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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. Methods used to distribute information to team members and other stakeholders.
Residual Risks
Conduct Procurements
Facilitated Workshops
Information Distribution Methods
2. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define
Time and Material (T&M) Contracts
Precedence Relationships
Schedule Baseline
Activity List
3. 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.
Risk probability
Project Communications Management
Schedule Baseline
Observations
4. A documented list of project team members - their project roles - and communication information.
Project Management
Project Team Directory
Direct costs
Similarities between Operations and Projects
5. 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
Requirements Documentation
Indirect costs / Overhead costs
Resource Pool Descriptions
6. Factors which - for planning purposes - are considered to be true - real or certain.
Constraints
Assumptions
Flowcharts
Mandatory Dependencies (or Hard Logic)
7. Describes how risk management will be structured and performed on the project.
Subproject
Report Performance
Contract
Risk Management Plan
8. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Staffing Pool Description
Procurement Statements of Work (SOW)
Data Precision Ranking
Qualified seller lists
9. Meetings held to assess project status and/or progress.
Project Time Management
Performance Reviews
Project Quality Management
Project Life Cycle
10. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Manage Stakeholder
Facilitated Workshops
Procurement negotiations
Organization Breakdown Structure
11. 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
Observations
Sensitivity Analysis
Subproject
Risk Management Plan
12. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Quantitatively based durations
Deliverable
Subproject
Procurement Management Plan
13. 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.
Brainstorming
Group Creativity Techniques
Identify Risks
Quality Management Plan
14. Collection of generally sequential project phases.
Scope Changes
Risk
Project Life Cycle
Activity List
15. 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
Similarities between Operations and Projects
Assumptions
Attribute Sampling vs. Variables Sampling
Lead
16. Processes and procedures developed for the closing or canceling of projects.
Program Evaluation and Review Technique (PERT)
Plan Quality
Project Closeout
Statistical Sampling
17. 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
Qualified seller lists
Simulation
Acquire Project Team
Independent estimates
18. 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
Precedence Relationships
Phase Exits/ Stage Gates/ Kill Points
Group Decision Making Techniques
Simulation
19. 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.
Scope baseline
Indirect costs / Overhead costs
Attribute Sampling vs. Variables Sampling
Procurement performance reviews
20. 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
Procurement Management Plan
Program Evaluation and Review Technique (PERT)
Project Portfolio Management
Schedule updates
21. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Analogous Estimating (top-down)
Technical performance measurement
Constraints
Mathematical Analysis
22. Process of defining and documenting stakeholders' needs to meet the project objectives
Project Management Information Systems (PMIS)
Inspection
Analogous Estimating (top-down)
Collect Requirements
23. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Project Schedule
Estimate Costs
Fast Tracking
Performance Reports
24. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Re-baselining
Lag
Probabilistic Analysis of the project
Project Assumption Testing
25. Changing the project management plan to eliminate the threat entirely.
Avoidance
Conditional Diagramming Methods
Prototypes
Project Procurement Management
26. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Re-baselining
Change Requests
Training
Identify Stakeholders
27. 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
Assumptions Analysis
Simulation
Quality Policy
Estimate Activity Resources
28. Any numbering system used to uniquely identify each component of the work breakdown structure.
Quality Policy
Corrective Action
Code of Accounts
Project Portfolio Management
29. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Tolerances vs. Control limits
Work Results
Assumptions Analysis
Project Communications Management
30. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Schedule updates
Bottom-up Estimating
Procurement performance reviews
Deliverable
31. Factors that will limit the project management team's options (e.g. - a predefined budget)
Subproject
Constraints
Scope Change Control System
Facilitated Workshops
32. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje
Product Scope
Project Records
Team Development
Facilitated Workshops
33. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.
Buyer-Seller relationship
Project Cost Management
Project Plan
Bidder Conferences
34. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Project Plan
Attribute Sampling vs. Variables Sampling
Free Float
Phase Exits/ Stage Gates/ Kill Points
35. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Project Files
Requirements Traceability Matrix
Sequence Activities
Perform Qualitative Risk Analysis
36. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Quality Assurance
Contract Change Control System
Work Results
Project Integration Management
37. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Control Charts
Control Scope
Flowcharts
Project Cost Management
38. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Project Human Resource Management
Quality Audit
Prioritized list of quantified risks
To-Complete Performance Index (TCPI)
39. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Decision Tree
Functional Organization
Critical Path Method
Corrective Action
40. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Performance Reviews
Quality Metrics
Program Evaluation and Review Technique (PERT)
Quality Audit
41. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Training
Determine Budget
Estimate to Complete (ETC)
Probabilistic Analysis of the project
42. Includes the processes that organize - manage - and lead the project team.
Constraints
Project Human Resource Management
Project Scope
Change Requests
43. An applicable restriction that will affect the performance of the project/process.
Re-baselining
Constraints
Change Requests
Estimate at Completion (EAC)
44. 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
Statistical Sampling
Project Scope
Change Control System
45. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Project Procurement Management
Prioritized list of quantified risks
Group Creativity Techniques
Resource Pool Descriptions
46. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking
Qualified seller lists
Fast Tracking
Scope baseline
Independent estimates
47. 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
Stakeholder Analysis
Group Creativity Techniques
Sensitivity Analysis
Work Breakdown Structure (WBS)
48. 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
Information Distribution Methods
Time and Material (T&M) Contracts
Bottom-up Estimating
Training
49. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.
Make-or-buy analysis
Product Description
Analogous Estimating / Top-down
Project Risk Management
50. Broader view of Project Cost Management - whereby other than project costs - we consider the effect of project decisions on the cost of using the project's product.
Resource Calendar
Responsibility Assignment Matrix (RAM)
Quality
Change Requests