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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. An applicable restriction that will affect the performance of the project/process.
Constraints
Functional Organization
Develop Human Resource Plan
Re-baselining
2. 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
Estimate Activity Resources
Lag
Product description
Analogous Estimating (top-down)
3. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Tolerances vs. Control limits
Estimate Costs
Project Schedule Network Diagrams
Plan Communications
4. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Perform Quantitative Risk Analysis
Define Activities
Risk Database
Project Assumption Testing
5. 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
Project Charter
Quality Assurance
Observations
Estimate Activity Resources
6. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Group Decision Making Techniques
Estimate Activity Resources
Statistical Sampling
Budget Updates
7. 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)
Performance Reviews
Procurement resources
Product Scope
8. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Sequence Activities
Control Account
Collocation
Process Adjustments
9. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Contingency - Buffer - Reserve
Free Float
Administer procurements
Project Risk Management
10. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Team Building Activities
Staffing Requirements
Change Control System
Monitor and Control Risks
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.
Estimate at Completion (EAC)
Group Decision Making Techniques
Risk Audits
Phase Exits/ Stage Gates/ Kill Points
12. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Fixed- price contracts
Project Quality Management
Re-baselining
Process Adjustments
13. 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.
Project Management Information Systems (PMIS)
Simulation
Constraints
Bid / quotation
14. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Change Requests
Program
Define Activities
Project Schedule
15. Includes the processes that organize - manage - and lead the project team.
Project Human Resource Management
Recruitment Practices
Estimate to Complete (ETC)
Probability and impact matrix
16. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans
Similarities between Operations and Projects
Control Charts
Triggers
Matrix Organization
17. 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
Regulation
Project Stakeholders
Change Requests
Procurement Management Plan
18. 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
Fast Tracking
Prevention vs. Inspections
Life Cycle Costing
Graphical Evaluation and Review Technique (GERT)
19. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Graphical Evaluation and Review Technique (GERT)
Transference
Benchmarking
Source Selection Criteria
20. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Matrix Organization
Product Scope
Critical Path Method
Mathematical Analysis
21. 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
Communication Requirements Analysis
Matrix Organization
System or Process
Lessons Learned
22. Processes and procedures developed for the closing or canceling of projects.
Performance Reports
Attribute Sampling vs. Variables Sampling
Contingency - Buffer - Reserve
Project Closeout
23. Process of defining how to conduct risk management activities for a project.
Sensitivity Analysis
Bid / quotation
Control Charts
Plan Risk Management
24. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Mandatory Dependencies (or Hard Logic)
Estimate Activity Durations
Cost Performance Baseline
Facilitated Workshops
25. Project team must measure itself periodically against the expectations of those outside the project.
External Feedback
Organization Breakdown Structure
Project Procurement Management
Collect Requirements
26. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Report Performance
Make-or-buy analysis
Human Resource Practices
Phase Exits/ Stage Gates/ Kill Points
27. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Fixed- price contracts
Project Communications Management
Quality Improvement
Project Files
28. 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
Plan Quality
Earned Value Analysis
Parametric Estimating
29. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Prevention vs. Inspections
Risk Register
Schedule updates
Plan Risk Responses
30. 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
Project Scope Management
Monitor and Control Risks
Project Risk Management
Requirements Management Plan
31. 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
Status Review Meetings
Resource Pool Descriptions
Distribute Information
32. Charts that are used to show positions and relationships in a graphical format.
Risk management policies
Status Review Meetings
Organization Chart
Risk Audits
33. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.
Perform Quantitative Risk Analysis
Conditional Diagramming Methods
Sub Network / Fragment Network
Project Selection Methods
34. 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
Initiation
Decision Tree
Parametric Estimating
Expert Judgment
35. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Selection Methods
Formal acceptance and closure
Risk Register
Benchmarking
36. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.
Project Planning Methodology
Information Distribution Methods
Prioritized list of quantified risks
Similarities between Operations and Projects
37. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Estimate Activity Durations
Risk probability
Data Precision Ranking
Quality Audit
38. Factors which - for planning purposes - are considered to be true - real or certain.
Assumptions
Design of Experiments (DOE)
Avoidance
Phase Exits/ Stage Gates/ Kill Points
39. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.
Project Procurement Management
Budget Updates
Collocation
Qualified seller lists
40. 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
Contract Change Control System
Requirements Management Plan
Recruitment Practices
41. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Control Costs
Process Adjustments
Conduct Procurements
Product Description
42. Considers the characteristics of those prospective staff who are available to join the project team.
Constraints
Staffing Pool Description
Projectized Organization
Conditional Diagramming Methods
43. 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
Revised Cost Estimates
Project Scope
Risk Database
Bidder Conferences
44. Process of numerically analyzing the effect of identified risks on overall project objectives.
Templates
Expert Judgment
Phase Exits/ Stage Gates/ Kill Points
Perform Quantitative Risk Analysis
45. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Staffing Pool Description
Determine Budget
Focus groups
Constraints
46. A modification of a logical relationship that directs a delay in the successor activity.
Lag
Data Precision Ranking
Project Quality Management
Information Distribution Methods
47. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Procurement Management Plan
Project Stakeholders
Statistical Sampling
Administer procurements
48. 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 Procurement Management
Projectized Organization
Revised Cost Estimates
Team Development
49. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Probabilistic Analysis of the project
Training
Proposal
Acquire Project Team
50. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Project Management
Risk Register
Procurement Statements of Work (SOW)
Identify Risks