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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. 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.
Risk Database
Control Schedule
Requirements Traceability Matrix
Acceptance
2. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Manage Stakeholder
Project Life Cycle
Organizational Policies
Time and Material (T&M) Contracts
3. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo
Analogous Estimating (top-down)
Requirements Traceability Matrix
Risk management policies
Configuration Management System
4. 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
Product description
Recruitment Practices
Define Activities
Procurement resources
5. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Procurement Documents
Define Scope
Project Human Resource Management
Formal acceptance and closure
6. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Quality Policy
Tolerances vs. Control limits
Contract Change Control System
Fixed- price contracts
7. A formal or informal approach to obtain information from stakeholders by talking to them directly
Decision Tree
Interviews
Trend Analysis
Project Cost Management
8. 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.
Resource Pool Descriptions
Inspection
Functional Organization
Independent estimates
9. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Graphical Evaluation and Review Technique (GERT)
Project Cost Management
Risk management policies
Performance Reviews
10. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.
Group Creativity Techniques
Quality Audit
Bottom-up Estimating
Sensitivity Analysis
11. 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.
Bid / quotation
Product Scope
Work Breakdown Structure (WBS)
Project Cost Management
12. Processes and procedures developed for the closing or canceling of projects.
Perform Quality Control
Quality
Staffing Requirements
Project Closeout
13. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Identify Risks
Organization Chart
Conduct Procurements
Risk
14. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Life Cycle Costing
Project Procurement Management
Change Requests
Estimate Activity Resources
15. Technique to evaluate the degree to which data about risks is useful for risk management.
Estimate to Complete (ETC)
Precedence Relationships
Data Precision Ranking
Project Risk Management
16. Charts that are used to show positions and relationships in a graphical format.
Estimate to Complete (ETC)
Organization Chart
Decision Tree
Organization Breakdown Structure
17. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Checklists
Work Authorization System
Life Cycle Costing
Inspection
18. The policies - guidelines - or procedures that govern the recruitment of staff.
Recruitment Practices
Performance Reviews
Probability and impact matrix
Determine Budget
19. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Risk Consequences
Schedule Compression
Data precision
Scope Changes
20. 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
Stakeholder Analysis
Project Human Resource Management
Risk management policies
Similarities between Operations and Projects
21. 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
Workaround plans
Budget Updates
Procurement resources
Process Adjustments
22. 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
Project Risk Management
Project Selection Methods
Functional Organization
Project Management Information Systems (PMIS)
23. 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
Assumptions
Similarities between Operations and Projects
Project Human Resource Management
Distribute Information
24. A modification of a logical relationship that directs a delay in the successor activity.
Procurement performance reviews
Risk Categories
Flowcharts
Lag
25. Collection of generally sequential project phases.
Constraints
Project Life Cycle
Conditional Diagramming Methods
Mathematical Analysis
26. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Project Human Resource Management
Close procurements
Quality Audit
External Feedback
27. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Secondary Risks
Pareto Diagram/ Chart
Control Scope
Quality Improvement
28. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Quality Metrics
Perform Quality Control
Control Scope
Regulation
29. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.
Project Plan
Procurement Management Plan
Requirements Documentation
Bottom-up Estimating
30. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Schedule updates
Focus groups
Corrective Action
Manage Stakeholder
31. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con
Project Team Directory
Sensitivity Analysis
Project Portfolio Management
Procurement negotiations
32. Factors which - for planning purposes - are considered to be true - real or certain.
Facilitated Workshops
Assumptions
Quality
Quality Assurance
33. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Control Charts
Contingency - Buffer - Reserve
Scope baseline
Procurement negotiations
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.
Project Quality Management
Develop Schedule
Quality Metrics
Pareto Diagram/ Chart
35. 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
Constraints
Organization Chart
Flowcharts
36. Describes how individual requirements meet the business need for the project.
Close procurements
Requirements Documentation
Work Results
Estimate Costs
37. Process of obtaining seller responses - selecting a seller - and awarding a contract
Independent estimates
Corrective Action
Product Scope
Conduct Procurements
38. 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
Source Selection Criteria
Schedule updates
Critical Path Methodology (CPM)
Perform Quantitative Risk Analysis
39. 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
Lead
To-Complete Performance Index (TCPI)
Fixed- price contracts
Bidder Conferences
40. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Recruitment Practices
Deliverable
Close procurements
Simulation
41. 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
Fast Tracking
Checklists
Project Files
Estimate to Complete (ETC)
42. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Performance Reviews
Control Charts
Status Review Meetings
Critical Path Methodology (CPM)
43. 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.
Regulation
Activity List
Scope Changes
Constraints
44. Process of identifying the specific actions to be performed to produce the project deliverables.
Additional Risk Response Planning
Define Activities
Status Review Meetings
Project Procurement Management
45. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.
Risk Audits
Communication Requirements Analysis
Project Procurement Management
Scope baseline
46. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.
Control Schedule
Prioritized list of quantified risks
Cost Performance Baseline
Cost Management Plan
47. 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
Verify Scope
Procurement Statements of Work (SOW)
Root Cause Analysis
Additional Risk Response Planning
48. Any numbering system used to uniquely identify each component of the work breakdown structure.
Code of Accounts
Fast Tracking
Develop Human Resource Plan
Process Adjustments
49. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Performance Reviews
Change Control System
Distribute Information
Design of Experiments (DOE)
50. 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
Perform Qualitative Risk Analysis
Constraints
Resource Pool Descriptions
Communications management plan