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. 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.
Proposal
Change Requests
Technical performance measurement
Indirect costs / Overhead costs
2. A project is a temporary endeavor undertaken to create a unique product - service - or result
Project Cost Management
Secondary Risks
Project Closeout
Project
3. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Project Cost Management
Project Files
Earned Value Analysis
Perform Qualitative Risk Analysis
4. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Matrix Organization
Deliverable
Control Costs
Conditional Diagramming Methods
5. A table that links requirements to their origin and traces them throughout the project life cycle
Constraints
Requirements Traceability Matrix
Independent estimates
Interviews
6. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Assumptions
Plan Risk Management
Training
Configuration Management System
7. 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
Project Quality Management
Resource Calendar
Configuration Management System
Procurement audits
8. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.
Project Portfolio Management
Triggers
Inspection
Organization Breakdown Structure
9. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Probabilistic Analysis of the project
Facilitated Workshops
Monitor and Control Risks
Workaround plans
10. 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
Analogous Estimating (top-down)
Checklists
Monitor and Control Risks
Stakeholder register
11. 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
Bid / quotation
Buyer-Seller relationship
Project Management
Project Scope Management
12. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Quality Metrics
Initiation
Attribute Sampling vs. Variables Sampling
Information Distribution Methods
13. Features or services that characterize a product - result - or service
Work Results
Product Scope
Plan Quality
Plan Risk Management
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.
Flowcharts
Information Distribution Methods
Schedule Compression
Attribute Sampling vs. Variables Sampling
15. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Performance Reviews
Plan Procurements
Workaround plans
Residual Risks
16. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Plan Risk Responses
Corrective Action
Procurement negotiations
Workaround plans
17. 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.
Performance Reports
Change Control System
Similarities between Operations and Projects
Rework
18. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w
Communication Requirements Analysis
Regulation
Buyer-Seller relationship
Program Evaluation and Review Technique (PERT)
19. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Stakeholder register
Cost-reimbursable contracts
Coding Structure
Requirements Documentation
20. Any numbering system used to uniquely identify each component of the work breakdown structure.
Proposal
Code of Accounts
Formal acceptance and closure
Assumptions Analysis
21. 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
Bottom-up Estimating
Project Procurement Management
Estimate to Complete (ETC)
Procurement resources
22. 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
Quality Assurance
Program Evaluation and Review Technique (PERT)
Quantitatively based durations
Project Communications Management
23. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Projectized Organization
Proposals
Estimate Activity Resources
Project Portfolio Management
24. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe
Resource Pool Descriptions
Procurement audits
Program
Determine Budget
25. 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.
Quantitatively based durations
Acceptance
Schedule Baseline
Facilitated Workshops
26. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Inspection
Prevention vs. Inspections
Develop Schedule
Estimate Activity Resources
27. 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.
Monitor and Control Risks
Control Costs
Proposal
Performance Reviews
28. The policies - guidelines - or procedures that govern the recruitment of staff.
Recruitment Practices
Training
Qualified seller lists
Precedence Relationships
29. 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.
Analogous Estimating / Top-down
Acceptance
Risk
Corrective Action
30. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Project Management
Inspection
Perform Quantitative Risk Analysis
Mathematical Analysis
31. 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.
Initiation
Free Float
Work Authorization System
Project Human Resource Management
32. 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
Estimate to Complete (ETC)
Configuration Management System
Mitigation
Verify Scope
33. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Monitor and Control Risks
Project Stakeholders
Simulation
Project Assumption Testing
34. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Probability and impact matrix
Control Costs
Estimate Activity Durations
Tolerances vs. Control limits
35. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Technical performance measurement
Residual Risks
Acquire Project Team
Bottom-up Estimating
36. 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
Lessons Learned
Manage Stakeholder
Project Charter
Quantitatively based durations
37. Any modification to the agreed upon project scope as defined by the approved WBS
System or Process
Scope Changes
Product Scope
Status Review Meetings
38. Process of obtaining seller responses - selecting a seller - and awarding a contract
Project Selection Methods
Conduct Procurements
Brainstorming
Project Integration Management
39. Quantities to be performed for each specific category - and can be used to estimate activity durations
Quantitatively based durations
Project Risk Management
Collocation
Triggers
40. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Inspection
Estimate Activity Durations
Formal acceptance and closure
Project Procurement Management
41. 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
Quality
Precedence Relationships
Simulation
Organization Breakdown Structure
42. Methods used to distribute information to team members and other stakeholders.
Cost Management Plan
Information Distribution Methods
Sequence Activities
Procurement resources
43. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Rework
Risk Consequences
Determine Budget
Prevention vs. Inspections
44. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Focus groups
Fast Tracking
Project Procurement Management
Decision Tree
45. Factors that - for planning purposes - will be considered true - real or certain.
Conditional Diagramming Methods
Contract
Product description
Assumptions
46. Project team must measure itself periodically against the expectations of those outside the project.
Acquire Project Team
Analogous Estimating (top-down)
External Feedback
Risk Management Plan
47. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Procurement Management Plan
Define Activities
Identify Stakeholders
Project Planning Methodology
48. 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.
Group Decision Making Techniques
Differences between Operations and Project
Scope Changes
Mitigation
49. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r
Project Risk Management
System or Process
Quality Metrics
Re-baselining
50. 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 Quality Management
Stakeholder Analysis
Project Stakeholders
Schedule Baseline