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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 of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Develop Schedule
Work Results
Communication Requirements Analysis
Bottom-up Estimating
2. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Phase Exits/ Stage Gates/ Kill Points
Cost-reimbursable contracts
Precedence Relationships
Budget Updates
3. 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
Project Team Directory
Report Performance
Earned Value Analysis
4. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Bid / quotation
Control Account
Make-or-buy analysis
Prototypes
5. 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.
Procurement file
Corrective Action
Functional Organization
Performance Reviews
6. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.
Performance Reviews
Residual Risks
Requirements Management Plan
Critical Path Method
7. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.
Resource Pool Descriptions
Bidder Conferences
To-Complete Performance Index (TCPI)
Direct costs
8. The process of determining project stakeholders' information needs and defining a communication approach.
Re-baselining
Develop Human Resource Plan
Plan Communications
Analogous Estimating (top-down)
9. Process of defining how to conduct risk management activities for a project.
Process Adjustments
Project Human Resource Management
Monitor and Control Risks
Plan Risk Management
10. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Risk probability
Observations
Procurement file
Templates
11. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Scope Changes
Risk
Checklists
Prevention vs. Inspections
12. Process of developing a detailed description of the project and product
Budget Updates
To-Complete Performance Index (TCPI)
Scope Management Plan
Define Scope
13. 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.
Focus groups
Collocation
Assumptions Analysis
Grade
14. A documented list of project team members - their project roles - and communication information.
Project Team Directory
Organizational Policies
Inspection
Stakeholder register
15. Records of previous project results that can be used to identify risks.
Project Files
Templates
Graphical Evaluation and Review Technique (GERT)
Independent estimates
16. 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.
Cost Management Plan
Work Results
Quality Management Plan
Rework
17. Factors which - for planning purposes - are considered to be true - real or certain.
Procurement performance reviews
Assumptions
Define Activities
Stakeholder Analysis
18. 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.
Assumptions Analysis
Recruitment Practices
Communications management plan
Proposal
19. 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
Responsibility Assignment Matrix (RAM)
Quality Improvement
Develop Human Resource Plan
Phase Exits/ Stage Gates/ Kill Points
20. 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.
Fixed- price contracts
Data Precision Ranking
Performance Reports
Forecasting
21. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Project Human Resource Management
Lag
Procurement Statements of Work (SOW)
Benchmarking
22. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Root Cause Analysis
Quantitatively based durations
Work Results
Projectized Organization
23. Process of formalizing acceptance of the completed project deliverables
Team Building Activities
Focus groups
Corrective Action
Verify Scope
24. Collection of generally sequential project phases.
Control Schedule
Checklists
Project Life Cycle
Project
25. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Interviews
Resource Pool Descriptions
Project Management Information Systems (PMIS)
Life Cycle Costing
26. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg
Corrective Action
Checklists
Cost Performance Baseline
Conditional Diagramming Methods
27. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Critical Path Method
Revised Cost Estimates
Product Description
Plan Risk Management
28. 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
Source Selection Criteria
Precedence Relationships
Mandatory Dependencies (or Hard Logic)
Estimate Costs
29. Any modification to the contents of the project plan or the supporting details.
Tolerances vs. Control limits
Project Plan Updates
Earned Value Analysis
Lessons Learned
30. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Project Records
Probabilistic Analysis of the project
Cost-reimbursable contracts
Estimate to Complete (ETC)
31. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Life Cycle Costing
Technical performance measurement
Project Selection Methods
Decomposition
32. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Residual Risks
Schedule Baseline
Estimate Costs
Staffing Requirements
33. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative
Brainstorming
Cost-reimbursable contracts
Team Development
Status Review Meetings
34. 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.
Estimate at Completion (EAC)
Schedule updates
Project Time Management
Work Breakdown Structure (WBS)
35. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Graphical Evaluation and Review Technique (GERT)
Qualified seller lists
Organizational Policies
Procurement file
36. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Organization Breakdown Structure
Monitor and Control Risks
Estimate Activity Resources
Cost-reimbursable contracts
37. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Forecasting
Procurement file
Scope baseline
Quality Policy
38. 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
Monitor and Control Risks
Acquire Project Team
Requirements Management Plan
39. 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.
External Dependencies
Mitigation
Acceptance
Project Life Cycle
40. Charts that are used to show positions and relationships in a graphical format.
Organization Chart
Resource Calendar
Trend Analysis
Project Plan
41. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Project Assumption Testing
Risk Management Plan
Facilitated Workshops
Statistical Sampling
42. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Requirements Traceability Matrix
Project Closeout
Mathematical Analysis
Project Communications Management
43. A modification of a logical relationship that directs a delay in the successor activity.
Lead
Lag
Crashing
Constraints
44. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Constraints
Procurement Documents
Mathematical Analysis
Free Float
45. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning
Human Resource Practices
Earned Value Analysis
Product description
Control Costs
46. 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 Statement
Scope Management Plan
Project Quality Management
Program
47. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Fast Tracking
Team Building Activities
Procurement Documents
Acquire Project Team
48. A formal or informal approach to obtain information from stakeholders by talking to them directly
Interviews
Verify Scope
Project Schedule
Probability and impact matrix
49. Involves developing a better understanding of the product of the project
Inspection
Mathematical Analysis
Observations
Product Analysis
50. 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.
Project Communications Management
Differences between Operations and Project
Sensitivity Analysis
External Dependencies