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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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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.
Project Quality Management
Staffing Pool Description
Procurement Statements of Work (SOW)
Formal acceptance and closure
2. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Project Plan
Project Charter
Direct costs
Coding Structure
3. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Coding Structure
Close procurements
Project Files
Contract Change Control System
4. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Subproject
Resource Pool Descriptions
Resource Leveling
Cost Management Plan
5. 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
Project Risk Management
Project Human Resource Management
Program
6. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Report Performance
Sub Network / Fragment Network
Collect Requirements
Earned Value Analysis
7. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Project Quality Management
Human Resource Practices
Avoidance
Product Description
8. 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
Work Results
Manage Stakeholder
Forecasting
9. 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
Project Integration Management
Team Development
External Dependencies
10. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the
Project Stakeholders
Secondary Risks
Project Life Cycle
Distribute Information
11. 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
Earned Value Analysis
Develop Schedule
Simulation
12. 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.
Project Life Cycle
Triggers
Technical performance measurement
Tolerances vs. Control limits
13. 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
Life Cycle Costing
Checklists
Procurement audits
Quality Assurance
14. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Staffing Pool Description
Inspection
Organizational Policies
Performance Reviews
15. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Re-baselining
Performance Reports
Independent estimates
Schedule Baseline
16. The work that must be done to deliver a product with the specified features and functions
Benchmarking
Project Closeout
Project Scope
Critical Path Methodology (CPM)
17. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Corrective Action
Project Team Directory
Project Closeout
Cost-reimbursable contracts
18. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana
Risk probability
Project Communications Management
Project Schedule Network Diagrams
Project Procurement Management
19. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Acquire Project Team
Estimate at Completion (EAC)
Report Performance
Control Account
20. 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
Procurement file
Lessons Learned
Perform Qualitative Risk Analysis
Inspection
21. 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.
Control Scope
Work Authorization System
Collocation
Triggers
22. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Identify Stakeholders
Trend Analysis
Plan Communications
Plan Quality
23. 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)
Tolerances vs. Control limits
Mathematical Analysis
Project Scope
24. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Lead
Work Results
Bidder Conferences
Design of Experiments (DOE)
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
Project Communications Management
Regulation
Coding Structure
Simulation
26. 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
Group Decision Making Techniques
Project Planning Methodology
Coding Structure
27. 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
Inspection
Procurement audits
Project Team Directory
Conduct Procurements
28. The process of determining project stakeholders' information needs and defining a communication approach.
Secondary Risks
Procurement negotiations
Plan Communications
Project Charter
29. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Corrective Action
Project Files
Estimate Costs
Facilitated Workshops
30. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Probability and impact matrix
Perform Quantitative Risk Analysis
Templates
Grade
31. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Project Schedule Network Diagrams
Matrix Organization
Cost Management Plan
Risk Categories
32. Factors that limit a buyer's options. E.g. - funds availability
Group Decision Making Techniques
Project Communications Management
Differences between Operations and Project
Constraints
33. 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
Sequence Activities
Scope baseline
Re-baselining
34. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the
Define Activities
Project Communications Management
Fast Tracking
Risk management policies
35. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.
Regulation
Schedule Baseline
Conduct Procurements
Assumptions Analysis
36. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Procurement file
Workaround plans
Constraints
Plan Risk Responses
37. 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
Risk Categories
Life Cycle Costing
Work Results
Risk Database
38. 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.
Project Planning Methodology
Project Quality Management
Collocation
Project Communications Management
39. 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
Risk Audits
Deliverable
Rework
Fast Tracking
40. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Prototypes
Status Review Meetings
Mathematical Analysis
Project Schedule Network Diagrams
41. Process of numerically analyzing the effect of identified risks on overall project objectives.
Resource Calendar
Requirements Documentation
Graphical Evaluation and Review Technique (GERT)
Perform Quantitative Risk Analysis
42. An applicable restriction that will affect the performance of the project/process.
Project Procurement Management
Revised Cost Estimates
Project Cost Management
Constraints
43. 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
Differences between Operations and Project
Status Review Meetings
Acceptance
Design of Experiments (DOE)
44. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Organization Breakdown Structure
Project Time Management
Resource Calendar
Risk probability
45. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Formal acceptance and closure
Decomposition
Secondary Risks
Scope Changes
46. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Conduct Procurements
Corrective Action
External Dependencies
Mathematical Analysis
47. Any numbering system used to uniquely identify each component of the work breakdown structure.
Graphical Evaluation and Review Technique (GERT)
Quality Policy
Risk Register
Probabilistic Analysis of the project
48. 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
Project Portfolio Management
Procurement resources
Scope Change Control System
49. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Work Results
Work Authorization System
Conditional Diagramming Methods
Communications Technology
50. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Coding Structure
Fast Tracking
Communications management plan
Mathematical Analysis
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