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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. The process of determining project stakeholders' information needs and defining a communication approach.
Project Closeout
Conduct Procurements
Coding Structure
Plan Communications
2. 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.
Develop Schedule
Cost Management Plan
Project Management Information Systems (PMIS)
Change Requests
3. Methods used to distribute information to team members and other stakeholders.
Project Charter
Cost Performance Baseline
Information Distribution Methods
Acceptance
4. 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.
Project Procurement Management
Prototypes
Sensitivity Analysis
Bidder Conferences
5. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Coding Structure
Define Scope
Benchmarking
Free Float
6. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Functional Organization
Project Files
Inspection
Training
7. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Estimate Activity Durations
Activity List
Scope Statement
Probabilistic Analysis of the project
8. Meetings held to assess project status and/or progress.
Direct costs
Performance Reviews
Communication Requirements Analysis
Bottom-up Estimating
9. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana
Plan Risk Responses
Grade
Project Communications Management
Program
10. Considers the characteristics of those prospective staff who are available to join the project team.
Inspection
Control Charts
Staffing Pool Description
Report Performance
11. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Documentation Reviews
Group Creativity Techniques
Re-baselining
Corrective Action
12. Used to rate or score seller proposals
Estimate Activity Resources
Constraints
Source Selection Criteria
Identify Stakeholders
13. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Attribute Sampling vs. Variables Sampling
Additional Risk Response Planning
Program Evaluation and Review Technique (PERT)
Source Selection Criteria
14. 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.
Trend Analysis
Sub Network / Fragment Network
Schedule Compression
Program
15. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Scope baseline
Quality Audit
Procurement Management Plan
Report Performance
16. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Conduct Procurements
Observations
Contract
Root Cause Analysis
17. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.
Sequence Activities
Project Scope
Plan Communications
Acquire Project Team
18. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Budget Updates
Analogous Estimating (top-down)
Mathematical Analysis
Develop Human Resource Plan
19. Process of obtaining seller responses - selecting a seller - and awarding a contract
Conduct Procurements
Work Results
Mandatory Dependencies (or Hard Logic)
Project Procurement Management
20. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.
Close procurements
Proposal
Work Authorization System
Formal acceptance and closure
21. Modifications to the cost estimation prepared for the project
Contract Change Control System
Bid / quotation
Revised Cost Estimates
Human Resource Practices
22. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.
Corrective Action
Develop Schedule
Estimate Costs
Tolerances vs. Control limits
23. 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.
Process Adjustments
Probabilistic Analysis of the project
Performance Reviews
Risk management policies
24. Involves setting a fixed total price for a defined product or service to be provided.
Fixed- price contracts
Critical Path Method
Cost Management Plan
Probabilistic Analysis of the project
25. 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
Phase Exits/ Stage Gates/ Kill Points
Matrix Organization
Residual Risks
Project Human Resource Management
26. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Quality
Control Account
Documentation Reviews
Constraints
27. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Risk Consequences
Organization Breakdown Structure
Change Control System
Project Cost Management
28. 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
Lag
Sensitivity Analysis
Re-baselining
Procurement audits
29. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Scope Change Control System
Procurement performance reviews
Control Schedule
Conduct Procurements
30. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Conditional Diagramming Methods
Project Cost Management
Decision Tree
Project Schedule Network Diagrams
31. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co
Project Management
Stakeholder register
Conditional Diagramming Methods
Cost Performance Baseline
32. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Project Planning Methodology
Risk management policies
Analogous Estimating (top-down)
Prototypes
33. 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
Change Control System
Organizational Policies
Status Review Meetings
Project Schedule
34. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Conditional Diagramming Methods
Status Review Meetings
Scope baseline
Procurement resources
35. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Plan Procurements
Activity List
Performance Reports
Resource Pool Descriptions
36. 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.
Estimate at Completion (EAC)
Project Portfolio Management
Project Management
Procurement audits
37. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Formal acceptance and closure
Project Schedule Network Diagrams
Control Scope
Decision Tree
38. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Cost Performance Baseline
Verify Scope
Cost-reimbursable contracts
Identify Stakeholders
39. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Estimate Activity Resources
Constraints
Similarities between Operations and Projects
Regulation
40. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Organization Chart
Procurement Statements of Work (SOW)
Make-or-buy analysis
Collect Requirements
41. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide
Root Cause Analysis
Define Scope
Configuration Management System
Residual Risks
42. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project
Staffing Requirements
Resource Leveling
Tolerances vs. Control limits
External Dependencies
43. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Resource Leveling
Formal acceptance and closure
Procurement Management Plan
Project Stakeholders
44. 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
Crashing
Performance Reports
Technical performance measurement
Project Risk Management
45. Special category of revised cost estimates to an approved cost baseline.
Scope Statement
Budget Updates
Schedule updates
Quality Audit
46. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Time Management
Project Selection Methods
Estimate Costs
Perform Quality Control
47. 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
Matrix Organization
Procurement audits
Grade
Benchmarking
48. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.
External Feedback
Contingency - Buffer - Reserve
Inspection
Develop Human Resource Plan
49. 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.
Direct costs
Recruitment Practices
Cost Management Plan
Determine Budget
50. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Contract Change Control System
Quality Metrics
Project Communications Management
Make-or-buy analysis
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