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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. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Similarities between Operations and Projects
Tolerances vs. Control limits
Lessons Learned
Checklists
2. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Perform Quality Control
Communications management plan
Quality
Training
3. 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 Communications Management
Initiation
Project Records
Parametric Estimating
4. 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
Schedule updates
Risk
Communications Technology
5. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
External Feedback
Define Activities
Analogous Estimating / Top-down
Control Account
6. 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.
Corrective Action
Plan Communications
Cost Management Plan
Risk Audits
7. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Risk management policies
Project Assumption Testing
Work Authorization System
Estimate Costs
8. Involves setting a fixed total price for a defined product or service to be provided.
Monitor and Control Risks
Bottom-up Estimating
Fixed- price contracts
Focus groups
9. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica
Communications management plan
Requirements Management Plan
Risk probability
Avoidance
10. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Procurement audits
Parametric Estimating
Formal acceptance and closure
Change Control System
11. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.
Program Evaluation and Review Technique (PERT)
Project Quality Management
Total Float
Perform Quantitative Risk Analysis
12. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.
Schedule Compression
Quality Audit
Acceptance
Procurement negotiations
13. 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
Facilitated Workshops
Checklists
Risk Categories
Project Cost Management
14. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Source Selection Criteria
Constraints
Contract
Quality Audit
15. 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.
Fast Tracking
Identify Stakeholders
Projectized Organization
Assumptions
16. Effect on project objectives if the risk event occurs.
Resource Calendar
Communication Requirements Analysis
Scope Changes
Risk Consequences
17. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Proposals
Project
Develop Schedule
Project Life Cycle
18. 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.
Monitor and Control Risks
Perform Quantitative Risk Analysis
Observations
Assumptions Analysis
19. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Manage Stakeholder
Configuration Management System
Stakeholder register
Project Cost Management
20. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Templates
Project Time Management
Organizational Policies
Focus groups
21. 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.
Data Precision Ranking
Quality Improvement
Project Risk Management
Distribute Information
22. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.
Contract Change Control System
Independent estimates
Schedule Compression
Free Float
23. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Project Quality Management
Root Cause Analysis
Re-baselining
Data precision
24. Meetings held to assess project status and/or progress.
External Feedback
Statistical Sampling
Performance Reviews
Constraints
25. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe
Cost-reimbursable contracts
Procurement audits
Checklists
Probability and impact matrix
26. A requirement imposed by a governmental body and its compliance is mandatory.
Product Scope
Subproject
Regulation
Bid / quotation
27. 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.
Scope Statement
Identify Risks
Organizational Policies
Life Cycle Costing
28. 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.
Assumptions Analysis
Make-or-buy analysis
Project Scope
Resource Pool Descriptions
29. Records of previous project results that can be used to identify risks.
Project Files
Collocation
Independent estimates
Team Development
30. 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
Corrective Action
Control Costs
Analogous Estimating (top-down)
Staffing Pool Description
31. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Project Risk Management
Procurement Statements of Work (SOW)
Define Scope
Process Adjustments
32. A modification of a logical relationship that directs a delay in the successor activity.
Lag
Corrective Action
Information Distribution Methods
Residual Risks
33. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t
Manage Stakeholder
Projectized Organization
Risk Categories
Cost Performance Baseline
34. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Regulation
Bottom-up Estimating
Forecasting
Subproject
35. Any numbering system used to uniquely identify each component of the work breakdown structure.
Project Plan Updates
Project Communications Management
Code of Accounts
Quality Policy
36. 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.
Free Float
Work Authorization System
Project Schedule Network Diagrams
Project Plan Updates
37. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quantitative Risk Analysis
Total Float
Contingency - Buffer - Reserve
Expert Judgment
38. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Human Resource Practices
Prevention vs. Inspections
Resource Leveling
Bottom-up Estimating
39. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Schedule Compression
Plan Communications
Estimate to Complete (ETC)
Define Scope
40. Used to rate or score seller proposals
Source Selection Criteria
Quality
Buyer-Seller relationship
Process Adjustments
41. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Total Float
Monitor and Control Risks
Documentation Reviews
System or Process
42. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Decomposition
Project Quality Management
Determine Budget
Control Scope
43. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Requirements Traceability Matrix
Resource Leveling
Risk management policies
Define Activities
44. 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.
Quality
Procurement Documents
Facilitated Workshops
Risk Consequences
45. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Deliverable
Documentation Reviews
Direct costs
Project Schedule Network Diagrams
46. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Recruitment Practices
Prototypes
Estimate at Completion (EAC)
Develop Schedule
47. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Project Human Resource Management
Program
Communications Technology
Grade
48. Factors that - for planning purposes - will be considered true - real or certain.
Assumptions
Grade
Risk Register
Organization Chart
49. Describes how individual requirements meet the business need for the project.
Requirements Documentation
Probability and impact matrix
Mitigation
Constraints
50. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Scope Statement
Fast Tracking
Organization Chart
Constraints