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CAPM
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certifications
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capm
Instructions:
Answer 50 questions in 15 minutes.
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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. 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.
Project Time Management
Define Scope
Secondary Risks
Perform Qualitative Risk Analysis
2. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Flowcharts
Regulation
Monitor and Control Risks
Administer procurements
3. A documented list of project team members - their project roles - and communication information.
Program
Project Team Directory
Scope Management Plan
Project Stakeholders
4. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Change Requests
Direct costs
Procurement negotiations
Sequence Activities
5. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Work Results
Direct costs
Design of Experiments (DOE)
Develop Human Resource Plan
6. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Design of Experiments (DOE)
Identify Stakeholders
Coding Structure
Project Plan Updates
7. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Configuration Management System
Project Scope Management
Project Management
Prevention vs. Inspections
8. Process of formalizing acceptance of the completed project deliverables
Differences between Operations and Project
Verify Scope
Team Building Activities
Staffing Pool Description
9. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quantitative Risk Analysis
Project Schedule Network Diagrams
Lessons Learned
Status Review Meetings
10. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Grade
Training
Precedence Relationships
Revised Cost Estimates
11. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Lag
Perform Qualitative Risk Analysis
Checklists
Project Files
12. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Scope Change Control System
Plan Risk Responses
Direct costs
Inspection
13. Used to rate or score seller proposals
Project Schedule Network Diagrams
Plan Communications
Source Selection Criteria
Risk Consequences
14. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Documentation Reviews
Mitigation
Regulation
Analogous Estimating / Top-down
15. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec
Mandatory Dependencies (or Hard Logic)
Re-baselining
Procurement Statements of Work (SOW)
Project Risk Management
16. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Project Risk Management
Technical performance measurement
Control Account
Simulation
17. Determining which risks may affect the project and documenting their characteristics.
Scope Management Plan
Precedence Relationships
Product Scope
Identify Risks
18. Factors that will limit the project management team's options (e.g. - a predefined budget)
Communication Requirements Analysis
Plan Communications
Distribute Information
Constraints
19. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.
Scope Change Control System
Configuration Management System
Contingency - Buffer - Reserve
Code of Accounts
20. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Re-baselining
Decision Tree
Distribute Information
Work Breakdown Structure (WBS)
21. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.
Deliverable
Prioritized list of quantified risks
Project Team Directory
Triggers
22. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Quality Audit
Work Authorization System
Contingency - Buffer - Reserve
Source Selection Criteria
23. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Probabilistic Analysis of the project
Avoidance
Estimate Activity Durations
Plan Risk Responses
24. 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
Team Development
Tolerances vs. Control limits
Assumptions
Lessons Learned
25. 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
Checklists
Acquire Project Team
Design of Experiments (DOE)
Constraints
26. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Risk management policies
Fast Tracking
Templates
Budget Updates
27. 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
Lessons Learned
Risk Audits
Matrix Organization
Tolerances vs. Control limits
28. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Focus groups
Requirements Management Plan
Conditional Diagramming Methods
Contingency - Buffer - Reserve
29. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Statistical Sampling
Avoidance
Recruitment Practices
Constraints
30. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.
Resource Pool Descriptions
Project Human Resource Management
Quality Audit
Templates
31. Effect on project objectives if the risk event occurs.
Corrective Action
Risk Consequences
Checklists
Quality Improvement
32. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Scope Change Control System
Change Requests
Formal acceptance and closure
Project Risk Management
33. 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
Prioritized list of quantified risks
Responsibility Assignment Matrix (RAM)
Change Requests
34. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Assumptions Analysis
Project Selection Methods
Project Portfolio Management
Inspection
35. Meetings held to assess project status and/or progress.
Project Risk Management
Performance Reviews
Inspection
Code of Accounts
36. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Control Account
Risk
Precedence Relationships
Define Activities
37. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Estimate Costs
System or Process
Collect Requirements
Project Communications Management
38. 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.
Risk Management Plan
Organizational Policies
Independent estimates
Probability and impact matrix
39. 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
Focus groups
Fast Tracking
Resource Calendar
Triggers
40. Probability that a risk will occur.
Risk probability
Product Description
Direct costs
Mitigation
41. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities
Time and Material (T&M) Contracts
Projectized Organization
Constraints
Procurement resources
42. 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
Organization Chart
Project Communications Management
Brainstorming
Benchmarking
43. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Trend Analysis
Data precision
Training
Project Procurement Management
44. Allows for probabilistic treatment of both network logic and activity duration estimates
Group Decision Making Techniques
Control Account
Corrective Action
Graphical Evaluation and Review Technique (GERT)
45. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -
System or Process
Project Closeout
Process Adjustments
Make-or-buy analysis
46. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Risk Register
Simulation
Data Precision Ranking
Project Life Cycle
47. Processes and procedures developed for the closing or canceling of projects.
Identify Stakeholders
Proposal
Inspection
Analogous Estimating (top-down)
48. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Proposals
Status Review Meetings
Project Files
Define Activities
49. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Procurement performance reviews
Project Quality Management
Develop Schedule
Revised Cost Estimates
50. 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
Recruitment Practices
Budget Updates
Bottom-up Estimating
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