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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. 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
Proposals
Contingency - Buffer - Reserve
Control Charts
Project Team Directory
2. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.
Project Plan
Risk Management Plan
Fast Tracking
Analogous Estimating (top-down)
3. Approved modifications to the project schedule that are used to manage the project
Schedule updates
Re-baselining
Project Schedule
Regulation
4. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Training
Risk Audits
Plan Quality
Re-baselining
5. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Total Float
Risk Register
Triggers
System or Process
6. Used to rate or score seller proposals
Project Quality Management
Change Requests
Source Selection Criteria
Verify Scope
7. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Project
Functional Organization
Status Review Meetings
Design of Experiments (DOE)
8. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Project Management Information Systems (PMIS)
Scope Management Plan
Plan Procurements
Collocation
9. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Resource Pool Descriptions
Time and Material (T&M) Contracts
Performance Reviews
Project Risk Management
10. Process of defining and documenting stakeholders' needs to meet the project objectives
Risk Management Plan
Constraints
System or Process
Collect Requirements
11. 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
Mathematical Analysis
Total Float
Team Building Activities
Bid / quotation
12. 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
Revised Cost Estimates
Procurement resources
Focus groups
Risk Management Plan
13. 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
Fixed- price contracts
Forecasting
External Dependencies
Precedence Relationships
14. 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
Requirements Management Plan
Phase Exits/ Stage Gates/ Kill Points
Plan Risk Management
Buyer-Seller relationship
15. A project is a temporary endeavor undertaken to create a unique product - service - or result
Project
Team Development
Schedule Baseline
Identify Risks
16. 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.
Quality
Indirect costs / Overhead costs
Prototypes
Collocation
17. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Staffing Requirements
Responsibility Assignment Matrix (RAM)
Group Decision Making Techniques
System or Process
18. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Schedule Compression
Flowcharts
Data Precision Ranking
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
Project Files
Project Schedule Network Diagrams
Expert Judgment
Responsibility Assignment Matrix (RAM)
20. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Resource Leveling
Administer procurements
Life Cycle Costing
Statistical Sampling
21. Considers the characteristics of those prospective staff who are available to join the project team.
Independent estimates
Staffing Pool Description
Control Charts
Assumptions Analysis
22. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Schedule Compression
Project Closeout
Project Communications Management
23. 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.
Recruitment Practices
Project Schedule Network Diagrams
Performance Reports
Cost-reimbursable contracts
24. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Staffing Requirements
Quality Policy
Requirements Documentation
Facilitated Workshops
25. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Quality Metrics
Project Procurement Management
Checklists
Templates
26. 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.
Control Scope
Pareto Diagram/ Chart
Verify Scope
Indirect costs / Overhead costs
27. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Product description
Conditional Diagramming Methods
Project Management
Phase Exits/ Stage Gates/ Kill Points
28. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization
Procurement Documents
Program Evaluation and Review Technique (PERT)
Initiation
Quality Audit
29. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Formal acceptance and closure
Independent estimates
Quality Assurance
Buyer-Seller relationship
30. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Change Requests
Project Life Cycle
Simulation
Additional Risk Response Planning
31. 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
Procurement Documents
Procurement Management Plan
Analogous Estimating (top-down)
Critical Path Method
32. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Report Performance
Estimate Activity Resources
Corrective Action
Subproject
33. 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
Product Analysis
Risk Categories
Time and Material (T&M) Contracts
Pareto Diagram/ Chart
34. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg
Perform Quantitative Risk Analysis
Constraints
Communication Requirements Analysis
Expert Judgment
35. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Product Scope
Performance Reports
Direct costs
Risk Register
36. 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
Prototypes
Graphical Evaluation and Review Technique (GERT)
Project Risk Management
37. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Proposals
Subproject
Risk probability
Organization Breakdown Structure
38. 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
Risk Register
Manage Stakeholder
Organization Breakdown Structure
Project Risk Management
39. 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
Bidder Conferences
Product description
Verify Scope
Project Schedule Network Diagrams
40. 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.
Lag
Close procurements
Critical Path Methodology (CPM)
Risk Audits
41. Modifications to the cost estimation prepared for the project
Plan Quality
Perform Quality Control
Data Precision Ranking
Project Plan Updates
42. 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
Independent estimates
Fast Tracking
Communications management plan
Plan Risk Responses
43. Meetings held to assess project status and/or progress.
Contingency - Buffer - Reserve
Analogous Estimating (top-down)
Performance Reviews
Procurement Statements of Work (SOW)
44. 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.
Control Account
Re-baselining
Team Development
Group Creativity Techniques
45. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Project Plan
Process Adjustments
Scope baseline
Risk management policies
46. 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.
Proposal
Distribute Information
Quality Improvement
Manage Stakeholder
47. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Control Account
Work Authorization System
Brainstorming
Estimate Costs
48. 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
Project Assumption Testing
Project Scope Management
Secondary Risks
Constraints
49. Determining which risks may affect the project and documenting their characteristics.
Initiation
Graphical Evaluation and Review Technique (GERT)
Quality Policy
Identify Risks
50. Project team must measure itself periodically against the expectations of those outside the project.
Quantitatively based durations
Estimate to Complete (ETC)
External Feedback
Project