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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. A modification of a logical relationship that directs a delay in the successor activity.
Functional Organization
Scope baseline
Lag
Project Portfolio Management
2. Terms used when the source selection decision will be based on price
Checklists
Bid / quotation
Control Scope
Monitor and Control Risks
3. 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.
Attribute Sampling vs. Variables Sampling
Plan Risk Responses
Sub Network / Fragment Network
Project Management Information Systems (PMIS)
4. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Contract Change Control System
Procurement file
Decision Tree
Quality Metrics
5. 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
Project Risk Management
Transference
Initiation
Life Cycle Costing
6. 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
Plan Procurements
Probability and impact matrix
Estimate Costs
7. A formal or informal approach to obtain information from stakeholders by talking to them directly
Staffing Requirements
Risk management policies
Documentation Reviews
Interviews
8. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.
Crashing
Requirements Management Plan
Project Cost Management
Project Scope
9. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities
Procurement resources
Prevention vs. Inspections
Differences between Operations and Project
Manage Stakeholder
10. 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
Plan Risk Responses
Checklists
Project Schedule Network Diagrams
11. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Estimate Activity Resources
Determine Budget
Lessons Learned
Risk Categories
12. Technique to evaluate the degree to which data about risks is useful for risk management.
Data Precision Ranking
Procurement negotiations
Control Schedule
Sub Network / Fragment Network
13. 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.
Perform Quantitative Risk Analysis
Lead
Life Cycle Costing
Quality Audit
14. Any modification to the agreed upon project scope as defined by the approved WBS
Scope Changes
Checklists
Contract Change Control System
Recruitment Practices
15. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Risk
Regulation
Responsibility Assignment Matrix (RAM)
Project Risk Management
16. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Assumptions
Risk Consequences
Probabilistic Analysis of the project
Procurement audits
17. Approved modifications to the project schedule that are used to manage the project
Status Review Meetings
Schedule updates
Recruitment Practices
Project
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.
Human Resource Practices
Administer procurements
Contingency - Buffer - Reserve
Project Scope
19. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Critical Path Methodology (CPM)
Parametric Estimating
Product Description
20. 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.
Monitor and Control Risks
Bottom-up Estimating
Project Risk Management
Triggers
21. 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
Simulation
Communications management plan
Data Precision Ranking
Residual Risks
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
System or Process
To-Complete Performance Index (TCPI)
Pareto Diagram/ Chart
Group Creativity Techniques
23. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Time and Material (T&M) Contracts
Phase Exits/ Stage Gates/ Kill Points
Mandatory Dependencies (or Hard Logic)
Group Decision Making Techniques
24. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Close procurements
Control Account
Life Cycle Costing
Control Scope
25. The process of determining project stakeholders' information needs and defining a communication approach.
Inspection
Free Float
Plan Communications
Identify Stakeholders
26. 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
Conduct Procurements
Analogous Estimating (top-down)
Communications Technology
Prevention vs. Inspections
27. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Workaround plans
Documentation Reviews
Simulation
Estimate at Completion (EAC)
28. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning
Project Cost Management
Product description
Communication Requirements Analysis
Responsibility Assignment Matrix (RAM)
29. 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
Precedence Relationships
Brainstorming
Data Precision Ranking
Procurement audits
30. 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.
Estimate Activity Durations
Rework
Bottom-up Estimating
Revised Cost Estimates
31. Describes how risk management will be structured and performed on the project.
Risk Management Plan
Mandatory Dependencies (or Hard Logic)
Regulation
Sub Network / Fragment Network
32. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc
Avoidance
Critical Path Methodology (CPM)
Plan Risk Responses
Transference
33. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th
Facilitated Workshops
Functional Organization
Differences between Operations and Project
Identify Risks
34. 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
Forecasting
Bottom-up Estimating
Procurement audits
Estimate Costs
35. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Deliverable
Perform Quality Control
Mitigation
Trend Analysis
36. 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
Sub Network / Fragment Network
Risk
Responsibility Assignment Matrix (RAM)
Cost Performance Baseline
37. Changing the project management plan to eliminate the threat entirely.
Determine Budget
Contract
Avoidance
Lead
38. A table that links requirements to their origin and traces them throughout the project life cycle
Risk Categories
Requirements Traceability Matrix
Workaround plans
Develop Schedule
39. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Rework
Workaround plans
Project Selection Methods
Change Control System
40. 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.
Time and Material (T&M) Contracts
Project Human Resource Management
Project Management Information Systems (PMIS)
Stakeholder register
41. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Schedule updates
Contract Change Control System
Project Plan Updates
Risk Register
42. 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
Project Schedule
Pareto Diagram/ Chart
Simulation
43. 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
Risk Consequences
Flowcharts
Procurement Statements of Work (SOW)
Change Control System
44. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.
Parametric Estimating
Perform Qualitative Risk Analysis
Regulation
Total Float
45. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Verify Scope
Precedence Relationships
Corrective Action
Project Records
46. Probability that a risk will occur.
Risk probability
Free Float
Work Authorization System
Probabilistic Analysis of the project
47. 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
Project Communications Management
Checklists
Project Team Directory
Analogous Estimating / Top-down
48. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Statistical Sampling
Perform Qualitative Risk Analysis
Quality
Project Plan Updates
49. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers
Qualified seller lists
Phase Exits/ Stage Gates/ Kill Points
Acquire Project Team
Direct costs
50. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Staffing Requirements
Product Description
Organization Breakdown Structure
Triggers