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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. 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.
Administer procurements
Product Analysis
Project Communications Management
Projectized Organization
2. 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.
Close procurements
Life Cycle Costing
Project Planning Methodology
Free Float
3. 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.
Control Schedule
Pareto Diagram/ Chart
Sequence Activities
Tolerances vs. Control limits
4. Factors that limit a buyer's options. E.g. - funds availability
Critical Path Methodology (CPM)
Constraints
Identify Stakeholders
Project Life Cycle
5. 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
Estimate Activity Resources
Manage Stakeholder
Buyer-Seller relationship
6. Factors that - for planning purposes - will be considered true - real or certain.
Checklists
Assumptions
Fast Tracking
Plan Communications
7. 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.
Project Cost Management
Re-baselining
Quality
Project Risk Management
8. 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.
Flowcharts
Triggers
Buyer-Seller relationship
Scope Statement
9. 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
Estimate Costs
Project Stakeholders
Control Schedule
Cost Performance Baseline
10. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are
Acceptance
Simulation
Fast Tracking
Quality Policy
11. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Project Time Management
Deliverable
Assumptions
Cost-reimbursable contracts
12. 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
Assumptions
Source Selection Criteria
Sensitivity Analysis
Time and Material (T&M) Contracts
13. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization
Graphical Evaluation and Review Technique (GERT)
Initiation
Process Adjustments
Quality Management Plan
14. 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 -
Probability and impact matrix
Plan Procurements
Communications management plan
System or Process
15. 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.
Project Procurement Management
Make-or-buy analysis
Expert Judgment
Procurement audits
16. Technologies or methods to transfer information among project stakeholders.
Facilitated Workshops
Project Human Resource Management
Communications Technology
Make-or-buy analysis
17. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying
Re-baselining
Project Human Resource Management
Parametric Estimating
Mandatory Dependencies (or Hard Logic)
18. 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
Project Files
Grade
Analogous Estimating (top-down)
To-Complete Performance Index (TCPI)
19. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Procurement performance reviews
Team Building Activities
Resource Leveling
Verify Scope
20. 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.
Procurement audits
Revised Cost Estimates
Proposal
Activity List
21. The policies - guidelines - or procedures that govern the recruitment of staff.
Stakeholder Analysis
Recruitment Practices
Statistical Sampling
Project Risk Management
22. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Simulation
Administer procurements
Project Plan
Quality Assurance
23. 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
Organization Breakdown Structure
Subproject
Corrective Action
Fast Tracking
24. 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
Schedule Baseline
Functional Organization
Project Quality Management
Prototypes
25. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.
Source Selection Criteria
Project Management Information Systems (PMIS)
Bidder Conferences
Initiation
26. 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
Project Schedule
Fast Tracking
Time and Material (T&M) Contracts
Critical Path Method
27. 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.
Code of Accounts
Performance Reviews
Direct costs
Define Scope
28. 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.
Independent estimates
Product Description
Cost-reimbursable contracts
Assumptions
29. Probability that a risk will occur.
Prototypes
Risk probability
Fast Tracking
Prioritized list of quantified risks
30. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Responsibility Assignment Matrix (RAM)
Develop Human Resource Plan
Verify Scope
Staffing Requirements
31. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.
Procurement file
Administer procurements
Sequence Activities
Resource Calendar
32. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Work Breakdown Structure (WBS)
Constraints
Expert Judgment
Procurement Statements of Work (SOW)
33. 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.
Risk Database
Human Resource Practices
Project Risk Management
Work Authorization System
34. Modifications to the cost estimation prepared for the project
Project Risk Management
Make-or-buy analysis
Life Cycle Costing
Revised Cost Estimates
35. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Risk Management Plan
Decision Tree
Control Costs
Organizational Policies
36. 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
Grade
Bottom-up Estimating
Contingency - Buffer - Reserve
Initiation
37. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Control Schedule
Project Communications Management
Process Adjustments
Communication Requirements Analysis
38. 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
Time and Material (T&M) Contracts
Constraints
Checklists
Perform Qualitative Risk Analysis
39. 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.
Perform Qualitative Risk Analysis
Risk Categories
Risk probability
Decomposition
40. Describes how risk management will be structured and performed on the project.
Matrix Organization
Communications Technology
Risk Management Plan
Deliverable
41. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Control Scope
Quality Metrics
Stakeholder Analysis
Constraints
42. 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
Focus groups
Analogous Estimating / Top-down
Verify Scope
Quality Improvement
43. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Project Plan Updates
Formal acceptance and closure
Training
Bid / quotation
44. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo
Schedule updates
Lag
Quality Management Plan
Configuration Management System
45. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Human Resource Practices
Procurement negotiations
Product description
Project Records
46. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Group Decision Making Techniques
Attribute Sampling vs. Variables Sampling
Technical performance measurement
Earned Value Analysis
47. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Earned Value Analysis
Distribute Information
Assumptions Analysis
Responsibility Assignment Matrix (RAM)
48. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Plan Quality
Deliverable
Organization Breakdown Structure
Project Communications Management
49. Process of identifying the specific actions to be performed to produce the project deliverables.
Information Distribution Methods
Checklists
Define Activities
Project Schedule Network Diagrams
50. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Requirements Traceability Matrix
Monitor and Control Risks
Project Communications Management
Coding Structure