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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. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Attribute Sampling vs. Variables Sampling
Formal acceptance and closure
Resource Pool Descriptions
Estimate Activity Durations
2. Process of formalizing acceptance of the completed project deliverables
Verify Scope
Workaround plans
Information Distribution Methods
Re-baselining
3. Involves setting a fixed total price for a defined product or service to be provided.
Report Performance
Sensitivity Analysis
Deliverable
Fixed- price contracts
4. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.
Resource Pool Descriptions
Risk Categories
Program Evaluation and Review Technique (PERT)
Work Authorization System
5. Approved modifications to the project schedule that are used to manage the project
Determine Budget
Procurement audits
Schedule updates
Analogous Estimating / Top-down
6. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Schedule Compression
Project Stakeholders
Report Performance
Buyer-Seller relationship
7. 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.
Project Cost Management
Information Distribution Methods
Cost Performance Baseline
Procurement resources
8. 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 Management
Phase Exits/ Stage Gates/ Kill Points
Project Communications Management
Status Review Meetings
9. 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
To-Complete Performance Index (TCPI)
Configuration Management System
Benchmarking
Scope baseline
10. 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
Constraints
Crashing
Conduct Procurements
Contract
11. Any modification to the contents of the project plan or the supporting details.
Project Plan Updates
Flowcharts
Scope Management Plan
Product description
12. 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
Assumptions
Conduct Procurements
Lag
Project Risk Management
13. A table that links requirements to their origin and traces them throughout the project life cycle
Requirements Traceability Matrix
Configuration Management System
Revised Cost Estimates
Probabilistic Analysis of the project
14. Used to rate or score seller proposals
Project Human Resource Management
Assumptions
Simulation
Source Selection Criteria
15. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Program
Staffing Pool Description
Decision Tree
Risk
16. Involves developing a better understanding of the product of the project
Product Analysis
Quality Audit
Project Plan Updates
Corrective Action
17. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Similarities between Operations and Projects
Project Risk Management
Project Time Management
Decision Tree
18. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Project Plan Updates
Group Creativity Techniques
Risk Register
Quality Management Plan
19. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Procurement file
Re-baselining
Product Description
Project Selection Methods
20. 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
Project Portfolio Management
Work Results
Regulation
Risk Management Plan
21. Describes how individual requirements meet the business need for the project.
Staffing Pool Description
Inspection
Requirements Documentation
Direct costs
22. 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.
Define Scope
Checklists
Change Requests
Corrective Action
23. 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.
Estimate at Completion (EAC)
Additional Risk Response Planning
Project Closeout
Brainstorming
24. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Verify Scope
Expert Judgment
Control Scope
Project Plan
25. Collection of generally sequential project phases.
Re-baselining
Project Life Cycle
Training
Project Files
26. Technologies or methods to transfer information among project stakeholders.
Risk Audits
Similarities between Operations and Projects
Observations
Communications Technology
27. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Source Selection Criteria
Quality Management Plan
Project Communications Management
Estimate Activity Resources
28. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define
Matrix Organization
Risk
Recruitment Practices
Time and Material (T&M) Contracts
29. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Perform Qualitative Risk Analysis
Work Results
Plan Risk Responses
Communications management plan
30. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.
Differences between Operations and Project
Critical Path Methodology (CPM)
Plan Procurements
Procurement Statements of Work (SOW)
31. 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.
Control Charts
Resource Pool Descriptions
Quality Audit
Estimate at Completion (EAC)
32. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo
Re-baselining
Quality Metrics
Quality Management Plan
Configuration Management System
33. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.
Communications Technology
Estimate Costs
Lead
Program Evaluation and Review Technique (PERT)
34. Used to solicit proposals from prospective sellers
Formal acceptance and closure
Observations
Procurement Documents
Re-baselining
35. 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
Contingency - Buffer - Reserve
Fast Tracking
Requirements Traceability Matrix
36. 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 Procurement Management
Work Authorization System
Assumptions
System or Process
37. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
External Feedback
Procurement performance reviews
Project Charter
Fast Tracking
38. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Configuration Management System
Control Account
Prototypes
Project Procurement Management
39. 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.
Product Description
Contract
Project Risk Management
Performance Reviews
40. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Critical Path Methodology (CPM)
Formal acceptance and closure
Communications Technology
41. 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.
Group Creativity Techniques
Risk Audits
Schedule Baseline
Develop Schedule
42. 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.
Perform Qualitative Risk Analysis
Differences between Operations and Project
Risk Database
Project Stakeholders
43. Methods used to distribute information to team members and other stakeholders.
Scope baseline
Information Distribution Methods
Performance Reviews
Project Communications Management
44. 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
Human Resource Practices
Parametric Estimating
Lag
Formal acceptance and closure
45. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Scope Change Control System
Staffing Pool Description
Inspection
Team Building Activities
46. 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
Initiation
Contract
Identify Risks
Coding Structure
47. 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.
Communications Technology
Risk
Data precision
Independent estimates
48. 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
Technical performance measurement
Program
Functional Organization
49. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Scope baseline
Change Control System
Procurement file
Transference
50. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Control Schedule
Total Float
Direct costs
To-Complete Performance Index (TCPI)