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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. Factors that limit a buyer's options. E.g. - funds availability
Project Life Cycle
Constraints
Bottom-up Estimating
Critical Path Method
2. The work that must be done to deliver a product with the specified features and functions
Plan Risk Management
Quality
Project Scope
Project Schedule Network Diagrams
3. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Program Evaluation and Review Technique (PERT)
Parametric Estimating
Project Selection Methods
Project Human Resource Management
4. Factors which - for planning purposes - are considered to be true - real or certain.
Cost-reimbursable contracts
Determine Budget
Assumptions Analysis
Assumptions
5. 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.
Risk management policies
Develop Human Resource Plan
Triggers
Change Control System
6. 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.
Conduct Procurements
Contingency - Buffer - Reserve
Procurement performance reviews
Independent estimates
7. 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
Checklists
Project Scope Management
Constraints
Quantitatively based durations
8. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -
System or Process
Assumptions
Checklists
Qualified seller lists
9. A requirement imposed by a governmental body and its compliance is mandatory.
Fast Tracking
Develop Human Resource Plan
Distribute Information
Regulation
10. 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
Design of Experiments (DOE)
Schedule Compression
Performance Reviews
11. 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
Change Requests
Project Closeout
Root Cause Analysis
Define Activities
12. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers
Qualified seller lists
Quality Assurance
Performance Reports
Corrective Action
13. Any numbering system used to uniquely identify each component of the work breakdown structure.
Code of Accounts
Change Control System
Plan Procurements
System or Process
14. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans
Schedule updates
Mandatory Dependencies (or Hard Logic)
Project Planning Methodology
Similarities between Operations and Projects
15. 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
Data Precision Ranking
Procurement resources
Bidder Conferences
Decision Tree
16. Includes the processes that organize - manage - and lead the project team.
Initiation
Project Human Resource Management
Procurement Management Plan
Project Portfolio Management
17. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Contingency - Buffer - Reserve
Resource Leveling
Code of Accounts
Estimate Activity Durations
18. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Control Account
Estimate Activity Durations
Observations
Status Review Meetings
19. Considers the characteristics of those prospective staff who are available to join the project team.
Status Review Meetings
Staffing Pool Description
Performance Reports
Recruitment Practices
20. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Process Adjustments
Conditional Diagramming Methods
Human Resource Practices
Team Development
21. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.
Constraints
Plan Quality
Project Management Information Systems (PMIS)
Simulation
22. 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
Projectized Organization
Control Charts
Lessons Learned
Group Decision Making Techniques
23. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.
Technical performance measurement
Attribute Sampling vs. Variables Sampling
Sub Network / Fragment Network
Project Procurement Management
24. Terms used when the source selection decision will be based on price
Identify Stakeholders
Bid / quotation
Decision Tree
Plan Quality
25. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Documentation Reviews
Define Scope
Deliverable
Communication Requirements Analysis
26. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
External Dependencies
Program
Training
Rework
27. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Documentation Reviews
Organization Chart
Formal acceptance and closure
Corrective Action
28. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Documentation Reviews
Requirements Documentation
Procurement Statements of Work (SOW)
Initiation
29. Process of defining and documenting stakeholders' needs to meet the project objectives
Probabilistic Analysis of the project
Assumptions
Collect Requirements
Project Risk Management
30. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Control Scope
Estimate Activity Durations
Procurement resources
Facilitated Workshops
31. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Control Costs
Constraints
Determine Budget
Stakeholder register
32. Project team must measure itself periodically against the expectations of those outside the project.
Status Review Meetings
External Feedback
Design of Experiments (DOE)
Estimate at Completion (EAC)
33. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Project Cost Management
Plan Risk Responses
Coding Structure
Project Files
34. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Fast Tracking
Estimate Activity Durations
Stakeholder register
Constraints
35. 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
Scope Changes
Team Development
Indirect costs / Overhead costs
Procurement Management Plan
36. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Interviews
Project Integration Management
Procurement file
Forecasting
37. Modifications to the cost estimation prepared for the project
Secondary Risks
Project Time Management
Buyer-Seller relationship
Revised Cost Estimates
38. Describes how individual requirements meet the business need for the project.
Expert Judgment
Procurement performance reviews
Requirements Documentation
Resource Pool Descriptions
39. 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
Process Adjustments
Project Risk Management
Project Selection Methods
40. The policies - guidelines - or procedures that govern the recruitment of staff.
Simulation
Recruitment Practices
Estimate Activity Resources
Proposals
41. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Group Decision Making Techniques
Project Risk Management
Change Control System
Grade
42. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Product description
Constraints
Project Procurement Management
Subproject
43. 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
Risk Database
Project Schedule Network Diagrams
Estimate Activity Durations
Direct costs
44. 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.
Life Cycle Costing
Sensitivity Analysis
Risk
Make-or-buy analysis
45. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Organization Breakdown Structure
Collect Requirements
Prioritized list of quantified risks
46. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Observations
Estimate at Completion (EAC)
Procurement negotiations
Indirect costs / Overhead costs
47. 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
Procurement audits
Lag
Project Human Resource Management
Procurement Statements of Work (SOW)
48. 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.
Plan Quality
Performance Reports
Administer procurements
Probabilistic Analysis of the project
49. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Quality Improvement
Close procurements
Sub Network / Fragment Network
Change Requests
50. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Project Files
Report Performance
Program Evaluation and Review Technique (PERT)
Training