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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 which - for planning purposes - are considered to be true - real or certain.
Critical Path Method
Benchmarking
Organizational Policies
Assumptions
2. Process of obtaining seller responses - selecting a seller - and awarding a contract
Critical Path Methodology (CPM)
Procurement negotiations
Templates
Conduct Procurements
3. Modifications to the cost estimation prepared for the project
Analogous Estimating / Top-down
Revised Cost Estimates
Develop Human Resource Plan
Identify Stakeholders
4. 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
Organization Breakdown Structure
Procurement performance reviews
Manage Stakeholder
Make-or-buy analysis
5. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Project Planning Methodology
Prototypes
Documentation Reviews
Staffing Requirements
6. Processes and procedures developed for the closing or canceling of projects.
Inspection
Procurement resources
Procurement audits
Communication Requirements Analysis
7. Involves setting a fixed total price for a defined product or service to be provided.
Schedule Compression
Matrix Organization
Fixed- price contracts
Revised Cost Estimates
8. 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
Indirect costs / Overhead costs
Rework
Sub Network / Fragment Network
9. 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
Risk Categories
Checklists
Stakeholder Analysis
Procurement negotiations
10. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v
Estimate at Completion (EAC)
Perform Quantitative Risk Analysis
Simulation
Sensitivity Analysis
11. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Fixed- price contracts
Templates
Plan Communications
Differences between Operations and Project
12. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Deliverable
Risk management policies
Simulation
Contract Change Control System
13. Modifications to the cost estimation prepared for the project
Perform Quality Control
Information Distribution Methods
Flowcharts
Performance Reports
14. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Resource Leveling
Crashing
Acceptance
Quality Improvement
15. Process of identifying the specific actions to be performed to produce the project deliverables.
Scope Change Control System
Requirements Management Plan
System or Process
Define Activities
16. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start
Precedence Relationships
Interviews
Expert Judgment
Proposals
17. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Quality Metrics
Formal acceptance and closure
Root Cause Analysis
Project Cost Management
18. 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
Bid / quotation
Change Control System
Regulation
Procurement audits
19. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Transference
Lead
Verify Scope
Activity List
20. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.
Project Planning Methodology
Additional Risk Response Planning
Benchmarking
Constraints
21. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Project Schedule Network Diagrams
Free Float
Control Costs
Procurement Statements of Work (SOW)
22. 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
Risk Register
Critical Path Methodology (CPM)
Project Risk Management
Phase Exits/ Stage Gates/ Kill Points
23. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.
Assumptions
Project Quality Management
Revised Cost Estimates
Control Charts
24. 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.
Identify Risks
Plan Risk Management
Quality Management Plan
Fast Tracking
25. 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
Product Analysis
Lessons Learned
Plan Quality
Project Procurement Management
26. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Data precision
Requirements Documentation
Group Decision Making Techniques
Human Resource Practices
27. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Code of Accounts
Conditional Diagramming Methods
Probability and impact matrix
Procurement file
28. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Distribute Information
Free Float
Project Management
Process Adjustments
29. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.
Assumptions Analysis
Decision Tree
Contract Change Control System
Graphical Evaluation and Review Technique (GERT)
30. 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
Direct costs
Plan Risk Responses
Process Adjustments
Phase Exits/ Stage Gates/ Kill Points
31. 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
Coding Structure
Project Files
Control Scope
Analogous Estimating / Top-down
32. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Fast Tracking
Develop Schedule
Manage Stakeholder
Procurement resources
33. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Management
Expert Judgment
Perform Quantitative Risk Analysis
Communications management plan
34. Outcome of activities performed to accomplish the project.
Recruitment Practices
Total Float
Constraints
Work Results
35. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Graphical Evaluation and Review Technique (GERT)
Workaround plans
Life Cycle Costing
Residual Risks
36. 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.
Scope Management Plan
Risk Audits
Quantitatively based durations
Estimate at Completion (EAC)
37. 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
Free Float
Inspection
Workaround plans
38. 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)
Risk Categories
Lessons Learned
Graphical Evaluation and Review Technique (GERT)
39. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Procurement negotiations
Lead
Acquire Project Team
Budget Updates
40. 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.
Quality Improvement
Activity List
Corrective Action
Budget Updates
41. Charts that are used to show positions and relationships in a graphical format.
Organization Chart
Contingency - Buffer - Reserve
Lead
Risk Categories
42. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Configuration Management System
Pareto Diagram/ Chart
Estimate Activity Durations
Constraints
43. 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
Constraints
Proposals
Fixed- price contracts
44. 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
Plan Communications
Observations
Project Stakeholders
Quality Metrics
45. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Decision Tree
Prototypes
Control Schedule
Corrective Action
46. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Resource Pool Descriptions
Functional Organization
Re-baselining
Project Risk Management
47. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Observations
Close procurements
Coding Structure
Resource Pool Descriptions
48. 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.
Identify Stakeholders
Make-or-buy analysis
Matrix Organization
Control Account
49. 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.
Scope Change Control System
Work Breakdown Structure (WBS)
Independent estimates
Project Human Resource Management
50. 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
System or Process
Procurement negotiations
Bottom-up Estimating
Time and Material (T&M) Contracts