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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. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Cost Management Plan
Subproject
Procurement Documents
Human Resource Practices
2. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Project Risk Management
Formal acceptance and closure
Organizational Policies
Risk Audits
3. The policies - guidelines - or procedures that govern the recruitment of staff.
Simulation
Time and Material (T&M) Contracts
Responsibility Assignment Matrix (RAM)
Recruitment Practices
4. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Plan Risk Management
Assumptions
Resource Pool Descriptions
Procurement Documents
5. 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 Life Cycle
Attribute Sampling vs. Variables Sampling
Contingency - Buffer - Reserve
Risk Audits
6. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Indirect costs / Overhead costs
Risk Register
Project Scope
Control Costs
7. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Performance Reports
Develop Human Resource Plan
Checklists
Rework
8. 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.
Performance Reports
Project Human Resource Management
Schedule updates
Precedence Relationships
9. 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.
Project Assumption Testing
Project Closeout
Program Evaluation and Review Technique (PERT)
Work Authorization System
10. 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
Flowcharts
Budget Updates
Expert Judgment
Critical Path Method
11. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Control Schedule
Lead
Make-or-buy analysis
Plan Risk Responses
12. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Estimate Activity Resources
Decision Tree
Proposals
Graphical Evaluation and Review Technique (GERT)
13. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Quality Improvement
Technical performance measurement
Scope Change Control System
Resource Leveling
14. 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 Portfolio Management
Attribute Sampling vs. Variables Sampling
Project Files
Process Adjustments
15. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.
Matrix Organization
Project
Pareto Diagram/ Chart
Schedule Baseline
16. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Data precision
Proposals
Critical Path Methodology (CPM)
Training
17. 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
Quality Metrics
Time and Material (T&M) Contracts
Constraints
Control Schedule
18. 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.
Corrective Action
Control Charts
Contingency - Buffer - Reserve
Analogous Estimating (top-down)
19. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Selection Methods
Responsibility Assignment Matrix (RAM)
Conduct Procurements
Conditional Diagramming Methods
20. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.
Define Activities
Monitor and Control Risks
Estimate at Completion (EAC)
Mandatory Dependencies (or Hard Logic)
21. 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.
Independent estimates
Re-baselining
Project Management
Human Resource Practices
22. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Independent estimates
Data precision
Project Management Information Systems (PMIS)
Initiation
23. Risks that arise as a direct result of implementing a risk response.
Communications management plan
Performance Reports
Secondary Risks
Perform Qualitative Risk Analysis
24. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Activity List
Attribute Sampling vs. Variables Sampling
Project Cost Management
Training
25. 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.
Define Scope
Quality Management Plan
Conditional Diagramming Methods
Project
26. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Simulation
Grade
Mathematical Analysis
Develop Schedule
27. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang
Earned Value Analysis
Project Integration Management
Simulation
Cost Performance Baseline
28. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Quality Assurance
Project Files
Resource Leveling
Make-or-buy analysis
29. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.
Subproject
Facilitated Workshops
Sequence Activities
Probability and impact matrix
30. Methods used to distribute information to team members and other stakeholders.
Quality
Information Distribution Methods
Project Scope
Re-baselining
31. 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.
Earned Value Analysis
System or Process
Procurement audits
Make-or-buy analysis
32. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Conduct Procurements
Checklists
Plan Procurements
Team Development
33. Factors that - for planning purposes - will be considered true - real or certain.
Project Plan Updates
Organization Breakdown Structure
Assumptions
Estimate Activity Durations
34. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Sub Network / Fragment Network
Prevention vs. Inspections
Proposal
Plan Quality
35. Describes the need - justification - requirements - and current boundaries for the project.
Critical Path Method
Scope baseline
Collocation
Team Building Activities
36. 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)
Project Life Cycle
Project Communications Management
Identify Stakeholders
37. An applicable restriction that will affect the performance of the project/process.
Cost Management Plan
Sensitivity Analysis
Scope Change Control System
Constraints
38. Used to solicit proposals from prospective sellers
Control Costs
Conditional Diagramming Methods
Control Account
Procurement Documents
39. Any numbering system used to uniquely identify each component of the work breakdown structure.
Mathematical Analysis
Code of Accounts
Acceptance
Direct costs
40. 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
Group Creativity Techniques
Develop Human Resource Plan
Team Development
Total Float
41. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Quality Audit
Corrective Action
Activity List
Perform Qualitative Risk Analysis
42. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Schedule updates
Fast Tracking
Data precision
Procurement Statements of Work (SOW)
43. Factors which - for planning purposes - are considered to be true - real or certain.
Bid / quotation
Phase Exits/ Stage Gates/ Kill Points
Configuration Management System
Assumptions
44. Involves setting a fixed total price for a defined product or service to be provided.
Data precision
Procurement audits
Project Files
Fixed- price contracts
45. 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.
Constraints
Process Adjustments
Organizational Policies
External Dependencies
46. Processes and procedures developed for the closing or canceling of projects.
Project Files
Estimate to Complete (ETC)
Determine Budget
Inspection
47. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Risk Database
External Feedback
Control Schedule
Checklists
48. 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 Procurement Management
Plan Communications
Perform Quantitative Risk Analysis
Project Time Management
49. 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.
Proposals
External Dependencies
Quality
Prototypes
50. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Constraints
Deliverable
Make-or-buy analysis
Regulation