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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
Technical performance measurement
Quality Audit
To-Complete Performance Index (TCPI)
Project Integration Management
2. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Work Results
Corrective Action
Phase Exits/ Stage Gates/ Kill Points
Documentation Reviews
3. 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.
Life Cycle Costing
Control Account
Project Closeout
Checklists
4. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the
Schedule Compression
Estimate Activity Durations
Phase Exits/ Stage Gates/ Kill Points
Fast Tracking
5. 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.
Quantitatively based durations
Crashing
Cost Management Plan
Project Records
6. Involves developing a better understanding of the product of the project
Attribute Sampling vs. Variables Sampling
Staffing Requirements
Quality
Product Analysis
7. Process of identifying the specific actions to be performed to produce the project deliverables.
Data Precision Ranking
Define Activities
Benchmarking
Life Cycle Costing
8. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Quantitatively based durations
Human Resource Practices
Procurement audits
Focus groups
9. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Control Account
Critical Path Methodology (CPM)
Tolerances vs. Control limits
Report Performance
10. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Workaround plans
Product description
Procurement Statements of Work (SOW)
Scope Statement
11. 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
Phase Exits/ Stage Gates/ Kill Points
Cost Performance Baseline
Project Cost Management
Performance Reviews
12. Process of defining and documenting stakeholders' needs to meet the project objectives
Root Cause Analysis
Revised Cost Estimates
Collect Requirements
Communications management plan
13. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o
Program Evaluation and Review Technique (PERT)
Quality Assurance
Group Creativity Techniques
Analogous Estimating / Top-down
14. 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
Status Review Meetings
Brainstorming
Data precision
Flowcharts
15. 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
Regulation
Similarities between Operations and Projects
Schedule Baseline
Proposal
16. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Sequence Activities
Work Results
Re-baselining
Plan Procurements
17. Approved modifications to the project schedule that are used to manage the project
Quality Assurance
Plan Quality
To-Complete Performance Index (TCPI)
Schedule updates
18. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Direct costs
Performance Reviews
Cost Performance Baseline
Project Procurement Management
19. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Inspection
Administer procurements
Work Authorization System
Team Building Activities
20. 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
Design of Experiments (DOE)
Decision Tree
Project Risk Management
Project Integration Management
21. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Lead
Project Scope
Identify Stakeholders
Regulation
22. A requirement imposed by a governmental body and its compliance is mandatory.
Pareto Diagram/ Chart
Tolerances vs. Control limits
Performance Reviews
Regulation
23. Terms used when the source selection decision will be based on price
Control Costs
Probability and impact matrix
Analogous Estimating / Top-down
Bid / quotation
24. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Develop Schedule
Human Resource Practices
Project Communications Management
Prototypes
25. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Differences between Operations and Project
Perform Quality Control
Functional Organization
Quality Metrics
26. 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.
Expert Judgment
Collect Requirements
Work Authorization System
Project Team Directory
27. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.
Project Planning Methodology
Additional Risk Response Planning
Mathematical Analysis
Formal acceptance and closure
28. A modification of a logical relationship that directs a delay in the successor activity.
Forecasting
Monitor and Control Risks
Project Stakeholders
Lag
29. Used to solicit proposals from prospective sellers
Contract
Procurement Documents
Scope baseline
Product Scope
30. 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
Risk management policies
Phase Exits/ Stage Gates/ Kill Points
Project Selection Methods
Lessons Learned
31. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Control Charts
Projectized Organization
Control Schedule
Grade
32. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Statistical Sampling
Procurement Documents
Project Files
Project Scope Management
33. Any numbering system used to uniquely identify each component of the work breakdown structure.
Code of Accounts
Re-baselining
Facilitated Workshops
Constraints
34. Generally used when considerations like technical approach and technical skills are paramount in source selection
Trend Analysis
Quality Assurance
Contract Change Control System
Proposal
35. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Critical Path Methodology (CPM)
Inspection
Project Cost Management
Control Scope
36. 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
Constraints
Project Management
Estimate Costs
Time and Material (T&M) Contracts
37. A project is a temporary endeavor undertaken to create a unique product - service - or result
Lessons Learned
Project Records
Perform Qualitative Risk Analysis
Project
38. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Graphical Evaluation and Review Technique (GERT)
Estimate Activity Resources
Initiation
Schedule Baseline
39. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Performance Reviews
Simulation
Risk Register
Cost-reimbursable contracts
40. Quantities to be performed for each specific category - and can be used to estimate activity durations
Quantitatively based durations
Project Quality Management
Coding Structure
Determine Budget
41. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Procurement Management
Interviews
Project Management
Prioritized list of quantified risks
42. 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.
Performance Reports
Procurement audits
Contingency - Buffer - Reserve
Coding Structure
43. Describes how individual requirements meet the business need for the project.
Mitigation
Acceptance
Requirements Documentation
Performance Reports
44. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Procurement negotiations
Identify Risks
Procurement Statements of Work (SOW)
Interviews
45. Involves setting a fixed total price for a defined product or service to be provided.
Fixed- price contracts
Control Charts
Avoidance
Constraints
46. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.
Project Quality Management
Quality Metrics
Decision Tree
Project Planning Methodology
47. Technologies or methods to transfer information among project stakeholders.
Communications Technology
Conditional Diagramming Methods
Project Management Information Systems (PMIS)
Communications management plan
48. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.
Deliverable
Decision Tree
Trend Analysis
Project Management Information Systems (PMIS)
49. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si
Project Quality Management
Matrix Organization
Procurement resources
Project Records
50. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.
Sub Network / Fragment Network
Proposals
Report Performance
Product Scope