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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. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Project Stakeholders
Lead
Technical performance measurement
Develop Schedule
2. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Selection Methods
Develop Schedule
Work Authorization System
Team Development
3. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Configuration Management System
Risk Audits
Simulation
Subproject
4. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Decomposition
Estimate to Complete (ETC)
Focus groups
Mitigation
5. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Develop Human Resource Plan
Staffing Requirements
Analogous Estimating / Top-down
Re-baselining
6. Changing the project management plan to eliminate the threat entirely.
Identify Stakeholders
Quality Management Plan
Cost Performance Baseline
Avoidance
7. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Deliverable
Risk Consequences
Perform Quantitative Risk Analysis
Monitor and Control Risks
8. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Fast Tracking
Critical Path Method
Project Team Directory
Statistical Sampling
9. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Bid / quotation
Perform Quality Control
Plan Procurements
Control Costs
10. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec
Control Account
Assumptions Analysis
Project Risk Management
Bottom-up Estimating
11. Technique to evaluate the degree to which data about risks is useful for risk management.
Pareto Diagram/ Chart
Project Selection Methods
Projectized Organization
Data Precision Ranking
12. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Product Scope
Team Building Activities
Coding Structure
Forecasting
13. Involves developing a better understanding of the product of the project
Precedence Relationships
Product Analysis
Buyer-Seller relationship
Secondary Risks
14. 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
Activity List
Phase Exits/ Stage Gates/ Kill Points
Time and Material (T&M) Contracts
Indirect costs / Overhead costs
15. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Control Schedule
Mathematical Analysis
Human Resource Practices
Triggers
16. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned
Product Analysis
Process Adjustments
Project Records
Lessons Learned
17. 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.
Performance Reviews
Project Cost Management
Graphical Evaluation and Review Technique (GERT)
Program Evaluation and Review Technique (PERT)
18. 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.
Proposals
Fast Tracking
Tolerances vs. Control limits
Project Plan
19. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Parametric Estimating
Code of Accounts
Transference
Configuration Management System
20. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Resource Pool Descriptions
Acquire Project Team
Free Float
Plan Quality
21. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Analogous Estimating (top-down)
Corrective Action
Phase Exits/ Stage Gates/ Kill Points
Group Decision Making Techniques
22. Describes how individual requirements meet the business need for the project.
Change Requests
Requirements Documentation
Contingency - Buffer - Reserve
Project Procurement Management
23. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Plan Quality
Team Building Activities
Additional Risk Response Planning
Project Communications Management
24. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Deliverable
Documentation Reviews
Inspection
Quality Audit
25. Describes how risk management will be structured and performed on the project.
Scope baseline
Risk Management Plan
Work Breakdown Structure (WBS)
Decomposition
26. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Perform Quantitative Risk Analysis
Project Scope Management
Project Communications Management
Lead
27. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Trend Analysis
Fast Tracking
Verify Scope
Close procurements
28. 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
Bottom-up Estimating
Define Scope
Control Charts
Deliverable
29. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo
Control Charts
Resource Pool Descriptions
Configuration Management System
Work Authorization System
30. 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.
Tolerances vs. Control limits
Project Closeout
Risk management policies
Projectized Organization
31. 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
Procurement resources
Project Planning Methodology
Procurement file
Inspection
32. 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.
Develop Schedule
Procurement Statements of Work (SOW)
Product Analysis
Contingency - Buffer - Reserve
33. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start
Precedence Relationships
Procurement performance reviews
Projectized Organization
Resource Leveling
34. 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
Perform Quality Control
Perform Quantitative Risk Analysis
Control Account
35. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Quantitatively based durations
Corrective Action
Project Procurement Management
Team Development
36. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.
Fast Tracking
Probability and impact matrix
Project Planning Methodology
Transference
37. 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
Mitigation
Matrix Organization
Critical Path Methodology (CPM)
Distribute Information
38. 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
Prototypes
Analogous Estimating / Top-down
Constraints
Risk Categories
39. 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.
Workaround plans
Prioritized list of quantified risks
Identify Stakeholders
Revised Cost Estimates
40. 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 Charter
Responsibility Assignment Matrix (RAM)
Project Communications Management
Trend Analysis
41. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative
Brainstorming
Administer procurements
Triggers
Regulation
42. Considers the characteristics of those prospective staff who are available to join the project team.
Code of Accounts
Staffing Pool Description
Mathematical Analysis
Prototypes
43. Probability that a risk will occur.
Manage Stakeholder
Conditional Diagramming Methods
Risk probability
Plan Procurements
44. Effect on project objectives if the risk event occurs.
Risk Consequences
Fast Tracking
Design of Experiments (DOE)
Constraints
45. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.
Estimate Activity Durations
Program Evaluation and Review Technique (PERT)
Constraints
Project Team Directory
46. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Procurement performance reviews
Cost-reimbursable contracts
Fixed- price contracts
Risk
47. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Observations
Cost Management Plan
External Dependencies
Technical performance measurement
48. 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.
Revised Cost Estimates
Communications management plan
Bidder Conferences
Quality Improvement
49. Project team must measure itself periodically against the expectations of those outside the project.
External Feedback
Team Building Activities
Initiation
Group Decision Making Techniques
50. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.
Technical performance measurement
Work Results
Critical Path Method
Communications management plan