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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. 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
Project Quality Management
Program
Life Cycle Costing
Risk Database
2. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Plan Quality
Status Review Meetings
Procurement audits
Performance Reviews
3. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Constraints
Data precision
Organizational Policies
Sequence Activities
4. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Risk Database
Cost-reimbursable contracts
Analogous Estimating (top-down)
Acquire Project Team
5. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Risk Database
Control Charts
Grade
Proposals
6. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Forecasting
Risk probability
Organization Breakdown Structure
Probability and impact matrix
7. 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.
Quantitatively based durations
Program Evaluation and Review Technique (PERT)
Project Stakeholders
Inspection
8. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Facilitated Workshops
Procurement performance reviews
Statistical Sampling
Free Float
9. 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
Inspection
Sequence Activities
Cost Performance Baseline
Control Charts
10. 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
Mandatory Dependencies (or Hard Logic)
Project Human Resource Management
External Dependencies
Brainstorming
11. 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
Indirect costs / Overhead costs
Total Float
Requirements Traceability Matrix
Proposals
12. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Change Requests
Project Files
Procurement Documents
Quality Metrics
13. Process of formalizing acceptance of the completed project deliverables
Verify Scope
Project Schedule Network Diagrams
Work Authorization System
Checklists
14. 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
Critical Path Methodology (CPM)
Project Integration Management
Crashing
Prototypes
15. 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.
Resource Leveling
Quality Policy
Cost Management Plan
Project Files
16. Involves setting a fixed total price for a defined product or service to be provided.
Scope baseline
Organization Breakdown Structure
Requirements Traceability Matrix
Fixed- price contracts
17. Factors that limit a buyer's options. E.g. - funds availability
Communications management plan
Constraints
Project Management
Project Communications Management
18. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Contract Change Control System
Re-baselining
Cost-reimbursable contracts
Organization Breakdown Structure
19. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.
Plan Risk Responses
Probability and impact matrix
Risk Categories
Project Team Directory
20. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Transference
Verify Scope
Bottom-up Estimating
Define Activities
21. Charts that are used to show positions and relationships in a graphical format.
Assumptions
Organization Chart
Product Description
Define Scope
22. 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.
Make-or-buy analysis
Process Adjustments
Monitor and Control Risks
Qualified seller lists
23. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Conditional Diagramming Methods
Procurement audits
Resource Calendar
Data precision
24. Any numbering system used to uniquely identify each component of the work breakdown structure.
Residual Risks
Sensitivity Analysis
Quality Policy
Verify Scope
25. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con
Project Portfolio Management
Risk
Performance Reviews
Develop Schedule
26. Allows for probabilistic treatment of both network logic and activity duration estimates
Graphical Evaluation and Review Technique (GERT)
Procurement Documents
Analogous Estimating / Top-down
Residual Risks
27. 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.
Regulation
Re-baselining
Subproject
Checklists
28. 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
Re-baselining
Configuration Management System
Scope Changes
Prioritized list of quantified risks
29. 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
Project Human Resource Management
Matrix Organization
Administer procurements
Focus groups
30. 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.
Project Quality Management
Procurement Management Plan
Quality Improvement
Quality Audit
31. Quantities to be performed for each specific category - and can be used to estimate activity durations
System or Process
Product Scope
Quantitatively based durations
Product Analysis
32. 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
Project Scope Management
Quality Improvement
Control Account
Design of Experiments (DOE)
33. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Life Cycle Costing
Bid / quotation
Prototypes
Checklists
34. 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
Plan Communications
Similarities between Operations and Projects
Templates
Collocation
35. A project is a temporary endeavor undertaken to create a unique product - service - or result
Plan Risk Management
Group Creativity Techniques
Probabilistic Analysis of the project
Project
36. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Phase Exits/ Stage Gates/ Kill Points
Work Results
Control Costs
Independent estimates
37. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Requirements Management Plan
Information Distribution Methods
Deliverable
Estimate Costs
38. 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.
Communications Technology
Quality Metrics
Constraints
Recruitment Practices
39. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Projectized Organization
System or Process
Resource Pool Descriptions
Plan Communications
40. 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.
Communication Requirements Analysis
Change Requests
Triggers
Prioritized list of quantified risks
41. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.
Prevention vs. Inspections
Total Float
Critical Path Method
Direct costs
42. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Life Cycle Costing
Direct costs
Project Portfolio Management
Mathematical Analysis
43. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Distribute Information
Probability and impact matrix
Resource Pool Descriptions
Formal acceptance and closure
44. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Scope Statement
Requirements Management Plan
Staffing Pool Description
Formal acceptance and closure
45. 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.
Perform Quantitative Risk Analysis
Critical Path Methodology (CPM)
Pareto Diagram/ Chart
Perform Quality Control
46. 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
Subproject
Work Results
Bottom-up Estimating
Code of Accounts
47. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu
To-Complete Performance Index (TCPI)
Precedence Relationships
Project
Project Management
48. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Project Communications Management
Analogous Estimating / Top-down
Resource Calendar
Project Charter
49. Collection of generally sequential project phases.
Plan Quality
Templates
Project Life Cycle
Projectized Organization
50. Factors which - for planning purposes - are considered to be true - real or certain.
Control Charts
Quality
Interviews
Assumptions