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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. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are
Simulation
Project Human Resource Management
Prioritized list of quantified risks
Work Results
2. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews
Phase Exits/ Stage Gates/ Kill Points
Contract
Grade
Determine Budget
3. Process of identifying the specific actions to be performed to produce the project deliverables.
Define Activities
Work Authorization System
Assumptions
Control Costs
4. 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
Benchmarking
Training
Analogous Estimating (top-down)
Communications Technology
5. Determining which risks may affect the project and documenting their characteristics.
Resource Leveling
Identify Risks
Re-baselining
Perform Qualitative Risk Analysis
6. An applicable restriction that will affect the performance of the project/process.
Constraints
Data Precision Ranking
Project Communications Management
Forecasting
7. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Cost Management Plan
Training
Transference
Quality Improvement
8. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Schedule updates
Requirements Documentation
Constraints
Administer procurements
9. 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.
Schedule Baseline
Control Scope
Plan Quality
Project Records
10. 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.
Simulation
Make-or-buy analysis
Subproject
Project Cost Management
11. 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
To-Complete Performance Index (TCPI)
Recruitment Practices
Residual Risks
Risk Database
12. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold
Risk Database
Define Scope
Stakeholder Analysis
Identify Stakeholders
13. Process of defining and documenting stakeholders' needs to meet the project objectives
Project Human Resource Management
Collect Requirements
Risk
Design of Experiments (DOE)
14. Charts that are used to show positions and relationships in a graphical format.
Templates
Organization Chart
Activity List
Information Distribution Methods
15. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Report Performance
Define Scope
Project Management
Critical Path Methodology (CPM)
16. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe
Bid / quotation
Procurement audits
Quantitatively based durations
Define Scope
17. 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
Total Float
Simulation
Bottom-up Estimating
Control Account
18. 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
Analogous Estimating (top-down)
Control Schedule
Project Life Cycle
Design of Experiments (DOE)
19. 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.
Simulation
Quality Improvement
Information Distribution Methods
Project Schedule Network Diagrams
20. 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
Identify Stakeholders
Risk Register
Crashing
21. 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
Conduct Procurements
Re-baselining
Project Schedule
Risk Management Plan
22. A table that links requirements to their origin and traces them throughout the project life cycle
Requirements Traceability Matrix
Direct costs
Proposal
Critical Path Method
23. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v
Fast Tracking
Sensitivity Analysis
Formal acceptance and closure
Distribute Information
24. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Administer procurements
Additional Risk Response Planning
Project
Decision Tree
25. 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
Total Float
Project Communications Management
Budget Updates
Work Results
26. 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.
Work Authorization System
Identify Stakeholders
Functional Organization
Cost Management Plan
27. Describes how individual requirements meet the business need for the project.
Performance Reviews
Project Selection Methods
Project Team Directory
Requirements Documentation
28. 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
Resource Pool Descriptions
Regulation
Perform Quantitative Risk Analysis
Fast Tracking
29. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r
Procurement negotiations
Resource Leveling
Project Risk Management
Project Planning Methodology
30. 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
Project Team Directory
Project Management
Information Distribution Methods
Analogous Estimating / Top-down
31. 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
Plan Communications
Project Schedule
Flowcharts
Analogous Estimating (top-down)
32. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Coding Structure
Corrective Action
Project Team Directory
Free Float
33. 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.
Project Cost Management
Projectized Organization
Control Costs
Control Schedule
34. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Procurement performance reviews
Develop Schedule
Indirect costs / Overhead costs
Work Results
35. The work that must be done to deliver a product with the specified features and functions
Checklists
Contract Change Control System
Project Scope
Initiation
36. 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.
Organization Chart
Grade
Plan Risk Responses
Simulation
37. 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
Initiation
Re-baselining
Stakeholder register
Project Portfolio Management
38. 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.
Life Cycle Costing
Crashing
Group Decision Making Techniques
Rework
39. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Proposal
Communication Requirements Analysis
Scope Statement
Work Breakdown Structure (WBS)
40. A formal or informal approach to obtain information from stakeholders by talking to them directly
Perform Qualitative Risk Analysis
Grade
Administer procurements
Interviews
41. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Decomposition
Project Files
Scope Statement
Corrective Action
42. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Proposals
Simulation
Pareto Diagram/ Chart
Benchmarking
43. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Quantitatively based durations
Project Communications Management
Risk Register
Bidder Conferences
44. 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.
Work Results
Sub Network / Fragment Network
Plan Risk Management
Trend Analysis
45. Modifications to the cost estimation prepared for the project
Perform Quality Control
Control Costs
Project Selection Methods
Matrix Organization
46. Any numbering system used to uniquely identify each component of the work breakdown structure.
Activity List
Quality Policy
Risk management policies
Root Cause Analysis
47. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Distribute Information
Mandatory Dependencies (or Hard Logic)
Project Files
Estimate Activity Resources
48. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Estimate Activity Resources
Performance Reviews
Tolerances vs. Control limits
Procurement Management Plan
49. 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
Bottom-up Estimating
Checklists
Free Float
Organizational Policies
50. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Project Time Management
Product Description
Project Files
Indirect costs / Overhead costs