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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. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Expert Judgment
Control Costs
Grade
Scope Change Control System
2. 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
Documentation Reviews
Project Team Directory
Flowcharts
Process Adjustments
3. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si
Perform Quantitative Risk Analysis
Work Authorization System
Matrix Organization
Direct costs
4. 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
Quality Improvement
Free Float
Resource Calendar
Perform Qualitative Risk Analysis
5. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope
Scope Management Plan
Project Life Cycle
Requirements Management Plan
Plan Procurements
6. Generally used when considerations like technical approach and technical skills are paramount in source selection
Critical Path Method
Proposal
Quality Audit
Independent estimates
7. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Organizational Policies
Subproject
Stakeholder Analysis
Direct costs
8. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Control Account
Training
Risk Register
Benchmarking
9. 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.
Additional Risk Response Planning
Inspection
Control Costs
Close procurements
10. 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
Staffing Requirements
Program Evaluation and Review Technique (PERT)
Critical Path Methodology (CPM)
Scope Statement
11. 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.
Quality Improvement
Communications management plan
Product description
Analogous Estimating (top-down)
12. Describes the need - justification - requirements - and current boundaries for the project.
Quality Policy
Additional Risk Response Planning
Scope baseline
Subproject
13. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Graphical Evaluation and Review Technique (GERT)
Report Performance
Focus groups
Project Schedule Network Diagrams
14. 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
Mitigation
Work Breakdown Structure (WBS)
Resource Leveling
Stakeholder Analysis
15. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Decision Tree
Expert Judgment
Project Schedule
Source Selection Criteria
16. 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
Requirements Traceability Matrix
Bid / quotation
Team Building Activities
Analogous Estimating / Top-down
17. Determining which risks may affect the project and documenting their characteristics.
Identify Risks
Assumptions
Project Quality Management
Risk Consequences
18. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
External Feedback
Develop Human Resource Plan
Root Cause Analysis
Project Management
19. 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
Resource Leveling
Project Team Directory
Project Schedule
20. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Indirect costs / Overhead costs
Project Integration Management
Lead
Code of Accounts
21. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Plan Procurements
Proposals
Project Communications Management
Change Control System
22. Processes and procedures developed for the closing or canceling of projects.
Revised Cost Estimates
Earned Value Analysis
Contract Change Control System
Inspection
23. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.
Project Risk Management
Identify Stakeholders
Project Integration Management
Forecasting
24. Subdivision of project deliverables into smaller - more manageable components
Decomposition
Risk probability
Free Float
Training
25. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Organization Chart
Project Communications Management
Probability and impact matrix
Corrective Action
26. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Avoidance
Project Plan
Corrective Action
Contract
27. 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
System or Process
Cost Management Plan
Functional Organization
Precedence Relationships
28. 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.
Training
Work Authorization System
Bottom-up Estimating
Distribute Information
29. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co
Change Requests
Close procurements
Subproject
Stakeholder register
30. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.
Training
Program Evaluation and Review Technique (PERT)
To-Complete Performance Index (TCPI)
Perform Qualitative Risk Analysis
31. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Scope Change Control System
Conduct Procurements
Cost-reimbursable contracts
Prioritized list of quantified risks
32. 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.
Triggers
Stakeholder Analysis
Project Schedule
Project Human Resource Management
33. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Contract
External Dependencies
Project Files
Direct costs
34. 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
Plan Quality
Quality Audit
Responsibility Assignment Matrix (RAM)
Configuration Management System
35. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Phase Exits/ Stage Gates/ Kill Points
Communications Technology
Quality Management Plan
Tolerances vs. Control limits
36. 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.
Coding Structure
Monitor and Control Risks
Flowcharts
Performance Reviews
37. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Organization Breakdown Structure
Procurement audits
Project Management
Mandatory Dependencies (or Hard Logic)
38. 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.
Communications Technology
Acceptance
Risk Register
Life Cycle Costing
39. Effect on project objectives if the risk event occurs.
Critical Path Methodology (CPM)
Independent estimates
Risk Consequences
Communication Requirements Analysis
40. 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.
Independent estimates
Project Integration Management
Secondary Risks
Work Results
41. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Transference
Administer procurements
Precedence Relationships
Quality Improvement
42. Terms used when the source selection decision will be based on price
Cost Management Plan
Bid / quotation
Independent estimates
Procurement file
43. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to
Bottom-up Estimating
Contingency - Buffer - Reserve
Work Authorization System
Decision Tree
44. The process of determining project stakeholders' information needs and defining a communication approach.
Plan Communications
Project Integration Management
Conditional Diagramming Methods
Training
45. Special category of revised cost estimates to an approved cost baseline.
Project Files
Process Adjustments
Expert Judgment
Prevention vs. Inspections
46. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Develop Schedule
Perform Qualitative Risk Analysis
Earned Value Analysis
Parametric Estimating
47. 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
Functional Organization
Status Review Meetings
Checklists
Rework
48. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Rework
Matrix Organization
Plan Risk Responses
Statistical Sampling
49. 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
Organization Chart
Project Quality Management
Risk Categories
Project Schedule
50. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Control Scope
Constraints
Control Costs
Deliverable