SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. 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.
Project Cost Management
Quality
Sequence Activities
Probability and impact matrix
2. 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.
Work Breakdown Structure (WBS)
Re-baselining
Make-or-buy analysis
Conduct Procurements
3. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Workaround plans
Define Scope
Close procurements
Stakeholder register
4. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Project Charter
Fast Tracking
Determine Budget
Trend Analysis
5. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Plan Procurements
Project Procurement Management
Distribute Information
Project Schedule Network Diagrams
6. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Estimate Activity Durations
Activity List
Schedule updates
Earned Value Analysis
7. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Risk Register
Focus groups
Control Scope
Cost Management Plan
8. Any modification to the contents of the project plan or the supporting details.
Earned Value Analysis
Project Plan Updates
Schedule Compression
Product description
9. 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.
Work Authorization System
Procurement file
Identify Stakeholders
Proposal
10. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Communications management plan
Proposals
Project Quality Management
Group Decision Making Techniques
11. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte
Crashing
Identify Stakeholders
Total Float
Free Float
12. 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
Cost Management Plan
Scope Management Plan
Buyer-Seller relationship
Parametric Estimating
13. Technique to evaluate the degree to which data about risks is useful for risk management.
Data Precision Ranking
Constraints
Deliverable
Program
14. 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.
Collocation
Performance Reports
Transference
Cost Performance Baseline
15. 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.
Mandatory Dependencies (or Hard Logic)
Project Human Resource Management
Risk
Quantitatively based durations
16. 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
Simulation
Secondary Risks
Bottom-up Estimating
Cost-reimbursable contracts
17. 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
Root Cause Analysis
Administer procurements
Quality Audit
Mathematical Analysis
18. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Report Performance
Plan Quality
Earned Value Analysis
Qualified seller lists
19. 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
Activity List
Scope Management Plan
External Feedback
Program Evaluation and Review Technique (PERT)
20. 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.
Resource Pool Descriptions
System or Process
Conduct Procurements
Performance Reports
21. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Project Quality Management
Tolerances vs. Control limits
Assumptions
Estimate Activity Durations
22. Describes the need - justification - requirements - and current boundaries for the project.
Scope baseline
Product description
Quality Policy
Performance Reviews
23. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Product description
Project Schedule Network Diagrams
Benchmarking
Administer procurements
24. A requirement imposed by a governmental body and its compliance is mandatory.
Resource Pool Descriptions
Acquire Project Team
Risk Database
Regulation
25. 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
Observations
Project
Design of Experiments (DOE)
Probabilistic Analysis of the project
26. 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 Closeout
Deliverable
Transference
Responsibility Assignment Matrix (RAM)
27. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Source Selection Criteria
Quality Assurance
Re-baselining
Organization Breakdown Structure
28. Methods used to distribute information to team members and other stakeholders.
Avoidance
Training
Cost Performance Baseline
Information Distribution Methods
29. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
System or Process
Project Human Resource Management
Prototypes
Templates
30. 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
Quality Metrics
Total Float
Plan Communications
Project Schedule
31. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Lead
Secondary Risks
Quality Metrics
Fast Tracking
32. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.
Perform Quantitative Risk Analysis
Bidder Conferences
Fast Tracking
Risk Management Plan
33. Meetings held to assess project status and/or progress.
Performance Reviews
Risk Consequences
Mitigation
Fast Tracking
34. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Risk Database
Earned Value Analysis
Crashing
Technical performance measurement
35. Involves setting a fixed total price for a defined product or service to be provided.
Sub Network / Fragment Network
Quality Metrics
Fixed- price contracts
Project Planning Methodology
36. Used to rate or score seller proposals
Requirements Documentation
Source Selection Criteria
Project Management
Inspection
37. Process of obtaining seller responses - selecting a seller - and awarding a contract
Mathematical Analysis
Project Closeout
Conduct Procurements
Report Performance
38. Records of previous project results that can be used to identify risks.
Procurement performance reviews
Organization Chart
Project Files
Performance Reviews
39. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Estimate Activity Durations
Requirements Management Plan
Risk probability
Quantitatively based durations
40. Changing the project management plan to eliminate the threat entirely.
Develop Human Resource Plan
Close procurements
Avoidance
Residual Risks
41. Terms used when the source selection decision will be based on price
Estimate at Completion (EAC)
Collect Requirements
Bid / quotation
Requirements Management Plan
42. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Resource Leveling
Prioritized list of quantified risks
Project Integration Management
Phase Exits/ Stage Gates/ Kill Points
43. The process of determining project stakeholders' information needs and defining a communication approach.
Project
Activity List
Focus groups
Plan Communications
44. 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
Resource Calendar
Project Scope Management
Program
Lead
45. 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.
Conditional Diagramming Methods
Information Distribution Methods
Precedence Relationships
Acceptance
46. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.
Control Charts
Assumptions Analysis
Contingency - Buffer - Reserve
Quality Assurance
47. Allows for probabilistic treatment of both network logic and activity duration estimates
Graphical Evaluation and Review Technique (GERT)
Schedule Compression
Project Files
Project Scope Management
48. Project team must measure itself periodically against the expectations of those outside the project.
Project
Procurement negotiations
External Feedback
Communications management plan
49. 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
Secondary Risks
Total Float
Probability and impact matrix
Procurement audits
50. Modifications to the cost estimation prepared for the project
Project Risk Management
Fast Tracking
Life Cycle Costing
Revised Cost Estimates