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CAPM
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Subjects
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certifications
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capm
Instructions:
Answer 50 questions in 15 minutes.
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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. Allows for probabilistic treatment of both network logic and activity duration estimates
Control Costs
Probabilistic Analysis of the project
Procurement performance reviews
Graphical Evaluation and Review Technique (GERT)
2. 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
Configuration Management System
Focus groups
Process Adjustments
Schedule updates
3. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.
Projectized Organization
Staffing Requirements
Checklists
Templates
4. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Inspection
Identify Risks
Mathematical Analysis
Develop Schedule
5. A modification of a logical relationship that directs a delay in the successor activity.
Product Analysis
Sequence Activities
Indirect costs / Overhead costs
Lag
6. Outcome of activities performed to accomplish the project.
Earned Value Analysis
Product description
Work Results
Risk probability
7. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Plan Quality
Performance Reports
Scope Change Control System
Quality Policy
8. Documents how requirements will be analyzed - documented - and managed throughout the project
Team Building Activities
Trend Analysis
Cost Management Plan
Requirements Management Plan
9. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac
Responsibility Assignment Matrix (RAM)
Group Decision Making Techniques
System or Process
Phase Exits/ Stage Gates/ Kill Points
10. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Project Schedule
Risk probability
Sensitivity Analysis
Tolerances vs. Control limits
11. 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.
Contingency - Buffer - Reserve
Cost-reimbursable contracts
Determine Budget
Scope Changes
12. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.
Expert Judgment
Responsibility Assignment Matrix (RAM)
Project Human Resource Management
Staffing Pool Description
13. 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.
Sequence Activities
Project Procurement Management
Forecasting
Collect Requirements
14. 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
Tolerances vs. Control limits
Sequence Activities
Total Float
Simulation
15. 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
Procurement Management Plan
Analogous Estimating (top-down)
Project Records
Matrix Organization
16. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Attribute Sampling vs. Variables Sampling
Transference
Status Review Meetings
Schedule Baseline
17. Involves immediate corrective or preventive action as a consequence of quality control measurements.
External Feedback
Tolerances vs. Control limits
Process Adjustments
Configuration Management System
18. 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.
Develop Schedule
Simulation
Mitigation
Additional Risk Response Planning
19. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Quality Audit
Requirements Documentation
Human Resource Practices
Benchmarking
20. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Report Performance
Work Results
Configuration Management System
Work Authorization System
21. Process of defining and documenting stakeholders' needs to meet the project objectives
Plan Risk Management
Control Scope
Collect Requirements
Subproject
22. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline
Interviews
Mandatory Dependencies (or Hard Logic)
Control Schedule
To-Complete Performance Index (TCPI)
23. 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
Checklists
Procurement audits
Parametric Estimating
Sequence Activities
24. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson
Interviews
Attribute Sampling vs. Variables Sampling
Develop Schedule
Risk Database
25. 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
Change Control System
Estimate Activity Durations
Project Files
Design of Experiments (DOE)
26. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed
Close procurements
Procurement Management Plan
To-Complete Performance Index (TCPI)
Project Scope Management
27. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Procurement Statements of Work (SOW)
Facilitated Workshops
Project Files
Similarities between Operations and Projects
28. 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
Procurement Statements of Work (SOW)
Plan Quality
Control Account
29. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte
Assumptions
Control Costs
Risk Categories
Risk
30. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result
Project Scope
Focus groups
Code of Accounts
Project Management
31. Describes how risk management will be structured and performed on the project.
Project Communications Management
Risk Management Plan
Risk Register
Project Cost Management
32. Special category of revised cost estimates to an approved cost baseline.
Prevention vs. Inspections
Simulation
Crashing
Quantitatively based durations
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
Mandatory Dependencies (or Hard Logic)
Resource Leveling
External Dependencies
Quality Assurance
34. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Procurement audits
Status Review Meetings
Lessons Learned
Critical Path Method
35. Changing the project management plan to eliminate the threat entirely.
Avoidance
Constraints
Quality Audit
Recruitment Practices
36. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are
Simulation
Sensitivity Analysis
Monitor and Control Risks
Project Assumption Testing
37. 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.
Assumptions Analysis
Corrective Action
Resource Calendar
Risk Management Plan
38. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.
Project Cost Management
Program Evaluation and Review Technique (PERT)
Perform Qualitative Risk Analysis
Crashing
39. 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.
Control Costs
Quality Improvement
Quality Management Plan
Project Assumption Testing
40. 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
Project Schedule Network Diagrams
Product Description
Procurement resources
Performance Reviews
41. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Project Plan
Change Requests
Group Decision Making Techniques
Control Costs
42. 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 Register
Control Charts
Decomposition
Bottom-up Estimating
43. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o
Fixed- price contracts
Quality Metrics
Lag
Project Scope Management
44. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Acceptance
Project Schedule Network Diagrams
Mitigation
Cost Performance Baseline
45. Factors that limit a buyer's options. E.g. - funds availability
Acceptance
Simulation
To-Complete Performance Index (TCPI)
Constraints
46. 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
Project Integration Management
Activity List
Buyer-Seller relationship
Schedule updates
47. 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.
Assumptions
Perform Quantitative Risk Analysis
Risk Audits
Mathematical Analysis
48. 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.
Organization Breakdown Structure
Work Breakdown Structure (WBS)
Requirements Management Plan
Performance Reviews
49. 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.
Life Cycle Costing
Requirements Management Plan
Lag
Data Precision Ranking
50. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Pareto Diagram/ Chart
Procurement negotiations
Project Closeout
Expert Judgment
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