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CAPM
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certifications
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capm
Instructions:
Answer 50 questions in 15 minutes.
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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. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.
Work Results
External Dependencies
Matrix Organization
Estimate at Completion (EAC)
2. 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.
Similarities between Operations and Projects
Control Schedule
Group Creativity Techniques
Report Performance
3. 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.
Qualified seller lists
Work Authorization System
Design of Experiments (DOE)
Resource Calendar
4. The policies - guidelines - or procedures that govern the recruitment of staff.
Recruitment Practices
Prioritized list of quantified risks
Precedence Relationships
Project Cost Management
5. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project
External Dependencies
Develop Human Resource Plan
Human Resource Practices
Procurement negotiations
6. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying
Project Charter
Prioritized list of quantified risks
Flowcharts
Critical Path Method
7. 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
Performance Reviews
Project Risk Management
Project Quality Management
Contract
8. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Triggers
Procurement Statements of Work (SOW)
Corrective Action
Project Records
9. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Conditional Diagramming Methods
Inspection
Work Authorization System
Checklists
10. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Estimate Activity Resources
Project Quality Management
Acceptance
Critical Path Method
11. 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.
Scope Statement
Sequence Activities
Project Procurement Management
Scope Changes
12. Any modification to the contents of the project plan or the supporting details.
Project Plan Updates
Quality Audit
Control Schedule
Project Management Information Systems (PMIS)
13. 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
Project Charter
Regulation
Contingency - Buffer - Reserve
Critical Path Methodology (CPM)
14. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Independent estimates
Checklists
Close procurements
Crashing
15. 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
Constraints
Time and Material (T&M) Contracts
Risk Categories
Plan Risk Responses
16. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Formal acceptance and closure
Procurement negotiations
Estimate to Complete (ETC)
Statistical Sampling
17. Used to rate or score seller proposals
Source Selection Criteria
Project Plan
Procurement negotiations
Bidder Conferences
18. 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
Identify Stakeholders
Critical Path Method
Brainstorming
19. 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
Sub Network / Fragment Network
Fast Tracking
Responsibility Assignment Matrix (RAM)
Schedule Compression
20. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Assumptions Analysis
Develop Schedule
Risk Management Plan
Risk Register
21. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Crashing
Activity List
Quantitatively based durations
System or Process
22. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Earned Value Analysis
Organization Chart
Status Review Meetings
Bottom-up Estimating
23. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o
Interviews
Analogous Estimating / Top-down
Close procurements
Estimate to Complete (ETC)
24. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.
Corrective Action
Analogous Estimating / Top-down
Subproject
Distribute Information
25. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Conduct Procurements
Facilitated Workshops
Project Risk Management
Constraints
26. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o
Project Files
Risk Audits
Process Adjustments
Benchmarking
27. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.
Risk Audits
Project Plan Updates
Templates
Scope Changes
28. 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
Cost Performance Baseline
Project Closeout
Procurement resources
Contract
29. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews
Phase Exits/ Stage Gates/ Kill Points
Scope baseline
Communications management plan
Rework
30. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Parametric Estimating
Resource Leveling
Formal acceptance and closure
Stakeholder register
31. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Stakeholder Analysis
Risk Database
Contract
Documentation Reviews
32. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Risk Management Plan
External Feedback
Determine Budget
Team Building Activities
33. An applicable restriction that will affect the performance of the project/process.
Constraints
Distribute Information
Avoidance
Product Analysis
34. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.
System or Process
Make-or-buy analysis
Life Cycle Costing
Project Quality Management
35. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Estimate Activity Resources
Design of Experiments (DOE)
Project Human Resource Management
Project Files
36. 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
Workaround plans
Risk Database
Performance Reports
Lag
37. 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.
Quality Policy
Initiation
Project Scope Management
Sequence Activities
38. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Risk Audits
Project Management
Resource Pool Descriptions
Procurement Management Plan
39. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform
Phase Exits/ Stage Gates/ Kill Points
Analogous Estimating (top-down)
Corrective Action
Conditional Diagramming Methods
40. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be
Stakeholder Analysis
Corrective Action
Total Float
Plan Communications
41. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Technical performance measurement
Contract Change Control System
Plan Procurements
Grade
42. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Root Cause Analysis
Decision Tree
Focus groups
Facilitated Workshops
43. 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.
Prevention vs. Inspections
Performance Reviews
Re-baselining
Focus groups
44. Approved modifications to the project schedule that are used to manage the project
Status Review Meetings
Organization Breakdown Structure
Control Scope
Schedule updates
45. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Requirements Traceability Matrix
Estimate Activity Durations
Project Quality Management
Performance Reviews
46. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Project Cost Management
Free Float
Probability and impact matrix
47. A requirement imposed by a governmental body and its compliance is mandatory.
Procurement resources
Cost-reimbursable contracts
Design of Experiments (DOE)
Regulation
48. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Prevention vs. Inspections
Acquire Project Team
Life Cycle Costing
Technical performance measurement
49. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Projectized Organization
Project Quality Management
Bottom-up Estimating
Probabilistic Analysis of the project
50. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Procurement audits
Risk management policies
Residual Risks
Estimate Costs
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