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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. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are
Team Building Activities
Simulation
Identify Risks
Risk Management Plan
2. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.
Quality Audit
Control Schedule
Project Charter
Perform Qualitative Risk Analysis
3. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Scope Management Plan
Schedule Baseline
Checklists
Human Resource Practices
4. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Additional Risk Response Planning
Rework
Root Cause Analysis
Coding Structure
5. The work that must be done to deliver a product with the specified features and functions
Perform Qualitative Risk Analysis
Scope Management Plan
Project Scope
Sequence Activities
6. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Attribute Sampling vs. Variables Sampling
Project Life Cycle
Performance Reviews
Project Cost Management
7. 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
Additional Risk Response Planning
Projectized Organization
Communications Technology
Bottom-up Estimating
8. Subdivision of project deliverables into smaller - more manageable components
Pareto Diagram/ Chart
Decomposition
Project Schedule
Time and Material (T&M) Contracts
9. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Project Schedule Network Diagrams
Fast Tracking
Constraints
Lead
10. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans
Constraints
Similarities between Operations and Projects
Project Scope
Graphical Evaluation and Review Technique (GERT)
11. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Independent estimates
Time and Material (T&M) Contracts
Product Description
Checklists
12. Risks that arise as a direct result of implementing a risk response.
Activity List
Secondary Risks
Program Evaluation and Review Technique (PERT)
Decomposition
13. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Assumptions Analysis
Conditional Diagramming Methods
Product Scope
Project Procurement Management
14. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Quality Policy
Project Procurement Management
Mitigation
Risk
15. Outcome of activities performed to accomplish the project.
Change Control System
Work Results
Perform Quantitative Risk Analysis
Project Stakeholders
16. Involves developing a better understanding of the product of the project
Fixed- price contracts
External Feedback
Product Analysis
Bid / quotation
17. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Mathematical Analysis
Communications management plan
Project Procurement Management
Control Account
18. 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.
Team Building Activities
Project Files
Life Cycle Costing
Communications management plan
19. Any numbering system used to uniquely identify each component of the work breakdown structure.
Phase Exits/ Stage Gates/ Kill Points
Code of Accounts
Project Planning Methodology
Product description
20. 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
Project Charter
Quality Assurance
Free Float
Status Review Meetings
21. Used to solicit proposals from prospective sellers
Procurement Documents
Procurement Statements of Work (SOW)
Determine Budget
Project Portfolio Management
22. 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.
Analogous Estimating / Top-down
Project Plan
Program Evaluation and Review Technique (PERT)
Resource Calendar
23. Process of developing a detailed description of the project and product
Human Resource Practices
Define Scope
Program
Quality Management Plan
24. A documented list of project team members - their project roles - and communication information.
Report Performance
Procurement Statements of Work (SOW)
Risk Audits
Project Team Directory
25. The process of determining project stakeholders' information needs and defining a communication approach.
Verify Scope
Plan Quality
Requirements Traceability Matrix
Plan Communications
26. Technologies or methods to transfer information among project stakeholders.
Status Review Meetings
Cost Performance Baseline
Risk management policies
Communications Technology
27. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched
Sensitivity Analysis
Product Scope
Project Time Management
Procurement file
28. A formal or informal approach to obtain information from stakeholders by talking to them directly
Interviews
Quality Assurance
Documentation Reviews
Quality
29. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Forecasting
Product description
Communications Technology
Risk probability
30. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Program
Project Assumption Testing
Constraints
Risk management policies
31. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Quality Improvement
Crashing
Estimate to Complete (ETC)
Focus groups
32. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Work Results
Plan Risk Responses
Cost-reimbursable contracts
Requirements Documentation
33. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Develop Human Resource Plan
Proposals
Precedence Relationships
Project Plan
34. 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.
Collocation
Manage Stakeholder
Risk Management Plan
Independent estimates
35. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Procurement negotiations
Administer procurements
Requirements Documentation
Staffing Requirements
36. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.
Projectized Organization
Risk Database
Project Plan
Procurement Management Plan
37. 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.
Grade
Close procurements
Estimate at Completion (EAC)
Acceptance
38. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Project Management
Project Team Directory
Inspection
Control Schedule
39. Modifications to the cost estimation prepared for the project
Perform Quality Control
Risk Audits
Define Scope
Schedule updates
40. Any modification to the agreed upon project scope as defined by the approved WBS
Team Building Activities
Scope Changes
Matrix Organization
Close procurements
41. Processes and procedures developed for the closing or canceling of projects.
Decomposition
Inspection
Scope Statement
Mandatory Dependencies (or Hard Logic)
42. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Plan Procurements
Facilitated Workshops
Sensitivity Analysis
Project Management
43. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Probabilistic Analysis of the project
Schedule Compression
Estimate Activity Resources
Define Activities
44. A project is a temporary endeavor undertaken to create a unique product - service - or result
Mathematical Analysis
Project
Avoidance
Project Closeout
45. 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.
Risk Audits
Project Stakeholders
Control Costs
Contract Change Control System
46. Approved modifications to the project schedule that are used to manage the project
Forecasting
Probability and impact matrix
Develop Human Resource Plan
Schedule updates
47. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Staffing Requirements
Bid / quotation
Verify Scope
Project Files
48. 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
Crashing
Identify Risks
Risk probability
49. 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
Resource Leveling
Decision Tree
Design of Experiments (DOE)
Responsibility Assignment Matrix (RAM)
50. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Project Records
Quality
Scope Change Control System
Acquire Project Team