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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. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Graphical Evaluation and Review Technique (GERT)
Data precision
Transference
Project Records
2. 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
To-Complete Performance Index (TCPI)
Attribute Sampling vs. Variables Sampling
Decision Tree
Resource Calendar
3. Technique to evaluate the degree to which data about risks is useful for risk management.
Data Precision Ranking
Quantitatively based durations
Procurement file
Flowcharts
4. 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.
Prioritized list of quantified risks
Requirements Documentation
Proposals
Schedule updates
5. 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.
Earned Value Analysis
Assumptions Analysis
Rework
Define Activities
6. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Re-baselining
Administer procurements
Risk Register
Work Results
7. Processes and procedures developed for the closing or canceling of projects.
Procurement performance reviews
Quality Improvement
Time and Material (T&M) Contracts
Project Closeout
8. Probability that a risk will occur.
Risk probability
Statistical Sampling
Checklists
Transference
9. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.
Schedule Baseline
Performance Reviews
Change Requests
Project Planning Methodology
10. 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
Schedule Compression
Phase Exits/ Stage Gates/ Kill Points
Conduct Procurements
Sensitivity Analysis
11. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.
Project Communications Management
Project Management Information Systems (PMIS)
Work Results
Coding Structure
12. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be
Determine Budget
Total Float
Quantitatively based durations
Project Stakeholders
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.
Project Closeout
Product Scope
Budget Updates
Acceptance
14. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Scope baseline
Cost-reimbursable contracts
Prototypes
Information Distribution Methods
15. 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
Quality Assurance
Qualified seller lists
Quality
Documentation Reviews
16. 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 -
Decision Tree
Quality Audit
System or Process
Requirements Traceability Matrix
17. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Data precision
Mitigation
Report Performance
Projectized Organization
18. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Simulation
Constraints
Risk Register
Project Files
19. 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
Crashing
Deliverable
Recruitment Practices
Control Account
20. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Estimate Activity Resources
Project Schedule Network Diagrams
Risk management policies
Analogous Estimating (top-down)
21. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Control Scope
Project Scope Management
Cost-reimbursable contracts
Cost Management Plan
22. 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
Project Plan
Procurement audits
Project Procurement Management
Product Description
23. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Resource Pool Descriptions
Control Scope
Inspection
Risk Categories
24. 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.
Team Development
Residual Risks
Change Requests
Project Procurement Management
25. Processes and procedures developed for the closing or canceling of projects.
Deliverable
Buyer-Seller relationship
Inspection
Project Scope Management
26. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Prototypes
Project Charter
Quality Metrics
Plan Quality
27. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Risk Management
Bottom-up Estimating
Project Management
Schedule Compression
28. 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
Project Closeout
Code of Accounts
Regulation
29. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative
Independent estimates
Control Costs
Status Review Meetings
Brainstorming
30. 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.
Transference
Lead
Project Quality Management
Revised Cost Estimates
31. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Bid / quotation
Workaround plans
Resource Leveling
Report Performance
32. 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.
Interviews
Work Authorization System
Mitigation
Sequence Activities
33. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.
Probability and impact matrix
Plan Risk Responses
Project Plan
Sequence Activities
34. Any numbering system used to uniquely identify each component of the work breakdown structure.
Lag
Code of Accounts
Identify Risks
Project Plan Updates
35. Generally used when considerations like technical approach and technical skills are paramount in source selection
Project Charter
Determine Budget
Resource Calendar
Proposal
36. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Focus groups
Resource Pool Descriptions
Decision Tree
Interviews
37. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Forecasting
Crashing
Control Schedule
Risk
38. Features or services that characterize a product - result - or service
Product description
Project Cost Management
Product Scope
Decision Tree
39. 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.
Corrective Action
Status Review Meetings
Project Plan Updates
Contract Change Control System
40. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Work Results
Subproject
Group Decision Making Techniques
Process Adjustments
41. 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
Constraints
Stakeholder Analysis
Work Results
Bottom-up Estimating
42. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Contract
Program
Similarities between Operations and Projects
Differences between Operations and Project
43. Factors that limit a buyer's options. E.g. - funds availability
Estimate Activity Durations
Project Management Information Systems (PMIS)
Collocation
Constraints
44. 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.
Bottom-up Estimating
To-Complete Performance Index (TCPI)
Plan Risk Responses
Forecasting
45. 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
Estimate at Completion (EAC)
Project Risk Management
Design of Experiments (DOE)
Transference
46. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Project Team Directory
Team Building Activities
Assumptions
Statistical Sampling
47. Approved modifications to the project schedule that are used to manage the project
Schedule updates
Risk
Risk Consequences
Parametric Estimating
48. 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
Report Performance
Re-baselining
Schedule Baseline
Phase Exits/ Stage Gates/ Kill Points
49. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Training
Avoidance
Project Integration Management
Identify Stakeholders
50. 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
Resource Calendar
Initiation
Close procurements