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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. 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.
Pareto Diagram/ Chart
Re-baselining
Project Cost Management
Simulation
2. 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
Scope Management Plan
Resource Calendar
Assumptions
3. 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
Interviews
Similarities between Operations and Projects
Quality
4. 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.
Re-baselining
Change Requests
Triggers
Staffing Requirements
5. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.
Acceptance
Schedule Compression
Quality Assurance
Proposal
6. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.
Product Description
Differences between Operations and Project
Sensitivity Analysis
Rework
7. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.
Performance Reports
Earned Value Analysis
Project Life Cycle
Control Costs
8. 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.
Project Portfolio Management
Schedule Baseline
Project Integration Management
Schedule Compression
9. Describes the need - justification - requirements - and current boundaries for the project.
Mathematical Analysis
Scope baseline
Project Scope
Rework
10. Effect on project objectives if the risk event occurs.
Product description
Assumptions
Risk Consequences
Quality Assurance
11. Charts that are used to show positions and relationships in a graphical format.
Organization Chart
Project Files
Performance Reports
Quality Assurance
12. 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
Lessons Learned
To-Complete Performance Index (TCPI)
Regulation
Brainstorming
13. 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
Simulation
Project Scope Management
Project Stakeholders
14. 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.
Fast Tracking
Estimate to Complete (ETC)
Estimate at Completion (EAC)
Product Description
15. 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.
Revised Cost Estimates
Subproject
Performance Reviews
Contract Change Control System
16. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.
Corrective Action
Procurement Management Plan
Prioritized list of quantified risks
Training
17. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Project Selection Methods
Expert Judgment
Control Schedule
18. Involves setting a fixed total price for a defined product or service to be provided.
Direct costs
Work Results
Fixed- price contracts
Probabilistic Analysis of the project
19. Approved modifications to the project schedule that are used to manage the project
Collect Requirements
Communication Requirements Analysis
Schedule updates
Attribute Sampling vs. Variables Sampling
20. Involves developing a better understanding of the product of the project
Work Breakdown Structure (WBS)
Product Analysis
Conditional Diagramming Methods
Cost Management Plan
21. Modifications to the cost estimation prepared for the project
Perform Quality Control
Data Precision Ranking
Estimate at Completion (EAC)
Cost Performance Baseline
22. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.
External Feedback
Product description
Identify Stakeholders
Plan Procurements
23. 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
Procurement negotiations
Procurement audits
Bottom-up Estimating
Estimate Activity Durations
24. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Perform Quantitative Risk Analysis
Perform Qualitative Risk Analysis
Control Scope
Direct costs
25. Changing the project management plan to eliminate the threat entirely.
Project Risk Management
Subproject
Avoidance
Collect Requirements
26. Factors that will limit the project management team's options (e.g. - a predefined budget)
Project Quality Management
Communications management plan
Project Plan
Constraints
27. A requirement imposed by a governmental body and its compliance is mandatory.
Regulation
Control Account
Program
Grade
28. Technologies or methods to transfer information among project stakeholders.
Project Quality Management
Independent estimates
Perform Quantitative Risk Analysis
Communications Technology
29. 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.
Scope Change Control System
Cost Management Plan
Project Scope Management
Documentation Reviews
30. 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.
Estimate Activity Resources
Procurement negotiations
Deliverable
Program Evaluation and Review Technique (PERT)
31. Any numbering system used to uniquely identify each component of the work breakdown structure.
Performance Reviews
Parametric Estimating
Probability and impact matrix
Code of Accounts
32. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica
Project Communications Management
Change Control System
Risk Database
Communications management plan
33. Collection of generally sequential project phases.
Buyer-Seller relationship
Project Life Cycle
Quantitatively based durations
Scope Management Plan
34. 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
Grade
Inspection
Quality Metrics
Time and Material (T&M) Contracts
35. Features or services that characterize a product - result - or service
Work Results
Product Scope
Fixed- price contracts
Identify Risks
36. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Scope Change Control System
Control Scope
Focus groups
Project Cost Management
37. Quantities to be performed for each specific category - and can be used to estimate activity durations
Project Scope Management
Quantitatively based durations
Earned Value Analysis
Trend Analysis
38. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Estimate Activity Resources
Corrective Action
Define Activities
Source Selection Criteria
39. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.
Team Development
Time and Material (T&M) Contracts
Make-or-buy analysis
Group Creativity Techniques
40. Process of defining how to conduct risk management activities for a project.
Develop Human Resource Plan
Quality Management Plan
Fixed- price contracts
Plan Risk Management
41. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Probability and impact matrix
Organization Breakdown Structure
Deliverable
Communications management plan
42. 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
Project Portfolio Management
Procurement negotiations
Assumptions
Sensitivity Analysis
43. 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.
Program Evaluation and Review Technique (PERT)
Buyer-Seller relationship
Training
Quality Management Plan
44. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Administer procurements
Quality Metrics
Develop Human Resource Plan
Project Scope
45. 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.
Project Closeout
Sequence Activities
Responsibility Assignment Matrix (RAM)
Acceptance
46. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Status Review Meetings
Forecasting
Lag
Phase Exits/ Stage Gates/ Kill Points
47. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Organization Chart
Define Activities
Risk
Process Adjustments
48. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
External Dependencies
Project Communications Management
Procurement file
Mathematical Analysis
49. 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.
Scope Change Control System
Total Float
Team Building Activities
Quality Improvement
50. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Lag
Project Schedule
Status Review Meetings
Identify Stakeholders