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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. 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.
Report Performance
Program
Change Requests
Fast Tracking
2. 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.
Cost Performance Baseline
Project Schedule
Cost Management Plan
Plan Quality
3. 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.
Performance Reports
Quality Metrics
Procurement Statements of Work (SOW)
Project Communications Management
4. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.
Subproject
Cost Management Plan
Inspection
Contract Change Control System
5. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Work Results
Prevention vs. Inspections
Mathematical Analysis
Performance Reviews
6. 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.
Free Float
Quality Management Plan
Cost Management Plan
Buyer-Seller relationship
7. 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
Time and Material (T&M) Contracts
Product Analysis
Organizational Policies
Brainstorming
8. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Perform Quantitative Risk Analysis
Data precision
Staffing Pool Description
Scope Management Plan
9. 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 -
Control Charts
Inspection
System or Process
Bottom-up Estimating
10. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Time and Material (T&M) Contracts
Resource Leveling
Acceptance
Report Performance
11. Process of defining how to conduct risk management activities for a project.
Project Life Cycle
Plan Risk Management
Collect Requirements
Schedule Baseline
12. Any numbering system used to uniquely identify each component of the work breakdown structure.
Program Evaluation and Review Technique (PERT)
Code of Accounts
Direct costs
Risk probability
13. Used to rate or score seller proposals
Mathematical Analysis
Scope Management Plan
Source Selection Criteria
Project Communications Management
14. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Group Creativity Techniques
Determine Budget
Project Selection Methods
Project Management Information Systems (PMIS)
15. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Re-baselining
Risk management policies
Mitigation
Make-or-buy analysis
16. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Analogous Estimating (top-down)
Risk
Time and Material (T&M) Contracts
Differences between Operations and Project
17. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Residual Risks
Performance Reviews
Decomposition
Deliverable
18. 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
Phase Exits/ Stage Gates/ Kill Points
Simulation
Risk Categories
Life Cycle Costing
19. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.
Matrix Organization
Schedule Baseline
Prototypes
Quality Assurance
20. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.
Inspection
Procurement file
Projectized Organization
Procurement Management Plan
21. Collection of generally sequential project phases.
Project Integration Management
Bottom-up Estimating
Perform Quantitative Risk Analysis
Project Life Cycle
22. 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
Risk management policies
Checklists
Prioritized list of quantified risks
Additional Risk Response Planning
23. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Quality Audit
Risk Management Plan
Project Quality Management
Perform Quality Control
24. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Program
Define Activities
Risk
Human Resource Practices
25. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Stakeholder Analysis
Corrective Action
Observations
Plan Risk Management
26. 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
Resource Leveling
Scope Management Plan
Grade
Simulation
27. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Statistical Sampling
Project Charter
Plan Procurements
Data precision
28. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Focus groups
Bottom-up Estimating
Project Team Directory
Change Requests
29. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Total Float
Proposals
Project Team Directory
Procurement file
30. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking
Project Team Directory
Fast Tracking
Project Risk Management
Performance Reports
31. Used to solicit proposals from prospective sellers
Change Requests
Procurement Documents
Assumptions
Quality Policy
32. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quantitative Risk Analysis
Project Procurement Management
Earned Value Analysis
Project Scope Management
33. 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
Risk management policies
Mitigation
Procurement negotiations
34. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Distribute Information
Corrective Action
Tolerances vs. Control limits
Perform Quantitative Risk Analysis
35. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Information Distribution Methods
Assumptions
Risk Register
Similarities between Operations and Projects
36. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Project Procurement Management
Project Plan Updates
Decomposition
Program Evaluation and Review Technique (PERT)
37. 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
Quality Management Plan
Direct costs
Resource Calendar
38. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Project Scope
Revised Cost Estimates
Free Float
Brainstorming
39. A modification of a logical relationship that directs a delay in the successor activity.
Secondary Risks
Develop Schedule
Lag
Plan Quality
40. Documents how requirements will be analyzed - documented - and managed throughout the project
Root Cause Analysis
Product Analysis
Product Description
Requirements Management Plan
41. 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
Inspection
Technical performance measurement
Stakeholder register
42. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Tolerances vs. Control limits
Quality Audit
Project Human Resource Management
Forecasting
43. Records of previous project results that can be used to identify risks.
Sub Network / Fragment Network
Project Files
Project Schedule
Project Integration Management
44. 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)
Scope baseline
Quality Assurance
Manage Stakeholder
45. 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.
Quality Metrics
Risk Audits
Cost Performance Baseline
Lessons Learned
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.
Prioritized list of quantified risks
Staffing Requirements
Responsibility Assignment Matrix (RAM)
Constraints
47. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform
Analogous Estimating (top-down)
Graphical Evaluation and Review Technique (GERT)
Fast Tracking
Quality Audit
48. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Estimate Activity Resources
Cost-reimbursable contracts
Process Adjustments
Staffing Requirements
49. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Project Management
Quality Metrics
Proposal
Project Communications Management
50. 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
Lessons Learned
Risk Management Plan
Project Schedule
Control Schedule