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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. 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
Templates
Budget Updates
Sensitivity Analysis
Proposal
2. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r
Project Risk Management
Indirect costs / Overhead costs
Project Time Management
Total Float
3. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Product Analysis
Project Life Cycle
Procurement performance reviews
Plan Quality
4. An applicable restriction that will affect the performance of the project/process.
Constraints
Report Performance
Mathematical Analysis
Perform Qualitative Risk Analysis
5. Outcome of activities performed to accomplish the project.
Quality
Work Results
Work Authorization System
Data Precision Ranking
6. Probability that a risk will occur.
Control Schedule
Work Breakdown Structure (WBS)
Risk probability
Project Plan Updates
7. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Project Charter
Checklists
Risk probability
Budget Updates
8. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Project Human Resource Management
Collocation
Project Communications Management
Project Plan Updates
9. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe
Product Analysis
Resource Calendar
Staffing Pool Description
Functional Organization
10. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Work Results
Change Requests
Assumptions
Stakeholder register
11. 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.
Define Activities
Plan Communications
Pareto Diagram/ Chart
To-Complete Performance Index (TCPI)
12. Collection of generally sequential project phases.
Communications Technology
Project Life Cycle
Observations
Code of Accounts
13. 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
Assumptions
Acquire Project Team
Statistical Sampling
14. 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
Organization Chart
Risk Consequences
Templates
Project Integration Management
15. 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.
Perform Quality Control
Project Schedule
Activity List
Pareto Diagram/ Chart
16. 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.
Recruitment Practices
Proposal
Subproject
Resource Pool Descriptions
17. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.
Subproject
Quality Policy
Project Procurement Management
Bidder Conferences
18. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Constraints
Cost-reimbursable contracts
Triggers
Risk probability
19. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the
Fast Tracking
External Dependencies
Procurement audits
Source Selection Criteria
20. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Plan Risk Responses
Project Integration Management
Facilitated Workshops
Project Scope
21. Charts/ 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 -
Simulation
Change Control System
System or Process
Status Review Meetings
22. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Stakeholder register
Project Selection Methods
Corrective Action
Plan Quality
23. 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
Stakeholder Analysis
Constraints
Inspection
Project Human Resource Management
24. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Mathematical Analysis
Contract
Make-or-buy analysis
Quantitatively based durations
25. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.
Simulation
Constraints
Project Human Resource Management
Perform Quality Control
26. Changing the project management plan to eliminate the threat entirely.
Probabilistic Analysis of the project
Change Requests
Avoidance
Quality Improvement
27. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Develop Schedule
Grade
Procurement resources
Subproject
28. 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.
Project Quality Management
Project Procurement Management
Prioritized list of quantified risks
Procurement performance reviews
29. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Project Quality Management
Performance Reviews
Project Planning Methodology
30. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Risk
Estimate Activity Resources
Inspection
Constraints
31. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.
Life Cycle Costing
Program Evaluation and Review Technique (PERT)
Prototypes
Probability and impact matrix
32. 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.
Simulation
Bid / quotation
Prioritized list of quantified risks
Contract Change Control System
33. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Root Cause Analysis
Process Adjustments
Initiation
Corrective Action
34. Involves developing a better understanding of the product of the project
Risk probability
Product Analysis
Project Risk Management
Quality Metrics
35. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Conduct Procurements
Make-or-buy analysis
Project Planning Methodology
Control Account
36. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Grade
Risk Consequences
Source Selection Criteria
Product Description
37. 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.
Project Integration Management
Risk probability
Critical Path Method
Additional Risk Response Planning
38. 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
Acceptance
Quality Metrics
Define Activities
Qualified seller lists
39. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.
Lead
Buyer-Seller relationship
Stakeholder register
Process Adjustments
40. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.
Revised Cost Estimates
Risk Audits
Project Plan Updates
Program
41. 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
Source Selection Criteria
Risk Management Plan
Product description
Constraints
42. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Trend Analysis
Prioritized list of quantified risks
Documentation Reviews
Develop Human Resource Plan
43. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start
Pareto Diagram/ Chart
Mandatory Dependencies (or Hard Logic)
Precedence Relationships
Assumptions
44. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Plan Procurements
Contingency - Buffer - Reserve
Status Review Meetings
Brainstorming
45. Process of numerically analyzing the effect of identified risks on overall project objectives.
Quality Metrics
Perform Quantitative Risk Analysis
Product Description
Develop Schedule
46. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Product Scope
Corrective Action
Workaround plans
Simulation
47. 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
Report Performance
Constraints
Project Communications Management
48. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Staffing Requirements
Project
Requirements Traceability Matrix
Expert Judgment
49. 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
Project
Project Communications Management
Avoidance
Phase Exits/ Stage Gates/ Kill Points
50. 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
Resource Pool Descriptions
Analogous Estimating (top-down)
Project Risk Management
Activity List
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