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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. Describes how individual requirements meet the business need for the project.
Tolerances vs. Control limits
Resource Pool Descriptions
Estimate Costs
Requirements Documentation
2. 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.
Schedule Compression
Quality Improvement
Project Cost Management
Scope Management Plan
3. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Quality Management
Precedence Relationships
Quality Metrics
Interviews
4. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Differences between Operations and Project
Product description
Inspection
Project Cost Management
5. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.
Training
Graphical Evaluation and Review Technique (GERT)
Quality Management Plan
Project Human Resource Management
6. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Perform Quantitative Risk Analysis
Documentation Reviews
Procurement audits
To-Complete Performance Index (TCPI)
7. The policies - guidelines - or procedures that govern the recruitment of staff.
Group Creativity Techniques
Mandatory Dependencies (or Hard Logic)
Bid / quotation
Recruitment Practices
8. Involves developing a better understanding of the product of the project
Change Requests
System or Process
Proposal
Product Analysis
9. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Prioritized list of quantified risks
Bidder Conferences
Monitor and Control Risks
Stakeholder Analysis
10. 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.
Critical Path Method
Technical performance measurement
Budget Updates
Project
11. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project
Project
Quality Metrics
External Dependencies
Precedence Relationships
12. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Deliverable
Project Selection Methods
Project Risk Management
Grade
13. 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
Performance Reviews
Procurement Management Plan
System or Process
Checklists
14. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Sub Network / Fragment Network
Scope Changes
Project Files
Project Schedule Network Diagrams
15. 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.
Projectized Organization
Project Scope
Control Costs
Work Results
16. Determining which risks may affect the project and documenting their characteristics.
Critical Path Method
Interviews
Inspection
Identify Risks
17. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Regulation
Residual Risks
Sensitivity Analysis
Requirements Traceability Matrix
18. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Estimate Activity Durations
Project Plan
Determine Budget
Quality Policy
19. 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
Regulation
Recruitment Practices
Flowcharts
Determine Budget
20. 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
Project Plan Updates
Project Stakeholders
Re-baselining
21. 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.
Facilitated Workshops
Prioritized list of quantified risks
Observations
Performance Reviews
22. Charts that are used to show positions and relationships in a graphical format.
Stakeholder register
Organization Chart
Project Stakeholders
Benchmarking
23. 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
Project Management Information Systems (PMIS)
Project Human Resource Management
Focus groups
24. The work that must be done to deliver a product with the specified features and functions
Projectized Organization
Project Portfolio Management
Resource Leveling
Project Scope
25. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Phase Exits/ Stage Gates/ Kill Points
Report Performance
Functional Organization
Estimate to Complete (ETC)
26. 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
Contract Change Control System
Project Portfolio Management
Estimate Costs
Project Quality Management
27. 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.
Procurement negotiations
Revised Cost Estimates
Project Management Information Systems (PMIS)
Rework
28. 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
Group Decision Making Techniques
Contingency - Buffer - Reserve
Fixed- price contracts
Risk Database
29. 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.
Additional Risk Response Planning
Templates
Checklists
Requirements Traceability Matrix
30. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Simulation
Lag
Corrective Action
Budget Updates
31. 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
Quality Audit
Identify Stakeholders
Analogous Estimating / Top-down
Communications management plan
32. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Constraints
Assumptions Analysis
Cost-reimbursable contracts
Corrective Action
33. Technique to evaluate the degree to which data about risks is useful for risk management.
To-Complete Performance Index (TCPI)
Decomposition
Proposals
Data Precision Ranking
34. Factors which - for planning purposes - are considered to be true - real or certain.
Pareto Diagram/ Chart
Assumptions
Training
Functional Organization
35. 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
Procurement audits
Bottom-up Estimating
Work Results
Project Risk Management
36. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Brainstorming
Contract
Risk Consequences
Buyer-Seller relationship
37. Processes and procedures developed for the closing or canceling of projects.
Proposal
Project Closeout
Formal acceptance and closure
Independent estimates
38. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Project Cost Management
Root Cause Analysis
Organization Breakdown Structure
Lead
39. Includes the processes that organize - manage - and lead the project team.
Earned Value Analysis
Constraints
Buyer-Seller relationship
Project Human Resource Management
40. 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
Estimate to Complete (ETC)
Parametric Estimating
Quality Assurance
Project Scope Management
41. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers
Project Human Resource Management
Prevention vs. Inspections
Constraints
Qualified seller lists
42. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Status Review Meetings
Scope Statement
Conditional Diagramming Methods
Project Management
43. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Plan Communications
Cost Performance Baseline
Inspection
Proposals
44. A table that links requirements to their origin and traces them throughout the project life cycle
Requirements Traceability Matrix
Proposals
Estimate to Complete (ETC)
Resource Leveling
45. 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.
Bid / quotation
Cost Management Plan
Proposal
Procurement resources
46. 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.
Collocation
Sensitivity Analysis
Verify Scope
Communication Requirements Analysis
47. 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.
Cost Management Plan
Project Cost Management
Project Time Management
Distribute Information
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.
Project Planning Methodology
Requirements Traceability Matrix
Pareto Diagram/ Chart
Manage Stakeholder
49. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Project Cost Management
Procurement negotiations
Training
Scope Management Plan
50. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg
Risk Consequences
Develop Human Resource Plan
Expert Judgment
Regulation