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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. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Analogous Estimating (top-down)
Project Scope
Resource Leveling
Procurement Management Plan
2. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quantitative Risk Analysis
Cost Management Plan
Estimate to Complete (ETC)
Performance Reports
3. 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.
Risk Audits
Lead
Cost Management Plan
Budget Updates
4. Factors that limit a buyer's options. E.g. - funds availability
Constraints
Qualified seller lists
Initiation
Performance Reports
5. 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
Phase Exits/ Stage Gates/ Kill Points
Similarities between Operations and Projects
Parametric Estimating
Bidder Conferences
6. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Project Plan
Contract
Plan Risk Management
Rework
7. Includes the processes that organize - manage - and lead the project team.
Secondary Risks
Project Human Resource Management
Group Creativity Techniques
Probability and impact matrix
8. 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.
Rework
Performance Reviews
Manage Stakeholder
Contract Change Control System
9. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Develop Schedule
Responsibility Assignment Matrix (RAM)
Plan Procurements
Secondary Risks
10. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve
Cost Performance Baseline
Direct costs
Human Resource Practices
Bottom-up Estimating
11. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w
Budget Updates
Expert Judgment
Additional Risk Response Planning
Communication Requirements Analysis
12. Documents how requirements will be analyzed - documented - and managed throughout the project
Proposal
Determine Budget
Requirements Management Plan
Risk Database
13. 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.
Risk Management Plan
Procurement negotiations
Life Cycle Costing
Project Plan
14. 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
Procurement resources
Group Decision Making Techniques
Scope Changes
15. Used to rate or score seller proposals
Source Selection Criteria
Verify Scope
Rework
Performance Reviews
16. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Identify Stakeholders
Re-baselining
Risk Audits
Focus groups
17. 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.
Make-or-buy analysis
Work Results
Schedule Baseline
Organization Chart
18. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Probabilistic Analysis of the project
Prototypes
Quality Management Plan
Procurement Statements of Work (SOW)
19. 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.
Plan Communications
Contingency - Buffer - Reserve
Triggers
Lead
20. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Staffing Requirements
Plan Quality
Process Adjustments
Corrective Action
21. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Inspection
Project Management
Total Float
Direct costs
22. 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
Life Cycle Costing
Simulation
Procurement audits
Parametric Estimating
23. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Team Building Activities
Project Procurement Management
Procurement resources
Facilitated Workshops
24. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Probabilistic Analysis of the project
Decision Tree
Avoidance
Cost-reimbursable contracts
25. Describes the need - justification - requirements - and current boundaries for the project.
Procurement audits
Crashing
Scope baseline
Resource Pool Descriptions
26. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.
Identify Risks
Contract Change Control System
Project Assumption Testing
Schedule updates
27. Changing the project management plan to eliminate the threat entirely.
Perform Qualitative Risk Analysis
Program
Design of Experiments (DOE)
Avoidance
28. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Determine Budget
Fast Tracking
Initiation
Data precision
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
Analogous Estimating (top-down)
Project Selection Methods
Formal acceptance and closure
Lessons Learned
30. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Risk
Functional Organization
Trend Analysis
Work Authorization System
31. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.
Schedule Baseline
Sub Network / Fragment Network
Cost Management Plan
Procurement audits
32. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Procurement Documents
Project Quality Management
Schedule Baseline
Project Schedule Network Diagrams
33. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t
Manage Stakeholder
Observations
Scope Changes
Group Decision Making Techniques
34. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Project Management Information Systems (PMIS)
Quality Audit
Identify Risks
Parametric Estimating
35. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.
Plan Quality
Subproject
Project Management Information Systems (PMIS)
Decision Tree
36. Factors which - for planning purposes - are considered to be true - real or certain.
Workaround plans
Constraints
Project
Assumptions
37. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Develop Human Resource Plan
Forecasting
Performance Reviews
Prioritized list of quantified risks
38. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Scope Statement
Develop Schedule
Change Control System
Lead
39. Methods used to distribute information to team members and other stakeholders.
Information Distribution Methods
Project Cost Management
Subproject
Verify Scope
40. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Quality Assurance
Estimate to Complete (ETC)
Brainstorming
Product Scope
41. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Corrective Action
Project Integration Management
Formal acceptance and closure
Develop Schedule
42. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Project Files
Project Schedule Network Diagrams
Constraints
Project Procurement Management
43. Process of formalizing acceptance of the completed project deliverables
Verify Scope
Triggers
Probabilistic Analysis of the project
Resource Pool Descriptions
44. 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.
Quantitatively based durations
Formal acceptance and closure
Parametric Estimating
Collocation
45. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Templates
Requirements Traceability Matrix
Conditional Diagramming Methods
Checklists
46. A requirement imposed by a governmental body and its compliance is mandatory.
Regulation
Constraints
Differences between Operations and Project
Sub Network / Fragment Network
47. Processes and procedures developed for the closing or canceling of projects.
Functional Organization
Inspection
Project Time Management
Acceptance
48. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Brainstorming
Checklists
Estimate Activity Durations
Assumptions Analysis
49. Features or services that characterize a product - result - or service
Simulation
Product Scope
Project Cost Management
Constraints
50. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project
External Dependencies
Total Float
Schedule Baseline
Mandatory Dependencies (or Hard Logic)