
Indirect costs / Overhead costs
35. 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.
Life Cycle Costing
Corrective Action
Deliverable
Program
36. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Schedule updates
Team Development
Schedule Baseline
Procurement Statements of Work (SOW)
37. The policies - guidelines - or procedures that govern the recruitment of staff.
Analogous Estimating (top-down)
Inspection
Project Schedule
Recruitment Practices
38. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking
Plan Procurements
Fast Tracking
Staffing Pool Description
Checklists
39. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Risk Consequences
Project Management
Risk Register
Fast Tracking
40. Meetings held to assess project status and/or progress.
Staffing Requirements
Performance Reviews
Scope baseline
Proposals
41. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Deliverable
Similarities between Operations and Projects
Bottom-up Estimating
Communication Requirements Analysis
42. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Quantitatively based durations
Tolerances vs. Control limits
Regulation
Project Scope
43. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Administer procurements
Total Float
Risk Categories
Change Control System
44. Risks that arise as a direct result of implementing a risk response.
Secondary Risks
Free Float
Indirect costs / Overhead costs
Project Human Resource Management
45. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co
Constraints
Work Results
Stakeholder register
Inspection
46. 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
Work Breakdown Structure (WBS)
Project Procurement Management
Matrix Organization
Close procurements
47. 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.
Project Integration Management
Group Creativity Techniques
Quality Audit
Scope baseline
48. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte
Scope Statement
Procurement audits
Crashing
Probabilistic Analysis of the project
49. A documented list of project team members - their project roles - and communication information.
Control Schedule
Product description
Project Risk Management
Project Team Directory
50. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Project Procurement Management
Conduct Procurements
Quality Audit
Distribute Information