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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. Special category of revised cost estimates to an approved cost baseline.
Budget Updates
Determine Budget
Program Evaluation and Review Technique (PERT)
Contingency - Buffer - Reserve
2. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Process Adjustments
Project Records
Statistical Sampling
Change Requests
3. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Manage Stakeholder
Identify Stakeholders
Project Stakeholders
4. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Risk
Performance Reviews
Program
Report Performance
5. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Matrix Organization
Plan Quality
System or Process
Technical performance measurement
6. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang
Parametric Estimating
Estimate at Completion (EAC)
Project Integration Management
Communications management plan
7. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Risk probability
Proposal
External Feedback
Organization Breakdown Structure
8. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Flowcharts
Coding Structure
Manage Stakeholder
Performance Reviews
9. Approved modifications to the project schedule that are used to manage the project
Schedule updates
External Dependencies
Work Results
Acceptance
10. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Program
Contingency - Buffer - Reserve
Work Authorization System
Proposals
11. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Determine Budget
Prevention vs. Inspections
Expert Judgment
Sequence Activities
12. 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.
Schedule Compression
Develop Schedule
Risk Audits
Technical performance measurement
13. 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.
Monitor and Control Risks
Project Human Resource Management
Quality Improvement
Staffing Requirements
14. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.
Statistical Sampling
Collocation
Project Closeout
Close procurements
15. Any modification to the agreed upon project scope as defined by the approved WBS
Scope Changes
Project Management
Control Schedule
Project Scope
16. Terms used when the source selection decision will be based on price
Bid / quotation
Team Building Activities
Grade
Constraints
17. 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.
Information Distribution Methods
Quality Management Plan
Cost Management Plan
Risk Consequences
18. 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.
Project Plan
Program Evaluation and Review Technique (PERT)
Indirect costs / Overhead costs
Project Procurement Management
19. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.
Procurement audits
Control Schedule
Rework
Change Requests
20. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve
Benchmarking
Cost Performance Baseline
Quality Audit
Training
21. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Mathematical Analysis
Facilitated Workshops
Make-or-buy analysis
Administer procurements
22. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con
Project Human Resource Management
Project Portfolio Management
Re-baselining
Project Scope Management
23. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Focus groups
Bid / quotation
Risk Management Plan
Collocation
24. Modifications to the cost estimation prepared for the project
Simulation
Perform Quality Control
Subproject
Project Stakeholders
25. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Independent estimates
Determine Budget
Tolerances vs. Control limits
Project Management
26. A requirement imposed by a governmental body and its compliance is mandatory.
Cost Performance Baseline
Regulation
Project
Project Human Resource Management
27. 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
Project Charter
Source Selection Criteria
Crashing
Free Float
28. Effect on project objectives if the risk event occurs.
Risk Consequences
Assumptions
Quality Audit
Cost Performance Baseline
29. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Direct costs
Schedule updates
Project Risk Management
Estimate to Complete (ETC)
30. Modifications to the cost estimation prepared for the project
Qualified seller lists
External Dependencies
Revised Cost Estimates
Schedule Compression
31. 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 Feedback
Product Description
External Dependencies
Project Human Resource Management
32. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Facilitated Workshops
Crashing
Administer procurements
Product description
33. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Quality Improvement
Assumptions Analysis
Scope Statement
Group Decision Making Techniques
34. 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
Checklists
Configuration Management System
Procurement resources
Estimate at Completion (EAC)
35. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Project Cost Management
Facilitated Workshops
Procurement performance reviews
Trend Analysis
36. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Requirements Management Plan
Cost Management Plan
Stakeholder register
Earned Value Analysis
37. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Report Performance
Communication Requirements Analysis
Resource Leveling
Team Building Activities
38. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Estimate to Complete (ETC)
Plan Quality
Conditional Diagramming Methods
Indirect costs / Overhead costs
39. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Mathematical Analysis
Status Review Meetings
Scope Management Plan
Report Performance
40. A modification of a logical relationship that directs a delay in the successor activity.
Lag
Performance Reports
Indirect costs / Overhead costs
Communications management plan
41. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Activity List
Define Scope
Risk Consequences
Functional Organization
42. Process of identifying the specific actions to be performed to produce the project deliverables.
Work Results
Project Management Information Systems (PMIS)
Design of Experiments (DOE)
Define Activities
43. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Fast Tracking
Estimate at Completion (EAC)
Trend Analysis
Determine Budget
44. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Risk management policies
Mitigation
Human Resource Practices
Analogous Estimating (top-down)
45. 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
Manage Stakeholder
Project Closeout
Bottom-up Estimating
Project Communications Management
46. 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
Staffing Pool Description
Project Stakeholders
Project Selection Methods
To-Complete Performance Index (TCPI)
47. 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
Quality Audit
Control Charts
Perform Quality Control
Sub Network / Fragment Network
48. Process of obtaining seller responses - selecting a seller - and awarding a contract
Conduct Procurements
Activity List
Project Portfolio Management
Residual Risks
49. Processes and procedures developed for the closing or canceling of projects.
Control Schedule
Residual Risks
Inspection
Change Requests
50. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.
Buyer-Seller relationship
Process Adjustments
Contract Change Control System
Assumptions Analysis