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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. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Constraints
Project Scope Management
Proposals
Fixed- price contracts
2. Factors which - for planning purposes - are considered to be true - real or certain.
Risk Categories
Group Creativity Techniques
Assumptions
Product Scope
3. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Corrective Action
Control Charts
Estimate Costs
Information Distribution Methods
4. Factors that limit a buyer's options. E.g. - funds availability
Precedence Relationships
Organizational Policies
Parametric Estimating
Constraints
5. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Project Scope Management
Acquire Project Team
Project Cost Management
Procurement negotiations
6. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Procurement resources
Templates
Procurement performance reviews
Residual Risks
7. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Quality Assurance
Program
Quality Improvement
Procurement file
8. A table that links requirements to their origin and traces them throughout the project life cycle
Project Charter
Interviews
Monitor and Control Risks
Requirements Traceability Matrix
9. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Schedule Compression
Checklists
Statistical Sampling
Project Scope
10. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Earned Value Analysis
Project Cost Management
Administer procurements
Procurement Statements of Work (SOW)
11. 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
Make-or-buy analysis
Interviews
Expert Judgment
Project Plan Updates
12. 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
Program
Acceptance
Analogous Estimating / Top-down
Stakeholder Analysis
13. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Life Cycle Costing
Project Files
Risk management policies
Tolerances vs. Control limits
14. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Grade
External Dependencies
Make-or-buy analysis
Group Decision Making Techniques
15. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Estimate to Complete (ETC)
Bidder Conferences
Cost Management Plan
Inspection
16. Used to rate or score seller proposals
Perform Qualitative Risk Analysis
Templates
Source Selection Criteria
Procurement Documents
17. Process of defining and documenting stakeholders' needs to meet the project objectives
Collect Requirements
Process Adjustments
Estimate at Completion (EAC)
Resource Leveling
18. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Control Costs
Qualified seller lists
Attribute Sampling vs. Variables Sampling
Perform Quantitative Risk Analysis
19. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Documentation Reviews
Mitigation
Critical Path Methodology (CPM)
Project Scope Management
20. Process of developing a detailed description of the project and product
Develop Human Resource Plan
Product Description
Define Scope
Acceptance
21. Factors that - for planning purposes - will be considered true - real or certain.
Assumptions
Statistical Sampling
Acceptance
Perform Quantitative Risk Analysis
22. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide
Make-or-buy analysis
Root Cause Analysis
Bid / quotation
Trend Analysis
23. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o
Benchmarking
Control Charts
Group Creativity Techniques
Residual Risks
24. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Collocation
Administer procurements
Information Distribution Methods
Formal acceptance and closure
25. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.
Close procurements
Cost-reimbursable contracts
Indirect costs / Overhead costs
Make-or-buy analysis
26. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Risk Consequences
Project Life Cycle
Risk Categories
Transference
27. Describes the need - justification - requirements - and current boundaries for the project.
Scope baseline
Project Risk Management
Bid / quotation
Project Plan
28. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Program
Schedule Baseline
Performance Reviews
Procurement audits
29. 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.
Life Cycle Costing
Tolerances vs. Control limits
Acceptance
Team Building Activities
30. 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
Communications management plan
Fast Tracking
Design of Experiments (DOE)
Project Management
31. Charts that are used to show positions and relationships in a graphical format.
Risk Categories
Schedule updates
Procurement Statements of Work (SOW)
Organization Chart
32. 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.
Project Human Resource Management
Free Float
Performance Reports
Critical Path Methodology (CPM)
33. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Additional Risk Response Planning
Sensitivity Analysis
Program
Estimate Activity Resources
34. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Risk Management Plan
Develop Human Resource Plan
Transference
Observations
35. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje
Status Review Meetings
Team Development
Project Human Resource Management
Scope Changes
36. 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.
Requirements Traceability Matrix
Project Management Information Systems (PMIS)
Templates
Brainstorming
37. Processes and procedures developed for the closing or canceling of projects.
Constraints
Inspection
Requirements Traceability Matrix
Decomposition
38. 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
Project Risk Management
Project Time Management
Contract
39. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Templates
Bid / quotation
Project Communications Management
Project Management
40. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Recruitment Practices
Control Account
Conditional Diagramming Methods
Project Risk Management
41. Meetings held to assess project status and/or progress.
Performance Reviews
Cost Management Plan
Total Float
Plan Procurements
42. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Staffing Requirements
Workaround plans
Program Evaluation and Review Technique (PERT)
Procurement Management Plan
43. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Project Closeout
Project Cost Management
Coding Structure
Project Cost Management
44. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Probability and impact matrix
Organization Breakdown Structure
Process Adjustments
Conditional Diagramming Methods
45. 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.
Stakeholder register
Critical Path Method
Project Quality Management
Sub Network / Fragment Network
46. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.
Contract
Functional Organization
Observations
Coding Structure
47. 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
Sensitivity Analysis
Bid / quotation
Project Procurement Management
Cost Performance Baseline
48. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
Prototypes
Mitigation
Avoidance
Code of Accounts
49. The work that must be done to deliver a product with the specified features and functions
Life Cycle Costing
Additional Risk Response Planning
Project Scope
Triggers
50. 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.
Communications Technology
Estimate at Completion (EAC)
Simulation
Data Precision Ranking