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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. 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
Initiation
Corrective Action
Project Charter
2. 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
Bottom-up Estimating
Checklists
Group Decision Making Techniques
Communication Requirements Analysis
3. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Prevention vs. Inspections
Risk management policies
Expert Judgment
Decomposition
4. 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
Communication Requirements Analysis
Coding Structure
Estimate to Complete (ETC)
5. 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 - knowledg
Expert Judgment
Scope Change Control System
Secondary Risks
Facilitated Workshops
6. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Transference
Decision Tree
Pareto Diagram/ Chart
Procurement Management Plan
7. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Contingency - Buffer - Reserve
Stakeholder register
Project Records
Work Results
8. Modifications to the cost estimation prepared for the project
Perform Quality Control
Functional Organization
Information Distribution Methods
Independent estimates
9. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana
Plan Procurements
Project Communications Management
Differences between Operations and Project
Analogous Estimating / Top-down
10. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Plan Risk Management
Risk management policies
Bottom-up Estimating
Product Description
11. Charts that are used to show positions and relationships in a graphical format.
Verify Scope
Assumptions Analysis
Work Results
Organization Chart
12. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Procurement performance reviews
Residual Risks
Independent estimates
13. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Staffing Requirements
Project
Make-or-buy analysis
Data precision
14. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si
Matrix Organization
Technical performance measurement
Project Human Resource Management
Quality Policy
15. 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.
Estimate Activity Durations
Contract Change Control System
Prioritized list of quantified risks
Data Precision Ranking
16. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Sequence Activities
Cost-reimbursable contracts
Constraints
Lead
17. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Plan Procurements
Control Scope
Procurement Statements of Work (SOW)
Project Communications Management
18. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.
Acceptance
Lag
Administer procurements
Procurement Documents
19. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).
Project Portfolio Management
Direct costs
Inspection
Group Creativity Techniques
20. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Qualified seller lists
Risk Management Plan
Lead
Transference
21. Process of defining and documenting stakeholders' needs to meet the project objectives
Collect Requirements
Responsibility Assignment Matrix (RAM)
Proposals
Quality Improvement
22. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu
Project Risk Management
Formal acceptance and closure
Bottom-up Estimating
To-Complete Performance Index (TCPI)
23. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co
Estimate at Completion (EAC)
Plan Risk Management
Schedule Baseline
Stakeholder register
24. 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
Procurement Statements of Work (SOW)
Project Procurement Management
Independent estimates
Benchmarking
25. Records of previous project results that can be used to identify risks.
Project Communications Management
Project Files
Work Authorization System
Estimate Activity Durations
26. It can include correspondence - memos - meeting minutes - and documents describing the project.
Project Records
Procurement Documents
Re-baselining
Plan Quality
27. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Source Selection Criteria
Simulation
Procurement Statements of Work (SOW)
Define Activities
28. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Graphical Evaluation and Review Technique (GERT)
Performance Reviews
Scope Statement
Mandatory Dependencies (or Hard Logic)
29. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Stakeholder register
Project Cost Management
Corrective Action
Collocation
30. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Simulation
Tolerances vs. Control limits
Human Resource Practices
Scope baseline
31. 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
Workaround plans
Project Schedule
Independent estimates
Project Risk Management
32. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Project Risk Management
Tolerances vs. Control limits
Project Planning Methodology
Bottom-up Estimating
33. Any modification to the contents of the project plan or the supporting details.
Project Plan Updates
Change Requests
Work Results
Project Cost Management
34. Changing the project management plan to eliminate the threat entirely.
Procurement audits
Regulation
Close procurements
Avoidance
35. 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.
Graphical Evaluation and Review Technique (GERT)
Inspection
Constraints
Performance Reports
36. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.
Data precision
Indirect costs / Overhead costs
Critical Path Method
Project Time Management
37. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Source Selection Criteria
Procurement audits
Project Team Directory
Free Float
38. Used to rate or score seller proposals
Estimate at Completion (EAC)
Procurement negotiations
Code of Accounts
Source Selection Criteria
39. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Plan Communications
Program
Qualified seller lists
Project Planning Methodology
40. Outcome of activities performed to accomplish the project.
Control Scope
Work Results
Independent estimates
Precedence Relationships
41. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Communications Technology
Fast Tracking
Procurement file
Secondary Risks
42. 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
Manage Stakeholder
Similarities between Operations and Projects
Project Planning Methodology
Project Closeout
43. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Organization Chart
Project Quality Management
Direct costs
Corrective Action
44. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Inspection
Stakeholder register
Risk
Group Decision Making Techniques
45. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con
Organization Chart
Project Portfolio Management
Resource Pool Descriptions
Identify Risks
46. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu
Control Charts
Probabilistic Analysis of the project
Mitigation
Lead
47. Process of developing a detailed description of the project and product
Define Scope
Quantitatively based durations
Scope Management Plan
Project Plan
48. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Plan Risk Management
Training
Interviews
Project Life Cycle
49. Project team must measure itself periodically against the expectations of those outside the project.
Tolerances vs. Control limits
External Feedback
Requirements Documentation
Control Schedule
50. 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.
Acquire Project Team
Performance Reviews
Group Creativity Techniques
Total Float