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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. 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.
Plan Procurements
Cost-reimbursable contracts
Project Procurement Management
Pareto Diagram/ Chart
2. Generally used when considerations like technical approach and technical skills are paramount in source selection
Projectized Organization
Proposal
Project Scope
Free Float
3. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Quality Improvement
Deliverable
Human Resource Practices
Project Plan
4. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Proposals
Acceptance
Distribute Information
Additional Risk Response Planning
5. 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.
Responsibility Assignment Matrix (RAM)
Acceptance
Project Files
Product Analysis
6. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be
Project Human Resource Management
Total Float
Deliverable
Sequence Activities
7. 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
Qualified seller lists
Project Stakeholders
Project Scope Management
Project Files
8. Processes and procedures developed for the closing or canceling of projects.
Code of Accounts
Procurement performance reviews
Project Human Resource Management
Inspection
9. 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
Group Decision Making Techniques
Develop Human Resource Plan
Analogous Estimating (top-down)
10. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Procurement audits
Project Management
Project Scope
Regulation
11. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Perform Qualitative Risk Analysis
Observations
Project Planning Methodology
Checklists
12. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.
Work Authorization System
Focus groups
Coding Structure
Communications Technology
13. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Technical performance measurement
Define Activities
Organizational Policies
Project Selection Methods
14. Factors that limit a buyer's options. E.g. - funds availability
Constraints
Quality
Project Quality Management
Requirements Documentation
15. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Project Communications Management
Tolerances vs. Control limits
Risk management policies
System or Process
16. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte
Inspection
Procurement resources
Risk Categories
Direct costs
17. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.
Project Management
Project Plan Updates
To-Complete Performance Index (TCPI)
Program Evaluation and Review Technique (PERT)
18. 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
Project Records
Program
Revised Cost Estimates
To-Complete Performance Index (TCPI)
19. Changing the project management plan to eliminate the threat entirely.
Expert Judgment
Develop Human Resource Plan
Avoidance
Project Charter
20. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r
Program
Distribute Information
Project Risk Management
Budget Updates
21. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Program
Estimate Costs
Pareto Diagram/ Chart
Recruitment Practices
22. 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.
Scope Change Control System
Estimate at Completion (EAC)
Project Schedule
Contingency - Buffer - Reserve
23. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Proposals
Forecasting
Re-baselining
Estimate to Complete (ETC)
24. 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.
Probability and impact matrix
Re-baselining
Verify Scope
Schedule Baseline
25. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Corrective Action
Risk
Verify Scope
Product Scope
26. A requirement imposed by a governmental body and its compliance is mandatory.
Attribute Sampling vs. Variables Sampling
Regulation
Configuration Management System
Team Building Activities
27. 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
Performance Reviews
Project Assumption Testing
Constraints
Stakeholder register
28. Terms used when the source selection decision will be based on price
Lessons Learned
Buyer-Seller relationship
Work Results
Bid / quotation
29. 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.
Team Development
Product Description
Program
Buyer-Seller relationship
30. Determining which risks may affect the project and documenting their characteristics.
Identify Risks
Project Risk Management
Process Adjustments
Assumptions Analysis
31. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Simulation
Project Time Management
Program
Bid / quotation
32. Describes how individual requirements meet the business need for the project.
Stakeholder register
Risk Management Plan
Requirements Documentation
Inspection
33. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac
Acceptance
Responsibility Assignment Matrix (RAM)
Subproject
Fast Tracking
34. Broader view of Project Cost Management - whereby other than project costs - we consider the effect of project decisions on the cost of using the project's product.
Life Cycle Costing
Perform Quality Control
Training
Risk Database
35. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Requirements Traceability Matrix
Risk management policies
Performance Reviews
Statistical Sampling
36. 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.
Root Cause Analysis
Corrective Action
Triggers
Estimate to Complete (ETC)
37. Quantities to be performed for each specific category - and can be used to estimate activity durations
Project Scope Management
Quantitatively based durations
Probabilistic Analysis of the project
Benchmarking
38. 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
Project Selection Methods
Estimate to Complete (ETC)
Precedence Relationships
Product Analysis
39. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Constraints
Mandatory Dependencies (or Hard Logic)
Control Charts
Manage Stakeholder
40. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Probabilistic Analysis of the project
Project Procurement Management
Avoidance
Scope baseline
41. 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
Configuration Management System
Plan Risk Management
Product Analysis
Phase Exits/ Stage Gates/ Kill Points
42. 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.
External Feedback
Scope Change Control System
Performance Reviews
Risk Audits
43. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Data precision
Risk Register
Monitor and Control Risks
Product Analysis
44. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Bottom-up Estimating
Staffing Requirements
Organization Chart
Procurement resources
45. 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
Subproject
Quality Policy
Critical Path Methodology (CPM)
46. 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
Organization Chart
Conditional Diagramming Methods
Buyer-Seller relationship
47. Used to solicit proposals from prospective sellers
Risk Management Plan
Revised Cost Estimates
Procurement Documents
Project Assumption Testing
48. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Quality Audit
Schedule Compression
Critical Path Methodology (CPM)
Facilitated Workshops
49. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Direct costs
Grade
Residual Risks
Work Breakdown Structure (WBS)
50. Considers the characteristics of those prospective staff who are available to join the project team.
Project Records
Project Plan
Lessons Learned
Staffing Pool Description