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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. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Critical Path Methodology (CPM)
Decision Tree
Probabilistic Analysis of the project
Project Planning Methodology
2. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.
Estimate Costs
Project Team Directory
Lead
Project Procurement Management
3. 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.
Procurement file
Phase Exits/ Stage Gates/ Kill Points
Sub Network / Fragment Network
Total Float
4. A table that links requirements to their origin and traces them throughout the project life cycle
External Feedback
Templates
Deliverable
Requirements Traceability Matrix
5. 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.
Independent estimates
Control Account
Project Cost Management
Project Quality Management
6. Outcome of activities performed to accomplish the project.
Work Results
Staffing Requirements
Schedule Compression
Prioritized list of quantified risks
7. 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
Scope Changes
Probability and impact matrix
Identify Stakeholders
8. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Plan Quality
Project Assumption Testing
Project Life Cycle
Control Schedule
9. 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
Project Procurement Management
Flowcharts
Fast Tracking
Procurement performance reviews
10. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
External Feedback
Estimate Activity Resources
Rework
Transference
11. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Transference
Analogous Estimating (top-down)
Communications Technology
Assumptions Analysis
12. 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
Risk Categories
Benchmarking
Collocation
Project Assumption Testing
13. 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
Corrective Action
Subproject
Initiation
Source Selection Criteria
14. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Contract
Free Float
Conditional Diagramming Methods
Scope Change Control System
15. Approved modifications to the project schedule that are used to manage the project
Schedule updates
Define Scope
Information Distribution Methods
Free Float
16. A documented list of project team members - their project roles - and communication information.
Project Team Directory
Project Schedule Network Diagrams
Prioritized list of quantified risks
Identify Risks
17. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Mandatory Dependencies (or Hard Logic)
Project Portfolio Management
Initiation
Attribute Sampling vs. Variables Sampling
18. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Technical performance measurement
Schedule Compression
Forecasting
Total Float
19. 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
Identify Stakeholders
Re-baselining
Project Schedule
Scope Change Control System
20. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Project Closeout
Develop Schedule
Fast Tracking
Lessons Learned
21. 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
Configuration Management System
Cost Performance Baseline
Analogous Estimating / Top-down
Scope Statement
22. 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
Configuration Management System
Control Schedule
Inspection
23. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Group Creativity Techniques
Project Assumption Testing
Quality Audit
Scope Statement
24. Considers the characteristics of those prospective staff who are available to join the project team.
Avoidance
Staffing Pool Description
Independent estimates
Performance Reviews
25. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Process Adjustments
Plan Quality
Project Scope
Procurement Statements of Work (SOW)
26. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec
Product description
Training
Scope Changes
Project Risk Management
27. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Corrective Action
Constraints
Pareto Diagram/ Chart
Conditional Diagramming Methods
28. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
System or Process
Communications Technology
Constraints
Project Quality Management
29. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned
Acquire Project Team
Quality Metrics
Lessons Learned
Project Records
30. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Free Float
Benchmarking
Work Results
Project Procurement Management
31. 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
Proposals
To-Complete Performance Index (TCPI)
Collocation
Requirements Traceability Matrix
32. 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
Source Selection Criteria
Develop Human Resource Plan
Qualified seller lists
Control Charts
33. 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.
Contract Change Control System
Acceptance
Life Cycle Costing
Schedule Compression
34. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Conduct Procurements
Code of Accounts
Risk Audits
Corrective Action
35. Used to rate or score seller proposals
Project Cost Management
Source Selection Criteria
Project Cost Management
Communication Requirements Analysis
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.
Documentation Reviews
Project Communications Management
Corrective Action
Indirect costs / Overhead costs
37. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Proposal
Procurement Management Plan
Parametric Estimating
Product description
38. Process of identifying the specific actions to be performed to produce the project deliverables.
Project Stakeholders
Define Activities
Recruitment Practices
Performance Reviews
39. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Procurement file
Responsibility Assignment Matrix (RAM)
Project Portfolio Management
Formal acceptance and closure
40. Involves setting a fixed total price for a defined product or service to be provided.
Project Schedule Network Diagrams
Fixed- price contracts
Collect Requirements
Project Quality Management
41. Process of formalizing acceptance of the completed project deliverables
Buyer-Seller relationship
Procurement audits
Verify Scope
Analogous Estimating (top-down)
42. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Indirect costs / Overhead costs
Control Costs
Perform Quality Control
Precedence Relationships
43. Modifications to the cost estimation prepared for the project
Team Development
Perform Quality Control
Probability and impact matrix
Brainstorming
44. 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
Quality Assurance
Qualified seller lists
Procurement audits
Control Costs
45. Any numbering system used to uniquely identify each component of the work breakdown structure.
Control Schedule
Procurement Statements of Work (SOW)
Quality Policy
Activity List
46. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Contract
Perform Quantitative Risk Analysis
Precedence Relationships
Project Scope Management
47. 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.
Quality Improvement
Team Building Activities
Functional Organization
Develop Schedule
48. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang
Project Closeout
Perform Qualitative Risk Analysis
Project Integration Management
Team Development
49. 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
Regulation
Brainstorming
Crashing
Scope baseline
50. Probability that a risk will occur.
Work Results
Project Files
Risk probability
Perform Quality Control