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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. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Project Procurement Management
Project Management
Control Charts
Fast Tracking
2. Probability that a risk will occur.
Project Cost Management
Risk probability
Decision Tree
Develop Schedule
3. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Plan Risk Management
Monitor and Control Risks
Organization Breakdown Structure
Resource Leveling
4. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Crashing
Formal acceptance and closure
Control Costs
Probability and impact matrix
5. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Risk management policies
Lag
Facilitated Workshops
Additional Risk Response Planning
6. 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
Analogous Estimating / Top-down
To-Complete Performance Index (TCPI)
Simulation
Define Scope
7. 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
Precedence Relationships
Earned Value Analysis
Analogous Estimating / Top-down
Communications management plan
8. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Lag
Project Procurement Management
Assumptions Analysis
Procurement file
9. Generally used when considerations like technical approach and technical skills are paramount in source selection
Information Distribution Methods
Project Team Directory
Quality Management Plan
Proposal
10. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Project Procurement Management
Interviews
Project Human Resource Management
Estimate Costs
11. 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.
Life Cycle Costing
Subproject
Corrective Action
Quality Metrics
12. Process of defining and documenting stakeholders' needs to meet the project objectives
Identify Stakeholders
Decomposition
Subproject
Collect Requirements
13. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo
Sequence Activities
Quality Policy
Procurement file
Configuration Management System
14. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.
Risk Audits
Life Cycle Costing
Contingency - Buffer - Reserve
Control Account
15. Any modification to the contents of the project plan or the supporting details.
Project Schedule Network Diagrams
Configuration Management System
Project Records
Project Plan Updates
16. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Manage Stakeholder
Simulation
Mathematical Analysis
Define Scope
17. 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)
Code of Accounts
Communication Requirements Analysis
Formal acceptance and closure
18. 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 -
System or Process
Conditional Diagramming Methods
Acquire Project Team
Close procurements
19. 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.
Quality
Conditional Diagramming Methods
Initiation
Resource Leveling
20. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.
Project Procurement Management
Communication Requirements Analysis
Project Quality Management
Collocation
21. 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
Risk Categories
Communication Requirements Analysis
Brainstorming
Control Charts
22. Project team must measure itself periodically against the expectations of those outside the project.
Make-or-buy analysis
Quality Policy
External Feedback
Mitigation
23. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Project Schedule Network Diagrams
Life Cycle Costing
Project Planning Methodology
24. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.
Performance Reports
Schedule Compression
Determine Budget
Project Procurement Management
25. Processes and procedures developed for the closing or canceling of projects.
Acquire Project Team
Probability and impact matrix
Inspection
Scope Management Plan
26. Allows for probabilistic treatment of both network logic and activity duration estimates
Control Account
Graphical Evaluation and Review Technique (GERT)
Acquire Project Team
Quality Management Plan
27. Used to solicit proposals from prospective sellers
System or Process
Procurement Documents
Contingency - Buffer - Reserve
Acquire Project Team
28. 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.
Assumptions
Pareto Diagram/ Chart
Re-baselining
Work Breakdown Structure (WBS)
29. 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 Quality Management
Requirements Management Plan
Code of Accounts
Project Management Information Systems (PMIS)
30. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg
Scope baseline
Scope Management Plan
Project Quality Management
Checklists
31. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Organizational Policies
Secondary Risks
Acquire Project Team
Project Scope
32. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Communications Technology
Scope Statement
Project Scope
Risk management policies
33. A documented list of project team members - their project roles - and communication information.
Resource Pool Descriptions
Project Team Directory
Projectized Organization
Quality Management Plan
34. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned
Plan Communications
Bidder Conferences
Cost-reimbursable contracts
Lessons Learned
35. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Assumptions Analysis
Deliverable
Schedule Compression
Communication Requirements Analysis
36. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Free Float
Templates
Project Time Management
Communication Requirements Analysis
37. Describes how risk management will be structured and performed on the project.
Cost-reimbursable contracts
Matrix Organization
Workaround plans
Risk Management Plan
38. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Product Description
Risk Management Plan
Project Communications Management
Decision Tree
39. 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.
Cost Management Plan
Human Resource Practices
Identify Risks
Project Management Information Systems (PMIS)
40. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Earned Value Analysis
Decomposition
Pareto Diagram/ Chart
Mandatory Dependencies (or Hard Logic)
41. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Work Results
Matrix Organization
Assumptions
Mitigation
42. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.
Prototypes
Risk Register
Communications management plan
Estimate Activity Durations
43. 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.
Identify Risks
Time and Material (T&M) Contracts
Quality Improvement
Make-or-buy analysis
44. 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.
Critical Path Method
Work Results
Activity List
Procurement audits
45. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Risk Consequences
Project Risk Management
Distribute Information
Project Selection Methods
46. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization
Information Distribution Methods
Initiation
Statistical Sampling
Prioritized list of quantified risks
47. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Risk
Bid / quotation
Life Cycle Costing
Estimate Activity Resources
48. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Qualified seller lists
Documentation Reviews
Critical Path Methodology (CPM)
Product Scope
49. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Close procurements
Proposal
Additional Risk Response Planning
Critical Path Methodology (CPM)
50. 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
Conduct Procurements
Define Activities
Qualified seller lists
Project Time Management