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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. 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
Risk Audits
Scope Management Plan
Performance Reviews
Plan Risk Management
2. A table that links requirements to their origin and traces them throughout the project life cycle
Secondary Risks
Requirements Traceability Matrix
Scope Change Control System
Forecasting
3. Modifications to the cost estimation prepared for the project
Revised Cost Estimates
Fast Tracking
Prioritized list of quantified risks
Parametric Estimating
4. 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.
Close procurements
Probability and impact matrix
Projectized Organization
Corrective Action
5. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Process Adjustments
Templates
Mitigation
Differences between Operations and Project
6. Any numbering system used to uniquely identify each component of the work breakdown structure.
Estimate to Complete (ETC)
Bidder Conferences
Code of Accounts
Quality Policy
7. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Indirect costs / Overhead costs
Verify Scope
Project Scope
Monitor and Control Risks
8. Special category of revised cost estimates to an approved cost baseline.
Project Risk Management
Probability and impact matrix
Budget Updates
Work Breakdown Structure (WBS)
9. Terms used when the source selection decision will be based on price
Work Breakdown Structure (WBS)
Bid / quotation
Project Team Directory
Constraints
10. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Change Requests
Work Authorization System
Precedence Relationships
11. Factors which - for planning purposes - are considered to be true - real or certain.
Project Plan
Assumptions
Bid / quotation
Work Results
12. Factors that - for planning purposes - will be considered true - real or certain.
Prioritized list of quantified risks
Workaround plans
Critical Path Methodology (CPM)
Assumptions
13. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Risk management policies
Project Quality Management
Re-baselining
Trend Analysis
14. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Mandatory Dependencies (or Hard Logic)
Resource Leveling
Bottom-up Estimating
Plan Risk Responses
15. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Total Float
Estimate Costs
Risk Register
Triggers
16. 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
To-Complete Performance Index (TCPI)
Similarities between Operations and Projects
Corrective Action
Requirements Traceability Matrix
17. 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.
Simulation
Risk Register
Monitor and Control Risks
Subproject
18. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Estimate Costs
Resource Calendar
Procurement Management Plan
Project Cost Management
19. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Mandatory Dependencies (or Hard Logic)
Estimate to Complete (ETC)
Procurement performance reviews
Quality Policy
20. 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
Precedence Relationships
Project Cost Management
Risk Categories
Corrective Action
21. 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
Quality Policy
Project
Checklists
Project Charter
22. Factors that will limit the project management team's options (e.g. - a predefined budget)
Constraints
Staffing Requirements
Focus groups
Sensitivity Analysis
23. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Technical performance measurement
Report Performance
Project Planning Methodology
Close procurements
24. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Cost-reimbursable contracts
Project Human Resource Management
Project Plan Updates
Workaround plans
25. 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 - knowledg
Code of Accounts
Team Development
Expert Judgment
Corrective Action
26. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.
Bidder Conferences
Similarities between Operations and Projects
Human Resource Practices
Product Scope
27. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Differences between Operations and Project
Critical Path Methodology (CPM)
Initiation
Staffing Requirements
28. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Staffing Pool Description
Risk Register
Human Resource Practices
Acquire Project Team
29. Technologies or methods to transfer information among project stakeholders.
Communications Technology
Project Records
Organization Chart
Decomposition
30. 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
Data precision
Risk Categories
Project Files
31. The process of determining project stakeholders' information needs and defining a communication approach.
Documentation Reviews
Plan Communications
Procurement Management Plan
Estimate at Completion (EAC)
32. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Crashing
Expert Judgment
Develop Human Resource Plan
Estimate Costs
33. 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)
Crashing
Status Review Meetings
Procurement performance reviews
34. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe
Sensitivity Analysis
Resource Calendar
Simulation
Corrective Action
35. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Performance Reports
Team Building Activities
Estimate Activity Resources
Stakeholder Analysis
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.
Free Float
Stakeholder register
Determine Budget
Triggers
37. 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.
Schedule Compression
Constraints
Project Management
Monitor and Control Risks
38. 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 Management Plan
Risk Audits
Work Breakdown Structure (WBS)
Team Development
39. 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
Organization Chart
Life Cycle Costing
Project Communications Management
Lessons Learned
40. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang
Staffing Requirements
Project Integration Management
Contract Change Control System
Design of Experiments (DOE)
41. 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
Lag
Control Scope
Project Time Management
Project Portfolio Management
42. Any modification to the agreed upon project scope as defined by the approved WBS
Scope Changes
Decision Tree
Activity List
Trend Analysis
43. 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.
Control Costs
Buyer-Seller relationship
Requirements Management Plan
Project Portfolio Management
44. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Procurement resources
Manage Stakeholder
Contract Change Control System
Contract
45. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Project Charter
Project Planning Methodology
Identify Risks
Recruitment Practices
46. Includes the processes that organize - manage - and lead the project team.
Project Assumption Testing
Risk Categories
External Dependencies
Project Human Resource Management
47. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.
Distribute Information
Product Analysis
Triggers
Perform Quantitative Risk Analysis
48. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.
Develop Human Resource Plan
Phase Exits/ Stage Gates/ Kill Points
Differences between Operations and Project
Activity List
49. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Estimate Activity Durations
Estimate at Completion (EAC)
Quality Metrics
Conditional Diagramming Methods
50. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Procurement Management Plan
Probabilistic Analysis of the project
Facilitated Workshops
Code of Accounts