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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. 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.
Time and Material (T&M) Contracts
Determine Budget
Independent estimates
Scope Statement
2. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched
Acceptance
Project Time Management
Project Plan
Sub Network / Fragment Network
3. 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.
Quality Improvement
Rework
Earned Value Analysis
Organization Chart
4. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Estimate to Complete (ETC)
Distribute Information
Probabilistic Analysis of the project
Project Planning Methodology
5. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Close procurements
Plan Quality
Constraints
Project Records
6. 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
Transference
Parametric Estimating
Procurement audits
Make-or-buy analysis
7. Process of obtaining seller responses - selecting a seller - and awarding a contract
Conduct Procurements
Communications management plan
Simulation
Transference
8. 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
Corrective Action
Fast Tracking
Quality
Brainstorming
9. 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.
Process Adjustments
Triggers
Human Resource Practices
Communication Requirements Analysis
10. 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
Phase Exits/ Stage Gates/ Kill Points
Project Risk Management
Corrective Action
11. A requirement imposed by a governmental body and its compliance is mandatory.
Regulation
Group Decision Making Techniques
Contingency - Buffer - Reserve
Process Adjustments
12. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Quality Management
Estimate Costs
Project Communications Management
Project Cost Management
13. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This
Communications management plan
Secondary Risks
Project Schedule
Organization Breakdown Structure
14. Process of developing a detailed description of the project and product
Triggers
Define Scope
Crashing
Project Time Management
15. Involves setting a fixed total price for a defined product or service to be provided.
Independent estimates
Mathematical Analysis
Fixed- price contracts
Differences between Operations and Project
16. 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.
Project Stakeholders
Project Cost Management
Plan Procurements
Assumptions Analysis
17. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Activity List
Verify Scope
Simulation
Project Files
18. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Independent estimates
Residual Risks
Expert Judgment
Resource Calendar
19. Factors that limit a buyer's options. E.g. - funds availability
Constraints
Develop Schedule
Requirements Management Plan
Group Creativity Techniques
20. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.
Requirements Management Plan
Work Authorization System
Performance Reports
Source Selection Criteria
21. 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
Bidder Conferences
Project Charter
Parametric Estimating
Bottom-up Estimating
22. 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.
Re-baselining
Project Files
Project Closeout
Project Plan Updates
23. Terms used when the source selection decision will be based on price
Quantitatively based durations
Bid / quotation
Project Schedule Network Diagrams
Formal acceptance and closure
24. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Develop Schedule
Schedule Baseline
Checklists
Rework
25. 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 Closeout
Project Files
Acquire Project Team
Corrective Action
26. 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
Project Human Resource Management
Design of Experiments (DOE)
Formal acceptance and closure
Staffing Pool Description
27. 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
Precedence Relationships
Qualified seller lists
Project Scope
Quality Audit
28. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Plan Procurements
Status Review Meetings
Conditional Diagramming Methods
Project Assumption Testing
29. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform
Project Risk Management
Analogous Estimating (top-down)
Project Time Management
Expert Judgment
30. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization
Product description
Fast Tracking
Initiation
Fixed- price contracts
31. 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.
Develop Schedule
Project Quality Management
Procurement Documents
Independent estimates
32. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Project Human Resource Management
Forecasting
Initiation
Work Results
33. 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.
Quality Management Plan
Project Risk Management
Rework
Project Scope
34. 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.
Product Description
Estimate Activity Durations
Crashing
Quality Improvement
35. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Plan Risk Responses
Projectized Organization
Formal acceptance and closure
Monitor and Control Risks
36. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Procurement resources
Tolerances vs. Control limits
Subproject
Prototypes
37. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Inspection
Parametric Estimating
Human Resource Practices
Schedule Compression
38. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Source Selection Criteria
Plan Risk Responses
Risk Consequences
Performance Reviews
39. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.
Report Performance
Cost Performance Baseline
Time and Material (T&M) Contracts
Collocation
40. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide
Scope Management Plan
Root Cause Analysis
Workaround plans
Project Charter
41. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte
Crashing
Flowcharts
Project Management Information Systems (PMIS)
Control Schedule
42. Any numbering system used to uniquely identify each component of the work breakdown structure.
Staffing Pool Description
Lead
Code of Accounts
Quantitatively based durations
43. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Avoidance
Scope Change Control System
Grade
Mathematical Analysis
44. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Analogous Estimating (top-down)
Procurement negotiations
Bottom-up Estimating
Documentation Reviews
45. Outcome of activities performed to accomplish the project.
Work Results
Prevention vs. Inspections
Project Plan Updates
Independent estimates
46. 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
Resource Calendar
Re-baselining
Schedule Baseline
47. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o
Risk Categories
Interviews
Proposals
Benchmarking
48. Technique to evaluate the degree to which data about risks is useful for risk management.
Project Closeout
Crashing
Corrective Action
Data Precision Ranking
49. 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.
Staffing Pool Description
Prioritized list of quantified risks
Quality Metrics
Lead
50. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o
Probability and impact matrix
Project Scope
Project Scope Management
Requirements Management Plan
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