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CAPM
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Subjects
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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. 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
Group Creativity Techniques
Product Analysis
Project Portfolio Management
Project Risk Management
2. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.
Plan Communications
Quality Metrics
Perform Qualitative Risk Analysis
Prevention vs. Inspections
3. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si
Product description
Pareto Diagram/ Chart
Matrix Organization
Flowcharts
4. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Analogous Estimating (top-down)
Mathematical Analysis
Risk Register
Inspection
5. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Work Authorization System
Fast Tracking
Similarities between Operations and Projects
Tolerances vs. Control limits
6. 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.
Brainstorming
Project Plan
Quality Policy
Project Team Directory
7. Factors that - for planning purposes - will be considered true - real or certain.
Plan Procurements
Mitigation
Quality Assurance
Assumptions
8. Features or services that characterize a product - result - or service
Product Scope
Checklists
Contingency - Buffer - Reserve
Deliverable
9. 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.
Collocation
Mathematical Analysis
Identify Stakeholders
Decomposition
10. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Re-baselining
Team Development
Control Schedule
Corrective Action
11. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Control Schedule
Manage Stakeholder
Schedule updates
Procurement file
12. 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
Stakeholder register
Procurement Statements of Work (SOW)
Schedule Baseline
Identify Stakeholders
13. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Plan Procurements
Project Selection Methods
Simulation
Cost-reimbursable contracts
14. 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
Bottom-up Estimating
Configuration Management System
Probabilistic Analysis of the project
Communications management plan
15. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Project Communications Management
Attribute Sampling vs. Variables Sampling
Collect Requirements
Quality Metrics
16. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Prioritized list of quantified risks
Earned Value Analysis
Identify Risks
Trend Analysis
17. Any modification to the agreed upon project scope as defined by the approved WBS
Prevention vs. Inspections
To-Complete Performance Index (TCPI)
Procurement performance reviews
Scope Changes
18. 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.
System or Process
Probabilistic Analysis of the project
Project Procurement Management
Project Plan
19. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to
Triggers
Project Portfolio Management
Independent estimates
Design of Experiments (DOE)
20. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Re-baselining
Develop Human Resource Plan
Distribute Information
Risk
21. 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.
Lead
Sequence Activities
Probability and impact matrix
Quality
22. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Sub Network / Fragment Network
Product description
Status Review Meetings
Trend Analysis
23. 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.
Pareto Diagram/ Chart
Total Float
Change Requests
Constraints
24. Special category of revised cost estimates to an approved cost baseline.
Product Scope
Budget Updates
Perform Quality Control
Lag
25. 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
Similarities between Operations and Projects
Facilitated Workshops
Project Quality Management
Functional Organization
26. 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.
Source Selection Criteria
Group Creativity Techniques
Collocation
Scope baseline
27. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Stakeholder register
Monitor and Control Risks
Direct costs
Group Creativity Techniques
28. 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
Checklists
Quality Audit
Expert Judgment
Contract
29. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.
Benchmarking
Mandatory Dependencies (or Hard Logic)
Risk management policies
Rework
30. Collection of generally sequential project phases.
Project Life Cycle
Quantitatively based durations
Status Review Meetings
Collocation
31. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Quality Audit
Information Distribution Methods
Project Time Management
Project Quality Management
32. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Transference
Close procurements
Project Assumption Testing
Procurement negotiations
33. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Quality Management
Project Selection Methods
Project Risk Management
Manage Stakeholder
34. Methods used to distribute information to team members and other stakeholders.
Information Distribution Methods
Project Files
Scope Statement
Procurement Statements of Work (SOW)
35. 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
Project Management Information Systems (PMIS)
Project Plan Updates
Quality Management Plan
36. Includes the processes that organize - manage - and lead the project team.
Identify Stakeholders
Project Human Resource Management
Direct costs
Re-baselining
37. 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
Organization Breakdown Structure
Constraints
Constraints
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
Critical Path Methodology (CPM)
Assumptions Analysis
Phase Exits/ Stage Gates/ Kill Points
Probabilistic Analysis of the project
39. 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.
Total Float
Activity List
Project Planning Methodology
Quality Improvement
40. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Plan Procurements
Quality Audit
Project Quality Management
Statistical Sampling
41. Factors that will limit the project management team's options (e.g. - a predefined budget)
Risk probability
Coding Structure
Constraints
Product description
42. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.
Sub Network / Fragment Network
Project Procurement Management
Configuration Management System
Project Cost Management
43. 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
Decision Tree
Earned Value Analysis
Project Quality Management
44. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Organizational Policies
Stakeholder Analysis
Information Distribution Methods
Project Integration Management
45. Outcome of activities performed to accomplish the project.
Performance Reviews
Work Results
Source Selection Criteria
Project Communications Management
46. 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.
Prevention vs. Inspections
Probabilistic Analysis of the project
Risk Consequences
Constraints
47. 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
Verify Scope
Estimate to Complete (ETC)
Similarities between Operations and Projects
Develop Schedule
48. 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
Constraints
Mandatory Dependencies (or Hard Logic)
Resource Pool Descriptions
49. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Assumptions
Scope Statement
Project Management
Performance Reports
50. Technique to evaluate the degree to which data about risks is useful for risk management.
Cost Management Plan
Secondary Risks
Data Precision Ranking
Simulation
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