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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 method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Prioritized list of quantified risks
Risk Audits
Prototypes
Probabilistic Analysis of the project
2. 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.
Team Development
Work Breakdown Structure (WBS)
Transference
Time and Material (T&M) Contracts
3. A documented list of project team members - their project roles - and communication information.
Scope Management Plan
Analogous Estimating (top-down)
Risk Register
Project Team Directory
4. Describes how risk management will be structured and performed on the project.
Procurement Management Plan
Similarities between Operations and Projects
Risk Management Plan
Determine Budget
5. 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
Assumptions Analysis
Total Float
Additional Risk Response Planning
Design of Experiments (DOE)
6. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Expert Judgment
Graphical Evaluation and Review Technique (GERT)
Documentation Reviews
Project Time Management
7. Records of previous project results that can be used to identify risks.
Quality Audit
Project Files
Lead
Probabilistic Analysis of the project
8. A project is a temporary endeavor undertaken to create a unique product - service - or result
Interviews
Triggers
Project
Procurement resources
9. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Project Plan Updates
Work Results
Bottom-up Estimating
Project Schedule
10. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This
Procurement performance reviews
Project Files
Checklists
Project Schedule
11. 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
Estimate Activity Resources
Re-baselining
Prototypes
Brainstorming
12. 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.
Templates
Procurement negotiations
Contract Change Control System
Critical Path Methodology (CPM)
13. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.
Work Results
Risk Register
Perform Qualitative Risk Analysis
Project Assumption Testing
14. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.
Organization Breakdown Structure
Project Records
Group Creativity Techniques
Change Control System
15. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Scope Management
Project Quality Management
Product Analysis
Re-baselining
16. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Project Assumption Testing
Re-baselining
Fixed- price contracts
Graphical Evaluation and Review Technique (GERT)
17. Project team must measure itself periodically against the expectations of those outside the project.
Project Management Information Systems (PMIS)
External Feedback
Plan Risk Management
Cost Management Plan
18. A modification of a logical relationship that directs a delay in the successor activity.
Similarities between Operations and Projects
Product Scope
Scope baseline
Lag
19. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.
Risk Database
System or Process
Stakeholder Analysis
Rework
20. 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
Organizational Policies
Procurement Documents
Project Assumption Testing
Functional Organization
21. Factors that will limit the project management team's options (e.g. - a predefined budget)
Simulation
Constraints
Matrix Organization
Control Scope
22. 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
Human Resource Practices
Checklists
Information Distribution Methods
To-Complete Performance Index (TCPI)
23. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quality Control
Perform Quantitative Risk Analysis
Define Scope
Procurement Documents
24. Terms used when the source selection decision will be based on price
Assumptions
Corrective Action
Source Selection Criteria
Bid / quotation
25. Process of defining how to conduct risk management activities for a project.
Work Results
Project Scope
Quality Metrics
Plan Risk Management
26. Outcome of activities performed to accomplish the project.
Work Results
Subproject
Constraints
Probabilistic Analysis of the project
27. The process of determining project stakeholders' information needs and defining a communication approach.
Project Risk Management
Plan Communications
Project Scope Management
Bid / quotation
28. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.
Project Cost Management
Project Procurement Management
Perform Quantitative Risk Analysis
Qualified seller lists
29. 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
Plan Procurements
Risk Audits
Project Files
30. 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)
Deliverable
Plan Communications
Define Scope
31. 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.
Risk Register
Subproject
Estimate to Complete (ETC)
Technical performance measurement
32. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Procurement file
Avoidance
Prototypes
Resource Calendar
33. 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.
Attribute Sampling vs. Variables Sampling
Collocation
Scope Change Control System
Simulation
34. 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.
Constraints
Program Evaluation and Review Technique (PERT)
Fast Tracking
Time and Material (T&M) Contracts
35. 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.
Control Schedule
Rework
Estimate Costs
Cost Management Plan
36. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.
Monitor and Control Risks
Additional Risk Response Planning
Project Planning Methodology
Project Risk Management
37. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
External Feedback
Control Schedule
Benchmarking
Cost-reimbursable contracts
38. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Contingency - Buffer - Reserve
Organizational Policies
Project Quality Management
Project Assumption Testing
39. 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
Project Records
Secondary Risks
Constraints
40. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Grade
Lead
Revised Cost Estimates
Scope Change Control System
41. 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
Benchmarking
Project Integration Management
Proposal
Project Communications Management
42. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization
Initiation
Focus groups
Verify Scope
Acquire Project Team
43. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Inspection
Project Risk Management
Contract
Residual Risks
44. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform
Budget Updates
Design of Experiments (DOE)
System or Process
Analogous Estimating (top-down)
45. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Resource Calendar
Project Risk Management
Proposals
Process Adjustments
46. Meetings held to assess project status and/or progress.
Project Assumption Testing
Performance Reviews
Risk Management Plan
Regulation
47. Effect on project objectives if the risk event occurs.
Focus groups
Control Scope
Decomposition
Risk Consequences
48. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.
Staffing Pool Description
Schedule Baseline
Project Files
Mitigation
49. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Staffing Requirements
External Feedback
Additional Risk Response Planning
Quality Metrics
50. Any numbering system used to uniquely identify each component of the work breakdown structure.
Code of Accounts
Project Cost Management
Direct costs
Define Activities