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CAPM
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certifications
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capm
Instructions:
Answer 50 questions in 15 minutes.
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study here
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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. 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.
Develop Schedule
Root Cause Analysis
Make-or-buy analysis
External Dependencies
2. 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.
Acquire Project Team
Grade
Collocation
Change Requests
3. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Simulation
Qualified seller lists
Trend Analysis
Mitigation
4. Technologies or methods to transfer information among project stakeholders.
Communications Technology
Initiation
Data Precision Ranking
To-Complete Performance Index (TCPI)
5. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Deliverable
Graphical Evaluation and Review Technique (GERT)
Focus groups
Plan Procurements
6. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Focus groups
Project Risk Management
Project Team Directory
Project Management
7. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.
Status Review Meetings
Root Cause Analysis
Product Scope
Indirect costs / Overhead costs
8. Technique to evaluate the degree to which data about risks is useful for risk management.
Organization Breakdown Structure
Data Precision Ranking
Requirements Management Plan
Sequence Activities
9. 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
Risk Consequences
Control Scope
Stakeholder register
Project Risk Management
10. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Close procurements
Perform Quality Control
Contract
System or Process
11. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Acquire Project Team
Team Building Activities
Product Description
Constraints
12. A modification of a logical relationship that directs a delay in the successor activity.
Manage Stakeholder
Critical Path Method
Direct costs
Lag
13. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.
Organization Chart
Buyer-Seller relationship
Probability and impact matrix
Similarities between Operations and Projects
14. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.
Group Decision Making Techniques
Project Planning Methodology
Cost Management Plan
Prototypes
15. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Project Charter
Probabilistic Analysis of the project
Proposal
Contract Change Control System
16. 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
Plan Communications
Process Adjustments
Life Cycle Costing
Parametric Estimating
17. Involves developing a better understanding of the product of the project
Schedule Baseline
Procurement audits
Product Analysis
To-Complete Performance Index (TCPI)
18. It can include correspondence - memos - meeting minutes - and documents describing the project.
Analogous Estimating / Top-down
Risk Database
Risk probability
Project Records
19. 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.
Bottom-up Estimating
Focus groups
Acceptance
To-Complete Performance Index (TCPI)
20. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.
Work Breakdown Structure (WBS)
Quantitatively based durations
Program
Conduct Procurements
21. 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.
Communications management plan
Resource Pool Descriptions
Work Breakdown Structure (WBS)
Contingency - Buffer - Reserve
22. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are
Simulation
Project Cost Management
Re-baselining
Trend Analysis
23. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Status Review Meetings
Critical Path Method
Scope Management Plan
Control Account
24. 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.
Project Management Information Systems (PMIS)
Control Schedule
Define Activities
Project Procurement Management
25. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the
Parametric Estimating
Project Stakeholders
Estimate Activity Resources
Requirements Management Plan
26. 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
Project Management
Responsibility Assignment Matrix (RAM)
Lead
27. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.
Contract Change Control System
Organization Chart
Product Scope
Mandatory Dependencies (or Hard Logic)
28. Any numbering system used to uniquely identify each component of the work breakdown structure.
Estimate Costs
Code of Accounts
Resource Leveling
Requirements Traceability Matrix
29. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th
Functional Organization
Project Human Resource Management
Bid / quotation
Cost Management Plan
30. 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.
Re-baselining
Buyer-Seller relationship
Probabilistic Analysis of the project
Documentation Reviews
31. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu
To-Complete Performance Index (TCPI)
Mitigation
Project Plan Updates
Constraints
32. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Product Analysis
Plan Procurements
Close procurements
Free Float
33. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Coding Structure
Scope baseline
Acquire Project Team
Procurement file
34. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.
Project Human Resource Management
Constraints
Stakeholder register
Project Charter
35. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Quality Assurance
Forecasting
Estimate Activity Resources
Perform Qualitative Risk Analysis
36. Describes how individual requirements meet the business need for the project.
Communications Technology
Graphical Evaluation and Review Technique (GERT)
Requirements Documentation
Fast Tracking
37. 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
Team Development
Critical Path Method
Brainstorming
Constraints
38. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Make-or-buy analysis
Focus groups
Crashing
Project
39. Modifications to the cost estimation prepared for the project
System or Process
Cost Management Plan
Human Resource Practices
Perform Quality Control
40. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Quality
Decision Tree
Procurement Statements of Work (SOW)
Quality Audit
41. 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
Expert Judgment
Project
Data Precision Ranking
Product Scope
42. 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.
Identify Stakeholders
Bottom-up Estimating
Staffing Pool Description
Lessons Learned
43. 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
Project Files
Risk
Conditional Diagramming Methods
44. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Conduct Procurements
Requirements Documentation
Work Authorization System
Team Building Activities
45. 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
Risk Consequences
Analogous Estimating / Top-down
Organizational Policies
Manage Stakeholder
46. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Schedule updates
Estimate Costs
Fixed- price contracts
47. 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.
Facilitated Workshops
Statistical Sampling
Constraints
Quality Improvement
48. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Simulation
Schedule updates
Plan Communications
Plan Quality
49. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Develop Schedule
Phase Exits/ Stage Gates/ Kill Points
Project Charter
Plan Procurements
50. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.
Develop Schedule
Distribute Information
Initiation
Project Portfolio Management
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