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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. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Procurement Statements of Work (SOW)
Risk Audits
Buyer-Seller relationship
Make-or-buy analysis
2. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Subproject
Project Schedule Network Diagrams
Procurement file
Matrix Organization
3. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Distribute Information
Resource Pool Descriptions
Triggers
Risk probability
4. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Project Files
Assumptions
Risk
Technical performance measurement
5. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Plan Procurements
Collect Requirements
Simulation
Procurement resources
6. 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.
Lead
Plan Risk Responses
Scope baseline
Project Management Information Systems (PMIS)
7. 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
Decomposition
Plan Procurements
Change Control System
8. 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.
Group Creativity Techniques
Risk Audits
Risk probability
Product Analysis
9. Collection of generally sequential project phases.
Project Life Cycle
Grade
Earned Value Analysis
Schedule Baseline
10. 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.
Product Analysis
Identify Stakeholders
Perform Quantitative Risk Analysis
To-Complete Performance Index (TCPI)
11. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Decomposition
Contract
Activity List
12. Modifications to the cost estimation prepared for the project
Project Plan
Perform Quality Control
Procurement performance reviews
Cost Management Plan
13. A formal or informal approach to obtain information from stakeholders by talking to them directly
Benchmarking
Procurement Statements of Work (SOW)
Observations
Interviews
14. 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.
Procurement performance reviews
Work Results
Independent estimates
Change Requests
15. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Focus groups
Project Management Information Systems (PMIS)
System or Process
Re-baselining
16. 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.
Inspection
Performance Reviews
Differences between Operations and Project
Risk Management Plan
17. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t
Estimate at Completion (EAC)
Manage Stakeholder
Project Schedule Network Diagrams
Project Management
18. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Initiation
Acquire Project Team
Sequence Activities
Procurement file
19. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Control Schedule
Monitor and Control Risks
Responsibility Assignment Matrix (RAM)
Focus groups
20. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Organization Chart
Corrective Action
Collocation
Estimate Activity Durations
21. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Project Human Resource Management
Program
Plan Quality
Work Breakdown Structure (WBS)
22. Outcome of activities performed to accomplish the project.
Work Results
Resource Leveling
Identify Stakeholders
Project
23. 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.
Buyer-Seller relationship
Scope baseline
Project Procurement Management
Additional Risk Response Planning
24. Any modification to the contents of the project plan or the supporting details.
Determine Budget
Project Plan Updates
Risk
Report Performance
25. 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 - knowledg
Graphical Evaluation and Review Technique (GERT)
Expert Judgment
Procurement Statements of Work (SOW)
Critical Path Methodology (CPM)
26. 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
Project Communications Management
Fast Tracking
Product description
Code of Accounts
27. 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
Performance Reports
Project
Plan Risk Responses
Project Communications Management
28. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Team Building Activities
Lessons Learned
Fixed- price contracts
Risk Consequences
29. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Change Requests
Project Files
Re-baselining
Direct costs
30. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Work Results
Project Procurement Management
Data precision
Distribute Information
31. Process of developing a detailed description of the project and product
Probabilistic Analysis of the project
Process Adjustments
Project Quality Management
Define Scope
32. Considers the characteristics of those prospective staff who are available to join the project team.
Project Charter
Staffing Pool Description
Sensitivity Analysis
Decomposition
33. 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 Integration Management
Differences between Operations and Project
Fixed- price contracts
34. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Management
Scope baseline
Lead
External Dependencies
35. It can include correspondence - memos - meeting minutes - and documents describing the project.
Resource Calendar
Project Records
Quality Management Plan
Coding Structure
36. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Critical Path Method
Coding Structure
Fast Tracking
Project Assumption Testing
37. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Analogous Estimating (top-down)
Perform Qualitative Risk Analysis
Bidder Conferences
Control Scope
38. Process of numerically analyzing the effect of identified risks on overall project objectives.
Total Float
Define Scope
Statistical Sampling
Perform Quantitative Risk Analysis
39. Features or services that characterize a product - result - or service
Product Scope
Interviews
Quantitatively based durations
Project Portfolio Management
40. 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
Benchmarking
Procurement resources
Fast Tracking
Sequence Activities
41. 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
Time and Material (T&M) Contracts
Group Creativity Techniques
Estimate Activity Resources
Estimate at Completion (EAC)
42. Changing the project management plan to eliminate the threat entirely.
Team Development
Avoidance
Recruitment Practices
Stakeholder register
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
Focus groups
Project Scope
Risk Database
Risk Categories
44. 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
Design of Experiments (DOE)
Make-or-buy analysis
Product Scope
Inspection
45. 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
Lessons Learned
Group Creativity Techniques
Configuration Management System
Collect Requirements
46. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Estimate to Complete (ETC)
Avoidance
Estimate Activity Resources
Project Management Information Systems (PMIS)
47. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica
Communications management plan
Data precision
Administer procurements
Project Risk Management
48. 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
Technical performance measurement
Risk Register
Checklists
Procurement audits
49. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Documentation Reviews
Risk Register
Fixed- price contracts
Project Selection Methods
50. Technologies or methods to transfer information among project stakeholders.
Attribute Sampling vs. Variables Sampling
Focus groups
Plan Communications
Communications Technology