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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. 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.
Plan Procurements
Product description
Resource Pool Descriptions
Bidder Conferences
2. 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
Administer procurements
Total Float
Brainstorming
Corrective Action
3. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Simulation
Grade
Project Scope
Procurement Statements of Work (SOW)
4. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched
Project Time Management
Contract
Fixed- price contracts
Life Cycle Costing
5. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Manage Stakeholder
Procurement Statements of Work (SOW)
Estimate Activity Durations
Schedule Compression
6. Any numbering system used to uniquely identify each component of the work breakdown structure.
To-Complete Performance Index (TCPI)
Make-or-buy analysis
Time and Material (T&M) Contracts
Code of Accounts
7. 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.
Indirect costs / Overhead costs
Project Management Information Systems (PMIS)
Revised Cost Estimates
Project Quality Management
8. Records of previous project results that can be used to identify risks.
Project Files
Control Charts
Close procurements
Control Costs
9. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.
Identify Stakeholders
Communications management plan
Phase Exits/ Stage Gates/ Kill Points
Control Costs
10. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Risk probability
Sequence Activities
Close procurements
Simulation
11. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Product Description
Scope Management Plan
Control Charts
Conditional Diagramming Methods
12. Modifications to the cost estimation prepared for the project
Process Adjustments
Revised Cost Estimates
Coding Structure
Risk management policies
13. Outcome of activities performed to accomplish the project.
Schedule updates
Project Closeout
Verify Scope
Work Results
14. A documented list of project team members - their project roles - and communication information.
Project Stakeholders
Project Team Directory
Bid / quotation
Lead
15. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Earned Value Analysis
Budget Updates
Schedule updates
Resource Calendar
16. 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.
Project Closeout
Cost Management Plan
Project Cost Management
Mandatory Dependencies (or Hard Logic)
17. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Estimate at Completion (EAC)
Probabilistic Analysis of the project
Formal acceptance and closure
Program Evaluation and Review Technique (PERT)
18. 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.
Risk Register
Collocation
Information Distribution Methods
Schedule Compression
19. 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
Product Scope
Develop Schedule
Project Stakeholders
Life Cycle Costing
20. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Documentation Reviews
Conditional Diagramming Methods
Differences between Operations and Project
Communication Requirements Analysis
21. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac
Lessons Learned
Project Cost Management
Responsibility Assignment Matrix (RAM)
Requirements Documentation
22. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Prototypes
Residual Risks
Design of Experiments (DOE)
Mitigation
23. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Forecasting
Buyer-Seller relationship
Project Charter
Data precision
24. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec
Prevention vs. Inspections
Lead
Requirements Traceability Matrix
Project Risk Management
25. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Process Adjustments
Technical performance measurement
Deliverable
Perform Qualitative Risk Analysis
26. 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.
Time and Material (T&M) Contracts
Focus groups
Subproject
Constraints
27. Special category of revised cost estimates to an approved cost baseline.
Cost Management Plan
Training
Lessons Learned
Budget Updates
28. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Pareto Diagram/ Chart
Work Results
Project Cost Management
Statistical Sampling
29. 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.
Prevention vs. Inspections
Project Cost Management
Information Distribution Methods
Make-or-buy analysis
30. 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.
Life Cycle Costing
Plan Communications
Statistical Sampling
Prevention vs. Inspections
31. 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.
Decision Tree
Project Procurement Management
Quality
Probabilistic Analysis of the project
32. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Acquire Project Team
Work Results
Communications Technology
Constraints
33. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Estimate to Complete (ETC)
Resource Leveling
Plan Risk Management
Close procurements
34. Processes and procedures developed for the closing or canceling of projects.
Inspection
Determine Budget
Transference
Revised Cost Estimates
35. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Prioritized list of quantified risks
To-Complete Performance Index (TCPI)
Determine Budget
Assumptions
36. 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
Time and Material (T&M) Contracts
Decomposition
Perform Qualitative Risk Analysis
Resource Calendar
37. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Secondary Risks
Inspection
Free Float
Probabilistic Analysis of the project
38. The work that must be done to deliver a product with the specified features and functions
Plan Quality
Risk Management Plan
Project Scope
Resource Leveling
39. Process of obtaining seller responses - selecting a seller - and awarding a contract
Project Assumption Testing
Procurement negotiations
Sub Network / Fragment Network
Conduct Procurements
40. 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.
Stakeholder register
Scope baseline
Additional Risk Response Planning
Stakeholder Analysis
41. 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
Procurement resources
Scope Change Control System
Flowcharts
Earned Value Analysis
42. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Work Results
Focus groups
Communications Technology
43. Describes how risk management will be structured and performed on the project.
Product Analysis
Project Planning Methodology
Constraints
Risk Management Plan
44. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Program Evaluation and Review Technique (PERT)
Deliverable
Project Risk Management
Develop Schedule
45. 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.
Communications Technology
Projectized Organization
Resource Leveling
Cost Management Plan
46. Describes how individual requirements meet the business need for the project.
Buyer-Seller relationship
Procurement file
Requirements Documentation
Proposals
47. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Project Management
Resource Leveling
Project Team Directory
Procurement Statements of Work (SOW)
48. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Root Cause Analysis
Direct costs
Project Schedule Network Diagrams
External Feedback
49. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Flowcharts
Buyer-Seller relationship
Re-baselining
Sub Network / Fragment Network
50. 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.
Corrective Action
Decision Tree
Trend Analysis
Estimate at Completion (EAC)