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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. 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.
Quality Improvement
Workaround plans
Revised Cost Estimates
Re-baselining
2. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Control Schedule
Statistical Sampling
Procurement Statements of Work (SOW)
Resource Pool Descriptions
3. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Work Results
Fast Tracking
Procurement Management Plan
Sub Network / Fragment Network
4. Special category of revised cost estimates to an approved cost baseline.
Project Communications Management
Identify Stakeholders
Control Charts
Prevention vs. Inspections
5. 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
External Feedback
Fast Tracking
Work Authorization System
Constraints
6. 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
Constraints
Verify Scope
Resource Calendar
Project Quality Management
7. 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.
Constraints
Project Risk Management
Contract Change Control System
Quality Audit
8. Factors that limit a buyer's options. E.g. - funds availability
Constraints
Benchmarking
Mandatory Dependencies (or Hard Logic)
Procurement performance reviews
9. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Free Float
Conduct Procurements
Collect Requirements
Project Procurement Management
10. A table that links requirements to their origin and traces them throughout the project life cycle
Change Control System
Subproject
Requirements Traceability Matrix
Graphical Evaluation and Review Technique (GERT)
11. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Project Procurement Management
Develop Human Resource Plan
Project Scope
12. 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
Schedule Compression
Risk Consequences
Simulation
13. Charts that are used to show positions and relationships in a graphical format.
Risk Consequences
Flowcharts
Lag
Organization Chart
14. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.
Project Risk Management
Monitor and Control Risks
Project Plan
Procurement negotiations
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.
Project Selection Methods
Attribute Sampling vs. Variables Sampling
External Feedback
Re-baselining
16. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Documentation Reviews
Estimate Activity Durations
Responsibility Assignment Matrix (RAM)
Administer procurements
17. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Work Results
Performance Reports
Control Account
Project Files
18. Process of defining and documenting stakeholders' needs to meet the project objectives
Collect Requirements
Proposal
Staffing Requirements
Project Management
19. A requirement imposed by a governmental body and its compliance is mandatory.
Regulation
To-Complete Performance Index (TCPI)
Avoidance
Coding Structure
20. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Initiation
Decision Tree
Project Cost Management
Quality Metrics
21. Process of identifying the specific actions to be performed to produce the project deliverables.
Contract
Define Activities
Avoidance
Identify Risks
22. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning
Process Adjustments
Scope Statement
Project Risk Management
Product description
23. 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
Monitor and Control Risks
Functional Organization
Acquire Project Team
Lag
24. Used to rate or score seller proposals
Change Requests
Responsibility Assignment Matrix (RAM)
Plan Quality
Source Selection Criteria
25. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg
Checklists
Define Scope
Code of Accounts
Acceptance
26. The policies - guidelines - or procedures that govern the recruitment of staff.
Rework
Transference
Recruitment Practices
Probability and impact matrix
27. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.
Requirements Management Plan
Risk Consequences
Work Breakdown Structure (WBS)
Program Evaluation and Review Technique (PERT)
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.
Procurement Management Plan
Distribute Information
Develop Schedule
Initiation
29. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Program
Scope Management Plan
Revised Cost Estimates
Data Precision Ranking
30. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica
Perform Quality Control
Project Plan
Communications management plan
Benchmarking
31. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Cost Management
Change Control System
Plan Risk Management
Perform Quantitative Risk Analysis
32. 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.
Mandatory Dependencies (or Hard Logic)
Initiation
Scope Management Plan
Program Evaluation and Review Technique (PERT)
33. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold
Contract
Stakeholder Analysis
Checklists
Flowcharts
34. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Perform Quantitative Risk Analysis
Workaround plans
Project Risk Management
Identify Stakeholders
35. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide
Root Cause Analysis
Risk Categories
Quality Improvement
Triggers
36. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Assumptions
Human Resource Practices
Differences between Operations and Project
Proposals
37. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Change Control System
Tolerances vs. Control limits
Data precision
Design of Experiments (DOE)
38. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Corrective Action
Code of Accounts
Project Life Cycle
Determine Budget
39. 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
Simulation
Stakeholder register
Project Integration Management
Tolerances vs. Control limits
40. 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
Define Activities
Free Float
System or Process
Benchmarking
41. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Define Activities
Human Resource Practices
Conduct Procurements
Organization Breakdown Structure
42. 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.
Mathematical Analysis
Buyer-Seller relationship
Schedule updates
Procurement Management Plan
43. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Scope Management Plan
Prevention vs. Inspections
Project Procurement Management
Scope Statement
44. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Lead
Control Scope
Project Schedule Network Diagrams
Estimate to Complete (ETC)
45. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Sensitivity Analysis
Mandatory Dependencies (or Hard Logic)
Estimate Activity Resources
Product Analysis
46. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Schedule updates
Activity List
Work Results
Tolerances vs. Control limits
47. 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.
Proposal
Project Integration Management
Contingency - Buffer - Reserve
Identify Risks
48. 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.
Organizational Policies
Estimate at Completion (EAC)
Develop Schedule
Cost Management Plan
49. 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 Communications Management
Project Management Information Systems (PMIS)
Procurement Statements of Work (SOW)
Critical Path Methodology (CPM)
50. Describes the need - justification - requirements - and current boundaries for the project.
Scope baseline
Project Procurement Management
Resource Leveling
Total Float