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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. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Data precision
Proposal
Corrective Action
Contingency - Buffer - Reserve
2. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.
External Feedback
Close procurements
Risk Audits
Project Human Resource Management
3. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Performance Reports
Risk
Indirect costs / Overhead costs
Flowcharts
4. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to
Root Cause Analysis
Design of Experiments (DOE)
Formal acceptance and closure
Budget Updates
5. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.
Risk Database
Independent estimates
Acceptance
Work Breakdown Structure (WBS)
6. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Free Float
Decision Tree
Estimate Activity Resources
Source Selection Criteria
7. Involves developing a better understanding of the product of the project
Product Analysis
Control Charts
Quality Metrics
Triggers
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.
Manage Stakeholder
Revised Cost Estimates
Tolerances vs. Control limits
Estimate at Completion (EAC)
9. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Work Results
Similarities between Operations and Projects
Brainstorming
Risk Database
10. A modification of a logical relationship that directs a delay in the successor activity.
Coding Structure
Determine Budget
Lag
Cost-reimbursable contracts
11. 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.
Budget Updates
Project Selection Methods
Schedule Compression
Group Decision Making Techniques
12. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Conditional Diagramming Methods
Procurement file
Status Review Meetings
Group Decision Making Techniques
13. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Checklists
Benchmarking
Direct costs
Organization Breakdown Structure
14. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start
Cost-reimbursable contracts
Precedence Relationships
Project Risk Management
Quality Assurance
15. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Documentation Reviews
Data Precision Ranking
Life Cycle Costing
Estimate to Complete (ETC)
16. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Determine Budget
Scope Statement
Project Procurement Management
Plan Communications
17. 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
Work Results
Time and Material (T&M) Contracts
Graphical Evaluation and Review Technique (GERT)
Cost Performance Baseline
18. 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
System or Process
Project Stakeholders
Procurement negotiations
Project Scope
19. 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
Probabilistic Analysis of the project
Brainstorming
Observations
Root Cause Analysis
20. 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
Inspection
Critical Path Method
Project Life Cycle
21. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Identify Stakeholders
Budget Updates
Forecasting
Facilitated Workshops
22. 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.
Re-baselining
Product description
Inspection
Performance Reviews
23. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Decision Tree
Statistical Sampling
Project Portfolio Management
Procurement Management Plan
24. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Quality Management
Fixed- price contracts
Scope baseline
Project Files
25. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Schedule Compression
Project Human Resource Management
Project Schedule Network Diagrams
Conditional Diagramming Methods
26. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Probabilistic Analysis of the project
Develop Human Resource Plan
Inspection
Buyer-Seller relationship
27. Special category of revised cost estimates to an approved cost baseline.
Project Selection Methods
Quality Assurance
Recruitment Practices
Prevention vs. Inspections
28. A formal or informal approach to obtain information from stakeholders by talking to them directly
Control Schedule
Total Float
Crashing
Interviews
29. 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
Staffing Requirements
Control Account
Control Charts
Plan Risk Responses
30. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Design of Experiments (DOE)
Inspection
Scope baseline
Project Integration Management
31. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Team Development
Formal acceptance and closure
Perform Qualitative Risk Analysis
Risk management policies
32. Meetings held to assess project status and/or progress.
Cost-reimbursable contracts
Performance Reviews
Residual Risks
Estimate Activity Resources
33. Describes how risk management will be structured and performed on the project.
Project Quality Management
Risk Management Plan
Product Analysis
Design of Experiments (DOE)
34. 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
Constraints
Collect Requirements
Time and Material (T&M) Contracts
Brainstorming
35. 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
Cost-reimbursable contracts
Qualified seller lists
Project Closeout
Phase Exits/ Stage Gates/ Kill Points
36. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Subproject
Sensitivity Analysis
Lessons Learned
Mitigation
37. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o
Product Analysis
Organization Chart
Simulation
Project Scope Management
38. 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.
Collect Requirements
Organization Chart
Work Authorization System
Organizational Policies
39. 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.
Project Files
Performance Reviews
Project Procurement Management
Corrective Action
40. 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.
Plan Communications
Bidder Conferences
Team Development
Triggers
41. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana
Project Communications Management
Plan Risk Responses
Quantitatively based durations
Perform Quality Control
42. A documented list of project team members - their project roles - and communication information.
Constraints
Secondary Risks
Project Team Directory
Plan Communications
43. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Human Resource Practices
Assumptions
Project Closeout
Quality Audit
44. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Monitor and Control Risks
Project Management Information Systems (PMIS)
Administer procurements
Cost-reimbursable contracts
45. Any numbering system used to uniquely identify each component of the work breakdown structure.
Cost Performance Baseline
Quality Policy
Perform Quality Control
Brainstorming
46. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Code of Accounts
Identify Risks
Project Management
Activity List
47. 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
Organization Chart
Checklists
Project Portfolio Management
Program
48. Special category of revised cost estimates to an approved cost baseline.
Budget Updates
Direct costs
Cost Performance Baseline
Project Management
49. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve
Indirect costs / Overhead costs
Additional Risk Response Planning
Cost Performance Baseline
Re-baselining
50. 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.
Quality Audit
Identify Stakeholders
Project Cost Management
Prevention vs. Inspections