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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. 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
Project Procurement Management
Responsibility Assignment Matrix (RAM)
Project Communications Management
Plan Risk Management
2. 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
Monitor and Control Risks
External Feedback
Assumptions Analysis
Fast Tracking
3. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Simulation
Recruitment Practices
Project
Design of Experiments (DOE)
4. Factors that limit a buyer's options. E.g. - funds availability
Budget Updates
Phase Exits/ Stage Gates/ Kill Points
Constraints
Initiation
5. Special category of revised cost estimates to an approved cost baseline.
Estimate Costs
Statistical Sampling
Prevention vs. Inspections
Checklists
6. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Transference
Status Review Meetings
Benchmarking
Monitor and Control Risks
7. Collection of generally sequential project phases.
Scope Statement
Organizational Policies
To-Complete Performance Index (TCPI)
Project Life Cycle
8. 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
Project
Work Results
Simulation
9. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned
Budget Updates
Lessons Learned
Identify Stakeholders
Project Closeout
10. 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
Workaround plans
Perform Quantitative Risk Analysis
Cost Management Plan
Product description
11. The work that must be done to deliver a product with the specified features and functions
Fixed- price contracts
Project Scope
Project Procurement Management
Organization Chart
12. 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.
Plan Risk Responses
Project Scope
Estimate at Completion (EAC)
Projectized Organization
13. 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
Inspection
Cost Management Plan
Training
Parametric Estimating
14. Used to rate or score seller proposals
Contract Change Control System
Forecasting
Risk Categories
Source Selection Criteria
15. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co
Plan Procurements
Estimate at Completion (EAC)
Administer procurements
Stakeholder register
16. 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
Recruitment Practices
Constraints
Trend Analysis
17. Used to solicit proposals from prospective sellers
Procurement Documents
Residual Risks
Source Selection Criteria
Estimate to Complete (ETC)
18. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.
Assumptions Analysis
Project Risk Management
Graphical Evaluation and Review Technique (GERT)
Independent estimates
19. Includes the processes that organize - manage - and lead the project team.
Estimate Activity Resources
Fixed- price contracts
Communication Requirements Analysis
Project Human Resource Management
20. 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
Re-baselining
Quality Management Plan
Benchmarking
Workaround plans
21. Process of defining how to conduct risk management activities for a project.
Re-baselining
Activity List
Plan Risk Management
Inspection
22. Modifications to the cost estimation prepared for the project
Revised Cost Estimates
Scope baseline
Checklists
Estimate Activity Durations
23. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Interviews
Coding Structure
Procurement negotiations
Procurement Management Plan
24. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.
Indirect costs / Overhead costs
Sensitivity Analysis
Estimate Activity Durations
Administer procurements
25. 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
Resource Calendar
Bottom-up Estimating
Pareto Diagram/ Chart
26. Project team must measure itself periodically against the expectations of those outside the project.
External Feedback
Training
Decision Tree
Total Float
27. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Total Float
Staffing Pool Description
Earned Value Analysis
Activity List
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
Requirements Documentation
Facilitated Workshops
Corrective Action
Configuration Management System
29. 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
Quality Policy
Flowcharts
Report Performance
Project Selection Methods
30. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Risk
Status Review Meetings
Organization Chart
Collect Requirements
31. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Root Cause Analysis
Corrective Action
Configuration Management System
Transference
32. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Quality Audit
Project Files
Project Team Directory
Program
33. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana
Analogous Estimating / Top-down
Control Charts
Project Communications Management
Project Planning Methodology
34. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Templates
Trend Analysis
Life Cycle Costing
Functional Organization
35. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Precedence Relationships
Trend Analysis
Project Plan
Decision Tree
36. Charts that are used to show positions and relationships in a graphical format.
Trend Analysis
Organization Chart
Constraints
Bid / quotation
37. 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
Interviews
Transference
Team Development
Project Scope Management
38. 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
Collocation
Project Communications Management
Avoidance
Project Portfolio Management
39. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Performance Reviews
Project Assumption Testing
Statistical Sampling
Develop Human Resource Plan
40. Technique to evaluate the degree to which data about risks is useful for risk management.
Data Precision Ranking
Collocation
Secondary Risks
Project Records
41. Involves setting a fixed total price for a defined product or service to be provided.
Develop Human Resource Plan
Fixed- price contracts
Forecasting
Bottom-up Estimating
42. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project
Observations
Independent estimates
Project Management
43. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Buyer-Seller relationship
Project Procurement Management
Coding Structure
Project Charter
44. Approved modifications to the project schedule that are used to manage the project
Schedule updates
Perform Qualitative Risk Analysis
Transference
Checklists
45. 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
Cost Performance Baseline
Sensitivity Analysis
Documentation Reviews
Source Selection Criteria
46. A requirement imposed by a governmental body and its compliance is mandatory.
Regulation
Project Management
Control Scope
Procurement performance reviews
47. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.
Risk Audits
Earned Value Analysis
Resource Calendar
Forecasting
48. Describes how individual requirements meet the business need for the project.
Procurement performance reviews
Procurement resources
Precedence Relationships
Requirements Documentation
49. 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
Resource Calendar
Project Time Management
Staffing Pool Description
Lessons Learned
50. Describes the need - justification - requirements - and current boundaries for the project.
Collect Requirements
Group Decision Making Techniques
Scope baseline
Project Scope