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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. Factors that limit a buyer's options. E.g. - funds availability
Parametric Estimating
Plan Procurements
Constraints
Product Analysis
2. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
To-Complete Performance Index (TCPI)
Procurement performance reviews
Checklists
Revised Cost Estimates
3. Documents how requirements will be analyzed - documented - and managed throughout the project
Requirements Management Plan
Change Control System
Project Schedule
Team Development
4. Terms used when the source selection decision will be based on price
Decision Tree
Bid / quotation
Group Creativity Techniques
Proposals
5. 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
Residual Risks
Product Scope
Performance Reviews
6. Methods used to distribute information to team members and other stakeholders.
Project Assumption Testing
Resource Pool Descriptions
Information Distribution Methods
Brainstorming
7. 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.
Procurement performance reviews
Cost Management Plan
Project Life Cycle
Risk management policies
8. Subdivision of project deliverables into smaller - more manageable components
Cost Performance Baseline
Decomposition
Project Communications Management
Human Resource Practices
9. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Inspection
Risk Categories
Workaround plans
Perform Quality Control
10. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Facilitated Workshops
Checklists
Mandatory Dependencies (or Hard Logic)
Manage Stakeholder
11. Project team must measure itself periodically against the expectations of those outside the project.
Work Authorization System
Project Schedule Network Diagrams
External Feedback
Distribute Information
12. Collection of generally sequential project phases.
Activity List
Risk Management Plan
Project Files
Project Life Cycle
13. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Risk management policies
Estimate to Complete (ETC)
Information Distribution Methods
Work Results
14. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities
Verify Scope
Procurement resources
Product Description
Expert Judgment
15. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.
Earned Value Analysis
Projectized Organization
Buyer-Seller relationship
Project Communications Management
16. 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
Change Requests
Lag
Control Charts
Project Communications Management
17. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Change Requests
Project Assumption Testing
Team Building Activities
Templates
18. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.
Collect Requirements
Differences between Operations and Project
Project Management
Plan Procurements
19. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Quality Metrics
Plan Communications
Observations
Project Charter
20. 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.
Assumptions
Determine Budget
Time and Material (T&M) Contracts
Make-or-buy analysis
21. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Interviews
Quality Metrics
Process Adjustments
Product Description
22. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Project Scope
Resource Calendar
Project Files
Monitor and Control Risks
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.
Critical Path Methodology (CPM)
Grade
Additional Risk Response Planning
Collect Requirements
24. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Product Scope
Scope Statement
Probability and impact matrix
Project Scope
25. 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.
Change Control System
Perform Quantitative Risk Analysis
Subproject
Close procurements
26. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
System or Process
Work Authorization System
Project Assumption Testing
Checklists
27. Meetings held to assess project status and/or progress.
Performance Reviews
Project Human Resource Management
Source Selection Criteria
Checklists
28. Involves developing a better understanding of the product of the project
Collocation
Product Analysis
Regulation
Scope Management Plan
29. 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.
Interviews
Re-baselining
Indirect costs / Overhead costs
Stakeholder register
30. A modification of a logical relationship that directs a delay in the successor activity.
Perform Quality Control
Lag
Schedule Compression
Cost-reimbursable contracts
31. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc
Project Procurement Management
Plan Communications
Critical Path Methodology (CPM)
Constraints
32. Special category of revised cost estimates to an approved cost baseline.
Budget Updates
Assumptions
Administer procurements
Requirements Traceability Matrix
33. 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
External Dependencies
Performance Reviews
Assumptions
Flowcharts
34. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Quality Policy
Tolerances vs. Control limits
Estimate at Completion (EAC)
Training
35. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.
Quantitatively based durations
Report Performance
Plan Risk Management
Assumptions Analysis
36. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.
Mandatory Dependencies (or Hard Logic)
Configuration Management System
Risk Audits
Project Charter
37. Used to rate or score seller proposals
Project Time Management
Sub Network / Fragment Network
Source Selection Criteria
Mitigation
38. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Team Development
Work Results
Budget Updates
Procurement negotiations
39. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Project Stakeholders
Project Communications Management
Technical performance measurement
Indirect costs / Overhead costs
40. 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.
Performance Reviews
Constraints
Sub Network / Fragment Network
Quality Metrics
41. Special category of revised cost estimates to an approved cost baseline.
Plan Risk Responses
Prevention vs. Inspections
Team Development
Project Closeout
42. 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
Sensitivity Analysis
Activity List
Proposals
Analogous Estimating (top-down)
43. Risks that arise as a direct result of implementing a risk response.
Data precision
Secondary Risks
Mathematical Analysis
Probability and impact matrix
44. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched
Cost Management Plan
Project Time Management
Project Quality Management
Risk Categories
45. 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
Group Decision Making Techniques
Phase Exits/ Stage Gates/ Kill Points
Procurement performance reviews
Brainstorming
46. 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
Project Cost Management
Projectized Organization
Project Records
47. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Work Authorization System
Report Performance
Project Human Resource Management
Risk Register
48. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Observations
Scope Changes
Procurement Statements of Work (SOW)
49. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Data Precision Ranking
Code of Accounts
Project Management
Root Cause Analysis
50. Allows for probabilistic treatment of both network logic and activity duration estimates
Requirements Management Plan
Estimate to Complete (ETC)
Graphical Evaluation and Review Technique (GERT)
Acceptance