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CAPM
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Subjects
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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. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Procurement Management Plan
Group Decision Making Techniques
Procurement negotiations
Inspection
2. 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.
Contingency - Buffer - Reserve
Product Description
Interviews
Acceptance
3. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.
Free Float
Acquire Project Team
Resource Leveling
Risk management policies
4. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Residual Risks
Collocation
Rework
Plan Risk Management
5. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Benchmarking
Activity List
Acceptance
Risk Consequences
6. A requirement imposed by a governmental body and its compliance is mandatory.
Project Human Resource Management
Resource Pool Descriptions
Phase Exits/ Stage Gates/ Kill Points
Regulation
7. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
To-Complete Performance Index (TCPI)
Group Creativity Techniques
Free Float
Collocation
8. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Mandatory Dependencies (or Hard Logic)
Proposals
Quality Policy
To-Complete Performance Index (TCPI)
9. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold
Training
Control Schedule
Bidder Conferences
Stakeholder Analysis
10. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Interviews
Risk Database
To-Complete Performance Index (TCPI)
11. An applicable restriction that will affect the performance of the project/process.
Prevention vs. Inspections
Constraints
Pareto Diagram/ Chart
Interviews
12. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.
Additional Risk Response Planning
Residual Risks
Project Quality Management
Focus groups
13. Process of identifying the specific actions to be performed to produce the project deliverables.
Fast Tracking
Define Activities
Assumptions Analysis
Inspection
14. 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.
Performance Reports
Statistical Sampling
Fast Tracking
Project Cost Management
15. 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)
Conduct Procurements
Procurement negotiations
Indirect costs / Overhead costs
16. 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.
Quantitatively based durations
Quality Improvement
Decision Tree
Cost Performance Baseline
17. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Management
Work Breakdown Structure (WBS)
Qualified seller lists
Quality Improvement
18. It can include correspondence - memos - meeting minutes - and documents describing the project.
Decomposition
Assumptions Analysis
Project Records
Schedule updates
19. Changing the project management plan to eliminate the threat entirely.
Responsibility Assignment Matrix (RAM)
Expert Judgment
Avoidance
System or Process
20. 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
To-Complete Performance Index (TCPI)
Analogous Estimating / Top-down
Control Schedule
Crashing
21. 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
Formal acceptance and closure
Prioritized list of quantified risks
Staffing Requirements
Project Schedule
22. Meetings held to assess project status and/or progress.
Manage Stakeholder
Similarities between Operations and Projects
Performance Reviews
Recruitment Practices
23. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Risk Categories
Plan Risk Management
Plan Procurements
Risk Database
24. 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
Recruitment Practices
Plan Risk Management
Prevention vs. Inspections
Design of Experiments (DOE)
25. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Project Scope
Project Communications Management
Project Quality Management
Formal acceptance and closure
26. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Risk Management Plan
Trend Analysis
Project Stakeholders
Data precision
27. 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
Free Float
Schedule updates
Budget Updates
Parametric Estimating
28. 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.
Project Plan
Project Procurement Management
Avoidance
System or Process
29. Collection of generally sequential project phases.
Plan Quality
Staffing Pool Description
Project Life Cycle
Simulation
30. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte
Project Communications Management
Sequence Activities
Risk Categories
Identify Risks
31. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are
Project Plan
Verify Scope
Workaround plans
Simulation
32. Process of defining and documenting stakeholders' needs to meet the project objectives
Additional Risk Response Planning
Determine Budget
Collect Requirements
Project Assumption Testing
33. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.
Activity List
Quality Assurance
Risk probability
Distribute Information
34. Features or services that characterize a product - result - or service
Product Scope
Acceptance
Project Scope
Free Float
35. 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
Sensitivity Analysis
Prototypes
Project Cost Management
Work Results
36. 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
Estimate to Complete (ETC)
Matrix Organization
Simulation
Cost-reimbursable contracts
37. 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
Program
Group Decision Making Techniques
Inspection
Manage Stakeholder
38. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Project Procurement Management
Project Selection Methods
Change Control System
Risk management policies
39. 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
Benchmarking
Coding Structure
Trend Analysis
Bidder Conferences
40. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Simulation
Organizational Policies
Develop Human Resource Plan
Precedence Relationships
41. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Change Control System
Requirements Documentation
Monitor and Control Risks
Critical Path Methodology (CPM)
42. Special category of revised cost estimates to an approved cost baseline.
Estimate Activity Resources
Analogous Estimating (top-down)
Prevention vs. Inspections
Indirect costs / Overhead costs
43. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Close procurements
Requirements Management Plan
Organization Chart
Scope Management Plan
44. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Risk Management Plan
Verify Scope
Rework
Mitigation
45. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be
Risk Register
Process Adjustments
Total Float
Define Scope
46. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Mitigation
Facilitated Workshops
Status Review Meetings
Project Schedule Network Diagrams
47. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Assumptions Analysis
Requirements Documentation
Plan Risk Responses
48. 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.
Prioritized list of quantified risks
Determine Budget
Simulation
Manage Stakeholder
49. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Product Scope
Lag
Quality Metrics
Secondary Risks
50. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Avoidance
Staffing Requirements
Control Account
Conditional Diagramming Methods
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