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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 expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Project Plan
Estimate to Complete (ETC)
Monitor and Control Risks
Documentation Reviews
2. 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
Probability and impact matrix
Prototypes
Crashing
Cost Performance Baseline
3. 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.
Workaround plans
Fast Tracking
Performance Reviews
Work Authorization System
4. Any numbering system used to uniquely identify each component of the work breakdown structure.
Critical Path Methodology (CPM)
Code of Accounts
Risk Categories
Resource Calendar
5. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Change Control System
Constraints
Templates
Project Files
6. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Risk Database
Constraints
Formal acceptance and closure
Trend Analysis
7. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Subproject
Control Scope
Cost Performance Baseline
Staffing Requirements
8. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Determine Budget
Direct costs
Scope Change Control System
Assumptions
9. 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.
Project Communications Management
Define Scope
Inspection
Contract Change Control System
10. 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 Planning Methodology
Project Quality Management
Program Evaluation and Review Technique (PERT)
Parametric Estimating
11. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe
Resource Calendar
Resource Pool Descriptions
External Dependencies
Communications management plan
12. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.
Perform Quantitative Risk Analysis
Project Records
Differences between Operations and Project
Administer procurements
13. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th
Functional Organization
Templates
Activity List
Estimate Costs
14. 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.
Assumptions
Risk management policies
Procurement negotiations
Attribute Sampling vs. Variables Sampling
15. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Technical performance measurement
Work Results
Resource Calendar
Documentation Reviews
16. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Work Results
To-Complete Performance Index (TCPI)
Control Charts
Corrective Action
17. Generally used when considerations like technical approach and technical skills are paramount in source selection
Risk Database
Project Time Management
Proposal
Control Schedule
18. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Bottom-up Estimating
Facilitated Workshops
Tolerances vs. Control limits
Risk management policies
19. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Risk
Attribute Sampling vs. Variables Sampling
Make-or-buy analysis
Risk Audits
20. Terms used when the source selection decision will be based on price
Bid / quotation
Focus groups
Source Selection Criteria
Workaround plans
21. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Sub Network / Fragment Network
Constraints
Plan Procurements
Responsibility Assignment Matrix (RAM)
22. Features or services that characterize a product - result - or service
Conditional Diagramming Methods
Product Scope
Project Integration Management
Procurement Management Plan
23. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Risk Consequences
Estimate Activity Resources
Project Cost Management
Work Authorization System
24. 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.
Proposals
Program
Critical Path Method
Define Activities
25. 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.
Verify Scope
Group Creativity Techniques
Similarities between Operations and Projects
Plan Risk Responses
26. 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
Quality Improvement
Root Cause Analysis
Fast Tracking
Program Evaluation and Review Technique (PERT)
27. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Analogous Estimating (top-down)
Project Files
Statistical Sampling
Observations
28. 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
Risk Categories
Constraints
Conduct Procurements
Benchmarking
29. Modifications to the cost estimation prepared for the project
Attribute Sampling vs. Variables Sampling
Perform Quality Control
Activity List
Monitor and Control Risks
30. Used to solicit proposals from prospective sellers
Procurement Documents
Project Cost Management
Distribute Information
Pareto Diagram/ Chart
31. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc
Training
Bottom-up Estimating
Requirements Management Plan
Critical Path Methodology (CPM)
32. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Independent estimates
Procurement Management Plan
Project Life Cycle
Conditional Diagramming Methods
33. 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.
Staffing Pool Description
Project Communications Management
Additional Risk Response Planning
Project Files
34. Allows for probabilistic treatment of both network logic and activity duration estimates
Risk probability
Graphical Evaluation and Review Technique (GERT)
Activity List
Project Charter
35. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.
Project Communications Management
Assumptions
Technical performance measurement
Work Breakdown Structure (WBS)
36. The work that must be done to deliver a product with the specified features and functions
Cost Management Plan
Estimate Activity Resources
Product Analysis
Project Scope
37. A documented list of project team members - their project roles - and communication information.
Project Selection Methods
Project Team Directory
Decomposition
Requirements Documentation
38. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Contract
Indirect costs / Overhead costs
Facilitated Workshops
Contract Change Control System
39. Used to rate or score seller proposals
Subproject
Program
Source Selection Criteria
Organization Breakdown Structure
40. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Cost Performance Baseline
Project Selection Methods
Lessons Learned
Training
41. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Workaround plans
Project Assumption Testing
Report Performance
Resource Leveling
42. Meetings held to assess project status and/or progress.
Earned Value Analysis
Performance Reviews
Risk probability
Collect Requirements
43. Any modification to the contents of the project plan or the supporting details.
Project Plan Updates
Contingency - Buffer - Reserve
Prototypes
Perform Quality Control
44. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Plan Quality
Identify Stakeholders
Transference
Project Communications Management
45. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Product Analysis
Simulation
Free Float
Mathematical Analysis
46. 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 Statements of Work (SOW)
Procurement file
To-Complete Performance Index (TCPI)
Proposals
47. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.
Identify Risks
Mathematical Analysis
Conduct Procurements
Prioritized list of quantified risks
48. 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
Re-baselining
Triggers
Formal acceptance and closure
49. Technique to evaluate the degree to which data about risks is useful for risk management.
Technical performance measurement
Define Scope
Data Precision Ranking
Project Communications Management
50. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Project Closeout
Corrective Action
Group Creativity Techniques
Workaround plans