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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. 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
Avoidance
Re-baselining
Initiation
Quality Policy
2. 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.
Project Cost Management
Work Authorization System
Mitigation
Contract Change Control System
3. Factors that - for planning purposes - will be considered true - real or certain.
Project Quality Management
Grade
Templates
Assumptions
4. 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.
Additional Risk Response Planning
Performance Reports
Project Communications Management
Triggers
5. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Schedule Baseline
Work Authorization System
Performance Reports
Tolerances vs. Control limits
6. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.
Decomposition
Collocation
Functional Organization
Risk Categories
7. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.
Critical Path Method
Interviews
Schedule Compression
Constraints
8. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Benchmarking
Plan Risk Management
Assumptions
9. 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.
Design of Experiments (DOE)
Product Analysis
Buyer-Seller relationship
Quality Assurance
10. Risks that arise as a direct result of implementing a risk response.
Risk probability
Secondary Risks
Quality Metrics
Work Breakdown Structure (WBS)
11. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Mandatory Dependencies (or Hard Logic)
Cost Management Plan
Quality Assurance
Control Schedule
12. 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 Human Resource Management
Constraints
Data precision
To-Complete Performance Index (TCPI)
13. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Deliverable
Design of Experiments (DOE)
Cost-reimbursable contracts
Revised Cost Estimates
14. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Contingency - Buffer - Reserve
Grade
Similarities between Operations and Projects
Analogous Estimating (top-down)
15. 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
Project Time Management
Configuration Management System
Procurement negotiations
Source Selection Criteria
16. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Corrective Action
Mandatory Dependencies (or Hard Logic)
Constraints
Probabilistic Analysis of the project
17. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Control Account
Facilitated Workshops
Conduct Procurements
Quality Policy
18. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Procurement Statements of Work (SOW)
Resource Pool Descriptions
Probability and impact matrix
Procurement negotiations
19. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Formal acceptance and closure
Identify Risks
Data Precision Ranking
Revised Cost Estimates
20. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Estimate Activity Resources
Project Management Information Systems (PMIS)
Change Requests
Performance Reports
21. Generally used when considerations like technical approach and technical skills are paramount in source selection
Performance Reviews
Perform Qualitative Risk Analysis
Initiation
Proposal
22. 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
Free Float
Fast Tracking
Matrix Organization
Quantitatively based durations
23. 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
Procurement negotiations
Control Charts
Verify Scope
Product Analysis
24. 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.
Corrective Action
Design of Experiments (DOE)
Inspection
Program Evaluation and Review Technique (PERT)
25. Technologies or methods to transfer information among project stakeholders.
Requirements Documentation
Project Selection Methods
Procurement Management Plan
Communications Technology
26. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Indirect costs / Overhead costs
Quality Assurance
Lead
Develop Human Resource Plan
27. 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
Scope Management Plan
Inspection
Program Evaluation and Review Technique (PERT)
Secondary Risks
28. 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.
Product Analysis
Project Communications Management
Assumptions Analysis
Project Scope Management
29. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Project Closeout
Communications Technology
Simulation
Project Human Resource Management
30. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje
Project Human Resource Management
Distribute Information
Identify Risks
Team Development
31. 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
Workaround plans
Project Life Cycle
Risk management policies
32. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Project Portfolio Management
Group Decision Making Techniques
Fixed- price contracts
Project Time Management
33. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Staffing Requirements
Constraints
Residual Risks
To-Complete Performance Index (TCPI)
34. 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
Project Integration Management
Project Charter
Procurement audits
Procurement Management Plan
35. 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
Control Costs
Performance Reviews
Project Human Resource Management
Parametric Estimating
36. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Deliverable
Develop Human Resource Plan
Program
Plan Procurements
37. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Process Adjustments
Project Quality Management
Procurement negotiations
Project Plan Updates
38. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Analogous Estimating (top-down)
Quality Improvement
Direct costs
Risk probability
39. 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
Acceptance
Prioritized list of quantified risks
Subproject
40. 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.
Make-or-buy analysis
Information Distribution Methods
Brainstorming
Product description
41. Process of identifying the specific actions to be performed to produce the project deliverables.
Define Activities
Forecasting
Checklists
Responsibility Assignment Matrix (RAM)
42. 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.
Resource Pool Descriptions
Quality Improvement
Communications Technology
Statistical Sampling
43. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Triggers
Project Files
Control Charts
Project Charter
44. Probability that a risk will occur.
Parametric Estimating
Expert Judgment
Inspection
Risk probability
45. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Re-baselining
Project Procurement Management
Stakeholder Analysis
Monitor and Control Risks
46. Factors which - for planning purposes - are considered to be true - real or certain.
Requirements Traceability Matrix
Assumptions
Project Communications Management
Schedule updates
47. Quantities to be performed for each specific category - and can be used to estimate activity durations
Risk Database
Bidder Conferences
Quantitatively based durations
Perform Quantitative Risk Analysis
48. The process of determining project stakeholders' information needs and defining a communication approach.
Residual Risks
Plan Communications
Quality
Prioritized list of quantified risks
49. 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.
Contingency - Buffer - Reserve
Deliverable
Conditional Diagramming Methods
Benchmarking
50. 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
Control Costs
Project Files
Source Selection Criteria