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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. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Bottom-up Estimating
Observations
Interviews
Project Management
2. 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
Fixed- price contracts
Phase Exits/ Stage Gates/ Kill Points
Project Schedule Network Diagrams
Project Cost Management
3. Changing the project management plan to eliminate the threat entirely.
Communications Technology
Avoidance
Team Building Activities
Manage Stakeholder
4. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
External Dependencies
Make-or-buy analysis
Residual Risks
Formal acceptance and closure
5. Modifications to the cost estimation prepared for the project
Group Creativity Techniques
Estimate to Complete (ETC)
Revised Cost Estimates
Perform Quality Control
6. Documents how requirements will be analyzed - documented - and managed throughout the project
Brainstorming
Project Life Cycle
Rework
Requirements Management Plan
7. Subdivision of project deliverables into smaller - more manageable components
Decomposition
Project Communications Management
Estimate Activity Durations
Manage Stakeholder
8. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Mandatory Dependencies (or Hard Logic)
Lead
Contract
Responsibility Assignment Matrix (RAM)
9. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje
Project Communications Management
Constraints
Estimate Activity Resources
Team Development
10. A project is a temporary endeavor undertaken to create a unique product - service - or result
Project Risk Management
Project
Matrix Organization
Lessons Learned
11. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Risk Register
Buyer-Seller relationship
Project Schedule
Determine Budget
12. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.
Organizational Policies
Subproject
Team Development
Risk
13. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Project Selection Methods
Project Management Information Systems (PMIS)
Direct costs
Probabilistic Analysis of the project
14. 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
Make-or-buy analysis
Fast Tracking
Group Decision Making Techniques
15. Generally used when considerations like technical approach and technical skills are paramount in source selection
Trend Analysis
Probability and impact matrix
Similarities between Operations and Projects
Proposal
16. Any numbering system used to uniquely identify each component of the work breakdown structure.
Project Quality Management
Quality Policy
Attribute Sampling vs. Variables Sampling
Triggers
17. Describes the need - justification - requirements - and current boundaries for the project.
Matrix Organization
Project Charter
Scope baseline
Mathematical Analysis
18. Terms used when the source selection decision will be based on price
Decomposition
Lag
Control Scope
Bid / quotation
19. Used to rate or score seller proposals
Source Selection Criteria
Resource Pool Descriptions
Trend Analysis
Risk Categories
20. Process of formalizing acceptance of the completed project deliverables
Flowcharts
To-Complete Performance Index (TCPI)
Verify Scope
Risk Register
21. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.
Fixed- price contracts
Secondary Risks
Pareto Diagram/ Chart
Perform Qualitative Risk Analysis
22. 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.
Acquire Project Team
Communication Requirements Analysis
Acceptance
Plan Risk Responses
23. 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
Cost Management Plan
Benchmarking
Expert Judgment
Procurement resources
24. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Project Integration Management
Root Cause Analysis
Control Schedule
Resource Pool Descriptions
25. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Resource Pool Descriptions
Independent estimates
Total Float
Resource Leveling
26. Used to solicit proposals from prospective sellers
Project Management Information Systems (PMIS)
Brainstorming
Constraints
Procurement Documents
27. 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
Perform Quantitative Risk Analysis
Probability and impact matrix
System or Process
28. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Estimate Activity Durations
Simulation
Inspection
Staffing Pool Description
29. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Acquire Project Team
Bid / quotation
Probabilistic Analysis of the project
Simulation
30. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Technical performance measurement
Schedule Compression
Project Risk Management
Mitigation
31. Probability that a risk will occur.
Data Precision Ranking
Risk probability
Mitigation
Crashing
32. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Deliverable
Scope Statement
Life Cycle Costing
Staffing Pool Description
33. Records of previous project results that can be used to identify risks.
Prototypes
Procurement file
Project Schedule
Project Files
34. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.
Project Procurement Management
Quality
Avoidance
Quality Metrics
35. 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.
Product Description
Total Float
Responsibility Assignment Matrix (RAM)
Independent estimates
36. Risks that arise as a direct result of implementing a risk response.
Schedule updates
Activity List
Recruitment Practices
Secondary Risks
37. 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
Facilitated Workshops
Simulation
Procurement audits
Total Float
38. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o
Analogous Estimating / Top-down
Time and Material (T&M) Contracts
External Dependencies
Resource Pool Descriptions
39. 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
Scope baseline
Crashing
Scope Statement
Program Evaluation and Review Technique (PERT)
40. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Quality Management Plan
Simulation
Fast Tracking
Project Management
41. 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
Flowcharts
Cost Performance Baseline
Constraints
Develop Human Resource Plan
42. 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
Triggers
Plan Communications
Decision Tree
43. 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
Cost-reimbursable contracts
Develop Human Resource Plan
Constraints
Quality Assurance
44. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Responsibility Assignment Matrix (RAM)
Team Building Activities
Training
Information Distribution Methods
45. Technologies or methods to transfer information among project stakeholders.
Performance Reviews
Contract
Communications Technology
Work Authorization System
46. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Code of Accounts
Checklists
Process Adjustments
Mathematical Analysis
47. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Root Cause Analysis
Process Adjustments
Project Cost Management
Product Description
48. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Project
Prototypes
Project Scope Management
Quality Metrics
49. 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
Code of Accounts
Risk Management Plan
Expert Judgment
Time and Material (T&M) Contracts
50. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Focus groups
Documentation Reviews
Procurement audits
Contingency - Buffer - Reserve