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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 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)
Risk Consequences
Verify Scope
Parametric Estimating
2. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities
Procurement resources
Independent estimates
Revised Cost Estimates
Quality
3. 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 -
System or Process
Design of Experiments (DOE)
Templates
Program
4. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Qualified seller lists
Perform Qualitative Risk Analysis
Process Adjustments
Mitigation
5. Any modification to the agreed upon project scope as defined by the approved WBS
Project Quality Management
Scope Changes
Life Cycle Costing
Analogous Estimating (top-down)
6. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Coding Structure
Templates
Precedence Relationships
Identify Stakeholders
7. 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.
Forecasting
Mandatory Dependencies (or Hard Logic)
Activity List
Perform Qualitative Risk Analysis
8. 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
Total Float
Secondary Risks
Procurement resources
Plan Communications
9. 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
Design of Experiments (DOE)
Probabilistic Analysis of the project
Procurement Statements of Work (SOW)
Perform Quantitative Risk Analysis
10. 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.
Quantitatively based durations
Coding Structure
Procurement file
Rework
11. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Identify Risks
Resource Leveling
Direct costs
Cost Management Plan
12. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Monitor and Control Risks
Define Activities
Project Schedule Network Diagrams
External Dependencies
13. 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.
Secondary Risks
Formal acceptance and closure
Corrective Action
Estimate at Completion (EAC)
14. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Project Quality Management
Contract
Independent estimates
Organization Breakdown Structure
15. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Change Requests
Project Risk Management
Work Breakdown Structure (WBS)
Control Schedule
16. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o
Cost Management Plan
Project Quality Management
Project Scope Management
Residual Risks
17. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Define Scope
Lessons Learned
Resource Leveling
Probabilistic Analysis of the project
18. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative
Brainstorming
Procurement audits
Phase Exits/ Stage Gates/ Kill Points
Workaround plans
19. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Project Communications Management
Mandatory Dependencies (or Hard Logic)
Conduct Procurements
Decomposition
20. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Estimate Activity Durations
Project Human Resource Management
Performance Reviews
Conditional Diagramming Methods
21. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Procurement Documents
Project Stakeholders
Collocation
Re-baselining
22. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Project Files
Triggers
Deliverable
Simulation
23. 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.
Transference
Acceptance
Control Schedule
Control Costs
24. 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
Requirements Management Plan
Inspection
Project Schedule
Earned Value Analysis
25. 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
Schedule updates
Lead
Simulation
Report Performance
26. 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.
Quality Audit
Constraints
Prevention vs. Inspections
Subproject
27. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Sequence Activities
Parametric Estimating
Functional Organization
Administer procurements
28. 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.
External Dependencies
Staffing Requirements
Control Account
Distribute Information
29. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte
Data Precision Ranking
Crashing
Procurement audits
Project Schedule Network Diagrams
30. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.
Control Scope
Fixed- price contracts
Contract Change Control System
Formal acceptance and closure
31. 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
Project Integration Management
Scope baseline
Quality Policy
Perform Quantitative Risk Analysis
32. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Documentation Reviews
Plan Quality
Resource Leveling
Contract
33. 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.
Documentation Reviews
Differences between Operations and Project
Collect Requirements
Forecasting
34. 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
Group Decision Making Techniques
Collocation
Free Float
Analogous Estimating / Top-down
35. 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
Plan Quality
Risk Database
Stakeholder Analysis
Configuration Management System
36. Effect on project objectives if the risk event occurs.
To-Complete Performance Index (TCPI)
Responsibility Assignment Matrix (RAM)
Bidder Conferences
Risk Consequences
37. 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.
Define Activities
Assumptions
Acceptance
Quality Improvement
38. Used to solicit proposals from prospective sellers
Procurement Management Plan
Procurement Documents
Scope Changes
Cost-reimbursable contracts
39. Process of numerically analyzing the effect of identified risks on overall project objectives.
Work Authorization System
Perform Quantitative Risk Analysis
Schedule Compression
Buyer-Seller relationship
40. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Project Assumption Testing
Rework
Organizational Policies
Risk Consequences
41. 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
Make-or-buy analysis
Initiation
Risk Database
Determine Budget
42. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t
Project Charter
Manage Stakeholder
Communication Requirements Analysis
Project Life Cycle
43. 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.
Control Scope
Expert Judgment
Work Results
Quality
44. Factors which - for planning purposes - are considered to be true - real or certain.
Assumptions
Monitor and Control Risks
Control Charts
External Feedback
45. 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.
Attribute Sampling vs. Variables Sampling
Functional Organization
Re-baselining
Fast Tracking
46. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Scope Change Control System
Bid / quotation
Project Selection Methods
Independent estimates
47. 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
Contract Change Control System
Resource Leveling
Constraints
Risk Categories
48. 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
Perform Quantitative Risk Analysis
Precedence Relationships
Cost Management Plan
Decomposition
49. Describes how risk management will be structured and performed on the project.
Plan Risk Management
Risk Management Plan
Staffing Pool Description
Workaround plans
50. Process of formalizing acceptance of the completed project deliverables
Buyer-Seller relationship
Matrix Organization
Verify Scope
Determine Budget