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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. Describes the need - justification - requirements - and current boundaries for the project.
Scope baseline
Trend Analysis
Regulation
Qualified seller lists
2. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Schedule updates
Projectized Organization
Inspection
Coding Structure
3. A project is a temporary endeavor undertaken to create a unique product - service - or result
Project
Constraints
Lag
Total Float
4. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Data precision
Work Results
Project Closeout
Expert Judgment
5. 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 Files
Requirements Traceability Matrix
Fixed- price contracts
Project Quality Management
6. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.
Quality Assurance
Cost Performance Baseline
Probability and impact matrix
Quality Policy
7. 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
To-Complete Performance Index (TCPI)
Responsibility Assignment Matrix (RAM)
Risk Database
Project Closeout
8. 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
Similarities between Operations and Projects
Grade
Manage Stakeholder
Project Integration Management
9. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Procurement negotiations
Project Schedule Network Diagrams
Sub Network / Fragment Network
Product description
10. Involves developing a better understanding of the product of the project
Conditional Diagramming Methods
Workaround plans
Documentation Reviews
Product Analysis
11. 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.
Project Team Directory
Risk Audits
Change Requests
Pareto Diagram/ Chart
12. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Graphical Evaluation and Review Technique (GERT)
Staffing Pool Description
Make-or-buy analysis
Mathematical Analysis
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
Activity List
Schedule updates
Organization Breakdown Structure
Risk Categories
14. Processes and procedures developed for the closing or canceling of projects.
Inspection
Team Building Activities
Independent estimates
Project Time Management
15. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Change Control System
Work Results
Independent estimates
Forecasting
16. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
External Dependencies
Project Procurement Management
Formal acceptance and closure
Facilitated Workshops
17. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Change Control System
Coding Structure
Cost Performance Baseline
Cost-reimbursable contracts
18. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Risk Categories
Tolerances vs. Control limits
Collect Requirements
Activity List
19. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Pareto Diagram/ Chart
Project Selection Methods
Quality Improvement
Secondary Risks
20. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Plan Risk Management
Change Requests
Work Breakdown Structure (WBS)
Project Procurement Management
21. 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
External Dependencies
Procurement file
Project Procurement Management
Revised Cost Estimates
22. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Bidder Conferences
Conduct Procurements
Project Communications Management
Scope Statement
23. 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.
Mathematical Analysis
Information Distribution Methods
Project Quality Management
Quality
24. 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
Perform Quality Control
Simulation
Time and Material (T&M) Contracts
Control Schedule
25. 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.
Fixed- price contracts
Trend Analysis
Quality Management Plan
Observations
26. Charts that are used to show positions and relationships in a graphical format.
Procurement performance reviews
Verify Scope
Product description
Organization Chart
27. A requirement imposed by a governmental body and its compliance is mandatory.
Lag
Regulation
Performance Reviews
Project Communications Management
28. Process of defining and documenting stakeholders' needs to meet the project objectives
Project Scope
Activity List
Project Integration Management
Collect Requirements
29. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Estimate to Complete (ETC)
Templates
Cost Performance Baseline
Identify Stakeholders
30. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Quality Management Plan
Cost-reimbursable contracts
Risk management policies
Trend Analysis
31. 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.
Lessons Learned
Conduct Procurements
Configuration Management System
Re-baselining
32. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.
Project Planning Methodology
Coding Structure
Lessons Learned
Make-or-buy analysis
33. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Stakeholder register
Project Cost Management
Team Building Activities
Perform Quantitative Risk Analysis
34. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Administer procurements
Inspection
Subproject
Project Selection Methods
35. Outcome of activities performed to accomplish the project.
Risk Database
Performance Reviews
Work Results
Organization Chart
36. A documented list of project team members - their project roles - and communication information.
Project Team Directory
Project Files
Fixed- price contracts
Prioritized list of quantified risks
37. 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
Contingency - Buffer - Reserve
Simulation
Training
Project Scope
38. 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.
Indirect costs / Overhead costs
Brainstorming
Contingency - Buffer - Reserve
Control Scope
39. Technologies or methods to transfer information among project stakeholders.
Product description
Team Development
Simulation
Communications Technology
40. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Perform Quality Control
Control Charts
Secondary Risks
Earned Value Analysis
41. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.
Requirements Documentation
Assumptions Analysis
Schedule Baseline
Proposals
42. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold
Stakeholder Analysis
Quality
Assumptions
Analogous Estimating (top-down)
43. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Direct costs
Projectized Organization
Lead
Proposal
44. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Focus groups
Project Communications Management
Time and Material (T&M) Contracts
Determine Budget
45. Changing the project management plan to eliminate the threat entirely.
Activity List
Critical Path Method
Avoidance
Attribute Sampling vs. Variables Sampling
46. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Project Files
Source Selection Criteria
Process Adjustments
Contract Change Control System
47. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Define Scope
Corrective Action
Decomposition
Project Quality Management
48. 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
Initiation
Constraints
Forecasting
Quality Management Plan
49. Process of identifying the specific actions to be performed to produce the project deliverables.
Fast Tracking
Define Activities
Procurement Management Plan
Rework
50. Process of defining how to conduct risk management activities for a project.
To-Complete Performance Index (TCPI)
Design of Experiments (DOE)
Decision Tree
Plan Risk Management