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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. 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
Risk Categories
Product description
Work Results
Workaround plans
2. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Qualified seller lists
Quantitatively based durations
Project Procurement Management
Formal acceptance and closure
3. Technologies or methods to transfer information among project stakeholders.
Acceptance
Projectized Organization
Procurement file
Communications Technology
4. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Total Float
Project Integration Management
Coding Structure
Monitor and Control Risks
5. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Communication Requirements Analysis
Project Files
Project Communications Management
Resource Pool Descriptions
6. Used to solicit proposals from prospective sellers
Procurement resources
Qualified seller lists
Coding Structure
Procurement Documents
7. 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.
Change Control System
Total Float
Perform Qualitative Risk Analysis
Project Scope
8. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Procurement resources
Estimate Activity Resources
Team Development
Lessons Learned
9. Quantities to be performed for each specific category - and can be used to estimate activity durations
Determine Budget
Quantitatively based durations
Project Communications Management
Critical Path Methodology (CPM)
10. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Mitigation
Templates
Project Risk Management
Bottom-up Estimating
11. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Quality Metrics
Schedule Compression
Expert Judgment
Configuration Management System
12. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Resource Calendar
Constraints
Project Assumption Testing
Organization Breakdown Structure
13. The work that must be done to deliver a product with the specified features and functions
Project Scope
Manage Stakeholder
Risk probability
Procurement Statements of Work (SOW)
14. Process of developing a detailed description of the project and product
Define Scope
Make-or-buy analysis
Quality Policy
Procurement Statements of Work (SOW)
15. 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
Work Results
Control Account
Cost Performance Baseline
Contract Change Control System
16. 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
Work Authorization System
Program
Staffing Requirements
Parametric Estimating
17. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Decomposition
Corrective Action
Control Charts
Risk Management Plan
18. 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
Distribute Information
To-Complete Performance Index (TCPI)
Project Scope Management
Communications management plan
19. 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.
Prioritized list of quantified risks
Sub Network / Fragment Network
Project Communications Management
Identify Risks
20. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.
Quality Audit
Checklists
Quality Management Plan
Procurement negotiations
21. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Process Adjustments
To-Complete Performance Index (TCPI)
Subproject
Control Scope
22. Processes and procedures developed for the closing or canceling of projects.
Parametric Estimating
Project Portfolio Management
Project Closeout
Code of Accounts
23. 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
Administer procurements
Initiation
Fast Tracking
Risk Audits
24. 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
Administer procurements
Benchmarking
Design of Experiments (DOE)
Subproject
25. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Procurement file
Avoidance
Workaround plans
Training
26. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.
Bid / quotation
Resource Leveling
Residual Risks
Schedule Compression
27. 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
Estimate Costs
Prioritized list of quantified risks
Staffing Pool Description
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.
Free Float
Organizational Policies
Indirect costs / Overhead costs
Project Procurement Management
29. 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.
Project Files
Control Charts
Independent estimates
Fixed- price contracts
30. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Source Selection Criteria
Resource Calendar
Observations
Work Results
31. 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.
Activity List
Quality Improvement
Free Float
Project Management Information Systems (PMIS)
32. Includes the processes that organize - manage - and lead the project team.
Scope baseline
Project Plan Updates
Attribute Sampling vs. Variables Sampling
Project Human Resource Management
33. 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
Administer procurements
Quality
Procurement audits
Requirements Documentation
34. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Critical Path Method
Risk Consequences
Procurement Management Plan
Risk Database
35. Describes the need - justification - requirements - and current boundaries for the project.
Estimate Costs
Project Time Management
Contract Change Control System
Scope baseline
36. A table that links requirements to their origin and traces them throughout the project life cycle
Risk Consequences
Project Time Management
Requirements Traceability Matrix
Status Review Meetings
37. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Scope Change Control System
Conditional Diagramming Methods
Group Decision Making Techniques
Tolerances vs. Control limits
38. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.
Total Float
Assumptions
Project Quality Management
Contingency - Buffer - Reserve
39. 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.
Rework
Functional Organization
Grade
Project Communications Management
40. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Cost-reimbursable contracts
Stakeholder register
Project Portfolio Management
Budget Updates
41. The policies - guidelines - or procedures that govern the recruitment of staff.
Recruitment Practices
Scope Changes
Process Adjustments
Procurement performance reviews
42. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking
Re-baselining
Project Planning Methodology
Fast Tracking
Forecasting
43. Modifications to the cost estimation prepared for the project
Revised Cost Estimates
Scope baseline
Risk Audits
Constraints
44. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.
Responsibility Assignment Matrix (RAM)
Project Schedule
Make-or-buy analysis
Requirements Management Plan
45. Factors that - for planning purposes - will be considered true - real or certain.
Risk Management Plan
Procurement Statements of Work (SOW)
Assumptions
Mathematical Analysis
46. 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.
Distribute Information
Constraints
Regulation
Deliverable
47. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Trend Analysis
Design of Experiments (DOE)
Procurement Management Plan
Team Building Activities
48. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Monitor and Control Risks
Documentation Reviews
Corrective Action
To-Complete Performance Index (TCPI)
49. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Corrective Action
Similarities between Operations and Projects
Re-baselining
Technical performance measurement
50. 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
Make-or-buy analysis
Responsibility Assignment Matrix (RAM)
Bid / quotation