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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. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Direct costs
Grade
Corrective Action
Procurement Management Plan
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
Attribute Sampling vs. Variables Sampling
Total Float
Critical Path Methodology (CPM)
Manage Stakeholder
3. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Procurement audits
Cost-reimbursable contracts
Procurement Management Plan
Scope baseline
4. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.
Root Cause Analysis
Mitigation
Collocation
Estimate Activity Durations
5. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Contract
Estimate Activity Resources
Estimate Costs
Trend Analysis
6. 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.
Differences between Operations and Project
Grade
Assumptions Analysis
External Feedback
7. 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
Simulation
Critical Path Method
Decomposition
Parametric Estimating
8. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Quality Policy
Information Distribution Methods
Control Schedule
Staffing Requirements
9. Involves developing a better understanding of the product of the project
Statistical Sampling
Product Analysis
Project
Assumptions
10. 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
Code of Accounts
Corrective Action
Lead
Risk Categories
11. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Lead
Quality Metrics
Additional Risk Response Planning
Requirements Documentation
12. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Expert Judgment
Risk management policies
Project Scope Management
13. 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.
Budget Updates
Risk Register
Performance Reports
Quality Audit
14. 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.
Risk Management Plan
Contingency - Buffer - Reserve
Differences between Operations and Project
Change Requests
15. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Rework
Control Costs
Schedule Compression
Trend Analysis
16. Any modification to the contents of the project plan or the supporting details.
Project Plan Updates
Quality
Proposal
Scope Changes
17. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Pareto Diagram/ Chart
Quality Assurance
Workaround plans
Checklists
18. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Plan Procurements
Rework
Independent estimates
Time and Material (T&M) Contracts
19. 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
Configuration Management System
Source Selection Criteria
Procurement audits
Project Integration Management
20. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Management
Decision Tree
Quality Policy
Project Selection Methods
21. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Identify Stakeholders
Benchmarking
Documentation Reviews
Crashing
22. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the
Project Stakeholders
Configuration Management System
Recruitment Practices
Training
23. The policies - guidelines - or procedures that govern the recruitment of staff.
Project Files
Identify Risks
Recruitment Practices
Workaround plans
24. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Brainstorming
Plan Procurements
Control Scope
Change Control System
25. Approved modifications to the project schedule that are used to manage the project
Facilitated Workshops
Report Performance
Project Cost Management
Schedule updates
26. 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
Plan Quality
Analogous Estimating (top-down)
Risk Register
27. 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
Risk
Project Scope Management
Identify Risks
Budget Updates
28. Any numbering system used to uniquely identify each component of the work breakdown structure.
Organization Chart
Project Human Resource Management
Code of Accounts
Estimate Activity Durations
29. Modifications to the cost estimation prepared for the project
Revised Cost Estimates
Performance Reviews
Work Results
Budget Updates
30. 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 Risk Management
Monitor and Control Risks
Project Records
Change Requests
31. 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
Re-baselining
Precedence Relationships
Team Development
Differences between Operations and Project
32. Project team must measure itself periodically against the expectations of those outside the project.
External Feedback
Develop Human Resource Plan
Facilitated Workshops
Probability and impact matrix
33. 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.
Documentation Reviews
Source Selection Criteria
Procurement audits
Performance Reviews
34. Outcome of activities performed to accomplish the project.
Procurement negotiations
Work Results
Work Breakdown Structure (WBS)
Risk Audits
35. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Subproject
Flowcharts
Procurement Management Plan
Risk Audits
36. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Additional Risk Response Planning
Project Schedule
Plan Quality
Project Cost Management
37. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.
Scope Management Plan
Graphical Evaluation and Review Technique (GERT)
Work Breakdown Structure (WBS)
Group Creativity Techniques
38. Process of identifying the specific actions to be performed to produce the project deliverables.
Procurement negotiations
Define Activities
Resource Leveling
Scope baseline
39. It can include correspondence - memos - meeting minutes - and documents describing the project.
Project Records
Estimate Activity Resources
Tolerances vs. Control limits
Contract
40. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Grade
Project Scope
Project Team Directory
Collect Requirements
41. Processes and procedures developed for the closing or canceling of projects.
Inspection
Prototypes
Develop Human Resource Plan
Documentation Reviews
42. A modification of a logical relationship that directs a delay in the successor activity.
Lag
Sub Network / Fragment Network
Constraints
Project Risk Management
43. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.
Constraints
Organization Chart
Project Assumption Testing
Change Requests
44. Special category of revised cost estimates to an approved cost baseline.
Benchmarking
Status Review Meetings
Budget Updates
Interviews
45. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana
Project Communications Management
Observations
Data precision
Product Description
46. Any modification to the agreed upon project scope as defined by the approved WBS
Human Resource Practices
Scope Changes
Recruitment Practices
Manage Stakeholder
47. The process of determining project stakeholders' information needs and defining a communication approach.
Plan Communications
Root Cause Analysis
Prioritized list of quantified risks
Responsibility Assignment Matrix (RAM)
48. 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
Checklists
Plan Procurements
Additional Risk Response Planning
Procurement resources
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
Phase Exits/ Stage Gates/ Kill Points
Project Risk Management
Mitigation
Plan Quality
50. 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.
Contract Change Control System
Stakeholder Analysis
Project Cost Management
Quality Assurance