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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. Special category of revised cost estimates to an approved cost baseline.
Team Building Activities
Project Files
To-Complete Performance Index (TCPI)
Budget Updates
2. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Group Decision Making Techniques
Deliverable
Training
Perform Quality Control
3. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Requirements Documentation
Re-baselining
Product Scope
Free Float
4. 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
Responsibility Assignment Matrix (RAM)
Quality
To-Complete Performance Index (TCPI)
Status Review Meetings
5. Describes how individual requirements meet the business need for the project.
Acceptance
Requirements Documentation
Performance Reviews
Group Decision Making Techniques
6. 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
Independent estimates
Staffing Requirements
Project Plan
Risk Database
7. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Risk Management Plan
Risk Register
Schedule updates
Inspection
8. 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.
Estimate at Completion (EAC)
Expert Judgment
Estimate Activity Resources
Procurement audits
9. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Organizational Policies
Corrective Action
Procurement file
Scope Management Plan
10. 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
Quality Metrics
Requirements Traceability Matrix
Statistical Sampling
11. 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.
Estimate Activity Durations
Cost Management Plan
Group Creativity Techniques
Plan Quality
12. A formal or informal approach to obtain information from stakeholders by talking to them directly
Scope Management Plan
Transference
Interviews
Scope Changes
13. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w
Communication Requirements Analysis
Project Files
Procurement negotiations
Cost Management Plan
14. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.
Risk Consequences
Project Quality Management
Product Analysis
Performance Reports
15. 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
Rework
Verify Scope
Precedence Relationships
Phase Exits/ Stage Gates/ Kill Points
16. 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
Indirect costs / Overhead costs
Status Review Meetings
Avoidance
17. Risks that arise as a direct result of implementing a risk response.
Formal acceptance and closure
Project Human Resource Management
Secondary Risks
Define Activities
18. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje
Team Development
Staffing Pool Description
Collect Requirements
Quality Metrics
19. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Observations
Constraints
Perform Qualitative Risk Analysis
Formal acceptance and closure
20. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Projectized Organization
Decomposition
Perform Quality Control
Develop Human Resource Plan
21. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.
Project Records
Projectized Organization
Communications management plan
Indirect costs / Overhead costs
22. Modifications to the cost estimation prepared for the project
Perform Quality Control
Re-baselining
Sub Network / Fragment Network
External Feedback
23. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Estimate Activity Durations
Differences between Operations and Project
Project Cost Management
Project Closeout
24. 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.
Root Cause Analysis
Risk Audits
Product Description
Process Adjustments
25. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Earned Value Analysis
Regulation
Project Time Management
Plan Procurements
26. Project team must measure itself periodically against the expectations of those outside the project.
External Feedback
Data Precision Ranking
Rework
Facilitated Workshops
27. 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.
Budget Updates
Project Life Cycle
Assumptions Analysis
System or Process
28. Processes and procedures developed for the closing or canceling of projects.
Direct costs
Scope Changes
Inspection
Project Planning Methodology
29. Process of defining how to conduct risk management activities for a project.
Project Communications Management
Requirements Traceability Matrix
Scope Management Plan
Plan Risk Management
30. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Formal acceptance and closure
Corrective Action
Project Management
Project Time Management
31. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Free Float
Templates
Attribute Sampling vs. Variables Sampling
Scope Change Control System
32. Quantities to be performed for each specific category - and can be used to estimate activity durations
Source Selection Criteria
Project Quality Management
Similarities between Operations and Projects
Quantitatively based durations
33. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.
Schedule Compression
Precedence Relationships
Performance Reports
Corrective Action
34. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Procurement Management Plan
Communication Requirements Analysis
Project Plan
Project Quality Management
35. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte
Quality Assurance
Risk Categories
Analogous Estimating / Top-down
Contract
36. Technologies or methods to transfer information among project stakeholders.
Communications Technology
Team Development
Contract
Source Selection Criteria
37. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Resource Calendar
Proposals
Change Control System
Resource Leveling
38. 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.
Project Procurement Management
Control Account
Source Selection Criteria
Scope Changes
39. 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
Control Costs
Re-baselining
Procurement Statements of Work (SOW)
Parametric Estimating
40. 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
Matrix Organization
Project Life Cycle
Collocation
Scope Management Plan
41. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Information Distribution Methods
Quality Assurance
Constraints
Cost-reimbursable contracts
42. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Qualified seller lists
Procurement Management Plan
Estimate to Complete (ETC)
Differences between Operations and Project
43. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Identify Risks
Quality Audit
Prioritized list of quantified risks
Assumptions Analysis
44. It can include correspondence - memos - meeting minutes - and documents describing the project.
Project Records
Cost-reimbursable contracts
Differences between Operations and Project
Mandatory Dependencies (or Hard Logic)
45. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning
Work Results
Mathematical Analysis
Product description
Avoidance
46. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Mitigation
Attribute Sampling vs. Variables Sampling
Product Scope
Conduct Procurements
47. Technique to evaluate the degree to which data about risks is useful for risk management.
Quality Management Plan
Communications management plan
Data Precision Ranking
Conduct Procurements
48. Used to rate or score seller proposals
Source Selection Criteria
Subproject
Project Procurement Management
Risk management policies
49. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Project Procurement Management
Corrective Action
Scope Changes
Checklists
50. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Requirements Documentation
Bottom-up Estimating
Transference
Procurement Documents