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CAPM
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Subjects
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certifications
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capm
Instructions:
Answer 50 questions in 15 minutes.
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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. 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
Interviews
Simulation
Decomposition
Pareto Diagram/ Chart
2. 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
Critical Path Methodology (CPM)
Bid / quotation
Benchmarking
Administer procurements
3. 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.
Estimate to Complete (ETC)
Additional Risk Response Planning
Requirements Management Plan
Prioritized list of quantified risks
4. Any numbering system used to uniquely identify each component of the work breakdown structure.
Quality Policy
Probabilistic Analysis of the project
Re-baselining
Identify Risks
5. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Coding Structure
Communication Requirements Analysis
Communications Technology
Quality Metrics
6. Used to solicit proposals from prospective sellers
Decomposition
Change Requests
Documentation Reviews
Procurement Documents
7. 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.
Benchmarking
Requirements Management Plan
Life Cycle Costing
Work Authorization System
8. 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.
Forecasting
Attribute Sampling vs. Variables Sampling
Project Management Information Systems (PMIS)
Cost-reimbursable contracts
9. 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
Project Quality Management
Resource Pool Descriptions
Administer procurements
External Dependencies
10. Describes the need - justification - requirements - and current boundaries for the project.
Data precision
Risk Categories
Technical performance measurement
Scope baseline
11. 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
Procurement negotiations
Statistical Sampling
Project Files
Phase Exits/ Stage Gates/ Kill Points
12. 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
Project Risk Management
Assumptions
Communications Technology
Procurement performance reviews
13. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Resource Calendar
Contract
Prioritized list of quantified risks
Data precision
14. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Statistical Sampling
Procurement performance reviews
Contract
Control Costs
15. 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
Work Authorization System
Close procurements
Project Integration Management
16. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform
Project Cost Management
Quality Policy
Analogous Estimating (top-down)
Inspection
17. 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.
Team Building Activities
Additional Risk Response Planning
Staffing Pool Description
Work Breakdown Structure (WBS)
18. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Attribute Sampling vs. Variables Sampling
Project Plan
Project Procurement Management
Project Assumption Testing
19. 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
Free Float
Product Analysis
Make-or-buy analysis
Checklists
20. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Total Float
Performance Reviews
Develop Schedule
Projectized Organization
21. 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.
Fast Tracking
Constraints
Activity List
Sequence Activities
22. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Monitor and Control Risks
Deliverable
Scope Change Control System
Project Records
23. Outcome of activities performed to accomplish the project.
Training
Work Results
External Dependencies
Probabilistic Analysis of the project
24. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Perform Quantitative Risk Analysis
Code of Accounts
Assumptions
Control Scope
25. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Inspection
Avoidance
Work Results
Benchmarking
26. 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
Quality Policy
Estimate Costs
Work Breakdown Structure (WBS)
Stakeholder Analysis
27. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Contingency - Buffer - Reserve
Initiation
Scope Statement
Residual Risks
28. Processes and procedures developed for the closing or canceling of projects.
Procurement Statements of Work (SOW)
Inspection
Technical performance measurement
Perform Quantitative Risk Analysis
29. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Grade
Resource Leveling
Control Costs
Status Review Meetings
30. 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.
Probability and impact matrix
Root Cause Analysis
Identify Stakeholders
Life Cycle Costing
31. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking
Resource Calendar
Product Description
Statistical Sampling
Fast Tracking
32. Subdivision of project deliverables into smaller - more manageable components
Decomposition
Corrective Action
Determine Budget
Requirements Traceability Matrix
33. 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.
Quality
Assumptions Analysis
Earned Value Analysis
Status Review Meetings
34. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v
Make-or-buy analysis
Sensitivity Analysis
Organization Chart
Code of Accounts
35. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Project Quality Management
Quality Audit
Observations
Plan Procurements
36. Any modification to the contents of the project plan or the supporting details.
Project Plan Updates
Procurement file
Direct costs
Cost Performance Baseline
37. 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.
Project Quality Management
Performance Reports
Project Scope Management
Quality Improvement
38. Any numbering system used to uniquely identify each component of the work breakdown structure.
Qualified seller lists
Code of Accounts
Templates
Constraints
39. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Resource Pool Descriptions
Change Control System
Observations
Mathematical Analysis
40. Special category of revised cost estimates to an approved cost baseline.
Coding Structure
Develop Human Resource Plan
Total Float
Budget Updates
41. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Forecasting
Human Resource Practices
Attribute Sampling vs. Variables Sampling
Procurement file
42. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.
Constraints
Sequence Activities
Indirect costs / Overhead costs
Project Management
43. 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
Parametric Estimating
Scope Change Control System
Project Procurement Management
Project Team Directory
44. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Product description
Requirements Management Plan
Analogous Estimating (top-down)
Control Account
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.
Acceptance
Project Planning Methodology
Project Files
Project Risk Management
46. 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
Product description
Time and Material (T&M) Contracts
Rework
Project Management
47. 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.
Develop Schedule
Project Closeout
Quality Management Plan
Flowcharts
48. Process of obtaining seller responses - selecting a seller - and awarding a contract
Additional Risk Response Planning
Conduct Procurements
Templates
Plan Communications
49. 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
Report Performance
Sensitivity Analysis
Verify Scope
To-Complete Performance Index (TCPI)
50. 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.
Earned Value Analysis
Human Resource Practices
Work Authorization System
Data precision
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