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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. Process of developing a detailed description of the project and product
Define Scope
Procurement negotiations
Expert Judgment
Decomposition
2. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.
Simulation
Forecasting
Project Plan Updates
Project Procurement Management
3. 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
Change Control System
Revised Cost Estimates
Bid / quotation
4. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Close procurements
Project Schedule Network Diagrams
Documentation Reviews
Control Account
5. 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.
Quality Audit
Sub Network / Fragment Network
Communications Technology
Work Results
6. 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.
System or Process
Contingency - Buffer - Reserve
Schedule updates
Procurement Management Plan
7. Features or services that characterize a product - result - or service
Formal acceptance and closure
Risk Consequences
Product Scope
Quality
8. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Bid / quotation
Simulation
Group Decision Making Techniques
Project Plan
9. 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
Estimate to Complete (ETC)
Work Breakdown Structure (WBS)
Project Stakeholders
To-Complete Performance Index (TCPI)
10. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Mitigation
Graphical Evaluation and Review Technique (GERT)
Corrective Action
Observations
11. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Indirect costs / Overhead costs
Prioritized list of quantified risks
Workaround plans
Quality Assurance
12. 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
Estimate Activity Durations
Time and Material (T&M) Contracts
Additional Risk Response Planning
Sequence Activities
13. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.
Distribute Information
Budget Updates
Define Scope
Constraints
14. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Grade
Administer procurements
Project Human Resource Management
Risk management policies
15. Factors that limit a buyer's options. E.g. - funds availability
Constraints
Expert Judgment
Project Plan
Transference
16. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Fast Tracking
Phase Exits/ Stage Gates/ Kill Points
Determine Budget
Staffing Pool Description
17. Approved modifications to the project schedule that are used to manage the project
Make-or-buy analysis
Schedule updates
Resource Pool Descriptions
Procurement audits
18. 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.
Source Selection Criteria
Project Management
Residual Risks
Performance Reviews
19. Effect on project objectives if the risk event occurs.
Risk Consequences
Project Risk Management
Stakeholder register
Responsibility Assignment Matrix (RAM)
20. Allows for probabilistic treatment of both network logic and activity duration estimates
Configuration Management System
Project Human Resource Management
Scope Statement
Graphical Evaluation and Review Technique (GERT)
21. Broader view of Project Cost Management - whereby other than project costs - we consider the effect of project decisions on the cost of using the project's product.
Procurement file
Determine Budget
Project Communications Management
Life Cycle Costing
22. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.
Identify Stakeholders
Rework
Facilitated Workshops
Stakeholder register
23. 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.
Staffing Requirements
Program
Fast Tracking
Program Evaluation and Review Technique (PERT)
24. Determining which risks may affect the project and documenting their characteristics.
Interviews
Rework
Checklists
Identify Risks
25. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.
Constraints
Projectized Organization
Critical Path Method
Program Evaluation and Review Technique (PERT)
26. Any modification to the contents of the project plan or the supporting details.
Project Schedule
Project Plan Updates
Subproject
Responsibility Assignment Matrix (RAM)
27. Collection of generally sequential project phases.
Work Results
Project Life Cycle
Data Precision Ranking
Corrective Action
28. 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.
Project Cost Management
Deliverable
Monitor and Control Risks
Contract Change Control System
29. 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
Sensitivity Analysis
Project Time Management
Flowcharts
Information Distribution Methods
30. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Stakeholder Analysis
Additional Risk Response Planning
Corrective Action
Checklists
31. 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
Schedule Baseline
Grade
Scope Statement
Product description
32. 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.
Project Closeout
Cost Management Plan
Stakeholder register
Project Communications Management
33. The process of determining project stakeholders' information needs and defining a communication approach.
Qualified seller lists
Plan Communications
Resource Calendar
Project Files
34. Process of defining and documenting stakeholders' needs to meet the project objectives
Scope Change Control System
Secondary Risks
Collect Requirements
Change Requests
35. A table that links requirements to their origin and traces them throughout the project life cycle
Forecasting
Communications Technology
Differences between Operations and Project
Requirements Traceability Matrix
36. The policies - guidelines - or procedures that govern the recruitment of staff.
Total Float
Project Selection Methods
Recruitment Practices
Project Communications Management
37. Considers the characteristics of those prospective staff who are available to join the project team.
Bidder Conferences
Configuration Management System
Secondary Risks
Staffing Pool Description
38. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Perform Quantitative Risk Analysis
Total Float
Project Cost Management
Performance Reviews
39. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Free Float
Program
Change Control System
Project Human Resource Management
40. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Code of Accounts
Technical performance measurement
Quality Audit
Schedule Baseline
41. 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.
Re-baselining
Additional Risk Response Planning
Work Breakdown Structure (WBS)
Projectized Organization
42. 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
Procurement audits
Revised Cost Estimates
Functional Organization
Expert Judgment
43. Risks that arise as a direct result of implementing a risk response.
Technical performance measurement
Procurement file
Plan Communications
Secondary Risks
44. 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
Develop Human Resource Plan
Grade
Control Charts
Project Team Directory
45. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Scope baseline
Simulation
Control Costs
Sequence Activities
46. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Mandatory Dependencies (or Hard Logic)
Organization Chart
Contract
Mitigation
47. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Corrective Action
Estimate Activity Resources
Bidder Conferences
Deliverable
48. 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.
Make-or-buy analysis
Grade
Project Cost Management
Interviews
49. 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
Total Float
Procurement file
Bottom-up Estimating
Similarities between Operations and Projects
50. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Project Cost Management
Bidder Conferences
Free Float
Contract