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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. Features or services that characterize a product - result - or service
Product Scope
Human Resource Practices
Inspection
Schedule Compression
2. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson
Project Charter
Focus groups
Risk Database
Project Files
3. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.
Procurement audits
Perform Quantitative Risk Analysis
Checklists
Make-or-buy analysis
4. 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.
Risk Management Plan
Constraints
Plan Risk Responses
Plan Procurements
5. 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.
Critical Path Method
Flowcharts
Risk Register
Schedule Baseline
6. 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
Observations
Cost-reimbursable contracts
Project Records
Root Cause Analysis
7. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Constraints
Simulation
Critical Path Methodology (CPM)
Risk
8. 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.
Re-baselining
Secondary Risks
Quality
Independent estimates
9. Collection of generally sequential project phases.
Project Life Cycle
Project Plan
Control Charts
Plan Procurements
10. Records of previous project results that can be used to identify risks.
Inspection
Project Files
Control Account
Contract
11. 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.
Prototypes
Identify Stakeholders
Risk
Quality Management Plan
12. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.
Scope Change Control System
Distribute Information
Estimate Activity Resources
Quality Management Plan
13. 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
Focus groups
Stakeholder register
Quality Management Plan
14. 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 Closeout
Assumptions
Initiation
Responsibility Assignment Matrix (RAM)
15. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Work Results
Project Procurement Management
Organizational Policies
Project Cost Management
16. Special category of revised cost estimates to an approved cost baseline.
Triggers
Information Distribution Methods
Budget Updates
Differences between Operations and Project
17. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Revised Cost Estimates
Project Charter
Project Files
Project Planning Methodology
18. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Statistical Sampling
Estimate Activity Durations
Plan Quality
To-Complete Performance Index (TCPI)
19. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.
Mitigation
Project Risk Management
Buyer-Seller relationship
Mandatory Dependencies (or Hard Logic)
20. 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
Bidder Conferences
Lag
Project Stakeholders
Plan Quality
21. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.
Direct costs
Assumptions Analysis
Manage Stakeholder
Estimate Costs
22. 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 Life Cycle
Precedence Relationships
Triggers
Corrective Action
23. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Control Charts
Administer procurements
Contract
Staffing Requirements
24. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Scope Statement
Project Procurement Management
Proposal
Risk probability
25. Any numbering system used to uniquely identify each component of the work breakdown structure.
Tolerances vs. Control limits
Quality Policy
Subproject
Control Charts
26. A requirement imposed by a governmental body and its compliance is mandatory.
Sub Network / Fragment Network
Project Procurement Management
Scope Statement
Regulation
27. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Flowcharts
Performance Reports
Constraints
Quality Metrics
28. 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
Revised Cost Estimates
Sensitivity Analysis
Group Creativity Techniques
Status Review Meetings
29. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.
Budget Updates
Independent estimates
Constraints
Project Quality Management
30. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Re-baselining
Risk Categories
Verify Scope
Time and Material (T&M) Contracts
31. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Differences between Operations and Project
Group Decision Making Techniques
Risk Categories
32. Project team must measure itself periodically against the expectations of those outside the project.
Project Plan Updates
Decision Tree
External Feedback
Independent estimates
33. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Fixed- price contracts
Status Review Meetings
Group Creativity Techniques
Communication Requirements Analysis
34. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte
Bidder Conferences
Crashing
Risk
Plan Risk Management
35. 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
Subproject
Project
Stakeholder Analysis
Estimate to Complete (ETC)
36. 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
Data Precision Ranking
Graphical Evaluation and Review Technique (GERT)
Resource Calendar
Project Schedule Network Diagrams
37. 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.
Cost Performance Baseline
Program Evaluation and Review Technique (PERT)
Risk
Quality Audit
38. Meetings held to assess project status and/or progress.
Project Plan Updates
Resource Leveling
Performance Reviews
Project Schedule
39. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.
Plan Quality
Monitor and Control Risks
Rework
Control Account
40. Involves setting a fixed total price for a defined product or service to be provided.
Fixed- price contracts
Schedule updates
Total Float
Requirements Documentation
41. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Assumption Testing
Sequence Activities
Project Management
Project Schedule
42. Process of defining and documenting stakeholders' needs to meet the project objectives
Acquire Project Team
Project Cost Management
Change Control System
Collect Requirements
43. 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.
Manage Stakeholder
Group Creativity Techniques
Project Plan
Project Procurement Management
44. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Project Communications Management
Attribute Sampling vs. Variables Sampling
Procurement Management Plan
Coding Structure
45. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Project Management Information Systems (PMIS)
Estimate to Complete (ETC)
Assumptions Analysis
Crashing
46. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.
Risk Audits
Project Records
Proposal
Assumptions
47. Processes and procedures developed for the closing or canceling of projects.
Conditional Diagramming Methods
Technical performance measurement
Project Closeout
Probability and impact matrix
48. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Project Cost Management
Coding Structure
Project Team Directory
Mitigation
49. 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
Statistical Sampling
Procurement resources
Project Communications Management
Corrective Action
50. 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
Identify Stakeholders
Graphical Evaluation and Review Technique (GERT)
Time and Material (T&M) Contracts
Checklists