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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 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
Project Risk Management
Probabilistic Analysis of the project
Risk Audits
Acquire Project Team
2. 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.
Identify Stakeholders
Contract
Critical Path Method
Scope Changes
3. 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.
Pareto Diagram/ Chart
Probability and impact matrix
Plan Communications
Close procurements
4. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Risk probability
Coding Structure
Project Management Information Systems (PMIS)
Quantitatively based durations
5. 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 Files
Procurement Management Plan
Project Scope
Qualified seller lists
6. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Contract Change Control System
Change Control System
Staffing Requirements
Project Plan
7. 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.
Probability and impact matrix
Configuration Management System
Independent estimates
Sub Network / Fragment Network
8. 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
Acceptance
Similarities between Operations and Projects
Communications management plan
Change Control System
9. 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.
Re-baselining
Project Cost Management
Product Scope
Expert Judgment
10. 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 Scope
Project Management Information Systems (PMIS)
Project Procurement Management
Risk Categories
11. 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
Performance Reviews
Change Requests
Simulation
12. Process of obtaining seller responses - selecting a seller - and awarding a contract
Differences between Operations and Project
Conduct Procurements
Pareto Diagram/ Chart
Work Results
13. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Subproject
Acquire Project Team
Communication Requirements Analysis
Indirect costs / Overhead costs
14. Meetings held to assess project status and/or progress.
Residual Risks
Administer procurements
Performance Reviews
Conditional Diagramming Methods
15. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Quality
Quality Audit
Templates
Control Account
16. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Benchmarking
Estimate to Complete (ETC)
Process Adjustments
Project Management
17. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Administer procurements
Quantitatively based durations
Simulation
To-Complete Performance Index (TCPI)
18. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start
Plan Quality
Precedence Relationships
Bid / quotation
Earned Value Analysis
19. Determining which risks may affect the project and documenting their characteristics.
Revised Cost Estimates
Schedule Compression
Identify Risks
Inspection
20. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.
Checklists
Process Adjustments
Assumptions Analysis
Triggers
21. Terms used when the source selection decision will be based on price
Time and Material (T&M) Contracts
Quality Policy
Bid / quotation
Estimate Activity Durations
22. 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.
Performance Reviews
Flowcharts
Data precision
External Feedback
23. 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
Flowcharts
Functional Organization
Observations
Control Scope
24. 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.
Expert Judgment
Acceptance
Source Selection Criteria
Rework
25. A table that links requirements to their origin and traces them throughout the project life cycle
Stakeholder Analysis
Requirements Traceability Matrix
Critical Path Methodology (CPM)
Project Life Cycle
26. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Project Selection Methods
Grade
Stakeholder register
External Feedback
27. 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
Crashing
Simulation
Flowcharts
Control Charts
28. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Analogous Estimating (top-down)
Probability and impact matrix
Interviews
Estimate Costs
29. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Facilitated Workshops
Grade
Observations
Collocation
30. 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
Project Plan Updates
Scope Management Plan
Organization Chart
Plan Procurements
31. 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.
Verify Scope
Pareto Diagram/ Chart
Program Evaluation and Review Technique (PERT)
Rework
32. Describes how individual requirements meet the business need for the project.
Independent estimates
Requirements Documentation
Total Float
Identify Stakeholders
33. A project is a temporary endeavor undertaken to create a unique product - service - or result
Perform Qualitative Risk Analysis
Responsibility Assignment Matrix (RAM)
Communications Technology
Project
34. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Time and Material (T&M) Contracts
Risk Register
Procurement resources
Probabilistic Analysis of the project
35. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Functional Organization
Analogous Estimating / Top-down
Prevention vs. Inspections
Project Quality Management
36. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.
Project Quality Management
Assumptions
Project
Lessons Learned
37. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Requirements Documentation
Work Results
Residual Risks
Qualified seller lists
38. Any numbering system used to uniquely identify each component of the work breakdown structure.
Quality Management Plan
Avoidance
Cost-reimbursable contracts
Quality Policy
39. Factors which - for planning purposes - are considered to be true - real or certain.
Assumptions
Quality Management Plan
Root Cause Analysis
Monitor and Control Risks
40. 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.
Buyer-Seller relationship
Corrective Action
Plan Quality
Constraints
41. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Observations
Organization Breakdown Structure
Procurement file
Constraints
42. Includes the processes that organize - manage - and lead the project team.
Organizational Policies
Direct costs
Project Assumption Testing
Project Human Resource Management
43. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Facilitated Workshops
Requirements Traceability Matrix
Project Quality Management
Matrix Organization
44. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Communication Requirements Analysis
Develop Human Resource Plan
Resource Leveling
Lead
45. Quantities to be performed for each specific category - and can be used to estimate activity durations
Plan Procurements
Quantitatively based durations
Work Breakdown Structure (WBS)
Project Team Directory
46. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Sub Network / Fragment Network
Inspection
Schedule updates
Procurement performance reviews
47. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Determine Budget
Estimate Costs
Simulation
Report Performance
48. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Bottom-up Estimating
Staffing Requirements
Schedule updates
Resource Pool Descriptions
49. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Control Charts
Product Scope
Critical Path Methodology (CPM)
Project Selection Methods
50. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Control Charts
Cost-reimbursable contracts
Statistical Sampling
Design of Experiments (DOE)