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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. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Critical Path Methodology (CPM)
Project Scope
Avoidance
Estimate Activity Durations
2. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Simulation
Communications management plan
Functional Organization
Code of Accounts
3. Process of formalizing acceptance of the completed project deliverables
Observations
Close procurements
Distribute Information
Verify Scope
4. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.
Status Review Meetings
Avoidance
Group Creativity Techniques
Triggers
5. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.
Verify Scope
Develop Human Resource Plan
Documentation Reviews
Control Charts
6. 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
Time and Material (T&M) Contracts
Project Risk Management
Project Human Resource Management
Lessons Learned
7. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Initiation
Observations
Configuration Management System
Resource Pool Descriptions
8. 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
Requirements Traceability Matrix
Estimate to Complete (ETC)
Cost Performance Baseline
Collect Requirements
9. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Re-baselining
Schedule Compression
Documentation Reviews
Change Control System
10. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Residual Risks
Initiation
Verify Scope
Observations
11. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Plan Procurements
Inspection
Stakeholder register
Determine Budget
12. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Schedule Compression
Product Description
Quality Metrics
Project Procurement Management
13. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Define Scope
Project Assumption Testing
Tolerances vs. Control limits
Sub Network / Fragment Network
14. 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.
Quality Management Plan
Conduct Procurements
Collect Requirements
Phase Exits/ Stage Gates/ Kill Points
15. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.
Verify Scope
Prioritized list of quantified risks
Process Adjustments
Decomposition
16. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Decomposition
Develop Schedule
Process Adjustments
Project Cost Management
17. 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
Parametric Estimating
Staffing Requirements
Cost Performance Baseline
Procurement file
18. Any numbering system used to uniquely identify each component of the work breakdown structure.
Code of Accounts
Product Description
Report Performance
Bottom-up Estimating
19. 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
System or Process
Work Results
Inspection
Design of Experiments (DOE)
20. Allows for probabilistic treatment of both network logic and activity duration estimates
Graphical Evaluation and Review Technique (GERT)
Benchmarking
Procurement negotiations
Resource Pool Descriptions
21. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.
Project Records
Checklists
Earned Value Analysis
Proposals
22. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Report Performance
Qualified seller lists
Prevention vs. Inspections
Scope Management Plan
23. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans
Acquire Project Team
Similarities between Operations and Projects
Requirements Traceability Matrix
Tolerances vs. Control limits
24. 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
Proposals
Simulation
Sub Network / Fragment Network
Communications Technology
25. 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.
Responsibility Assignment Matrix (RAM)
Performance Reports
Buyer-Seller relationship
Code of Accounts
26. 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
Quality Assurance
Program Evaluation and Review Technique (PERT)
Project Communications Management
Time and Material (T&M) Contracts
27. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Project Risk Management
Quality Improvement
Project
Administer procurements
28. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.
Technical performance measurement
Code of Accounts
Quality Management Plan
Determine Budget
29. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.
Identify Stakeholders
Mandatory Dependencies (or Hard Logic)
Project Selection Methods
Matrix Organization
30. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Re-baselining
Analogous Estimating (top-down)
Project Scope Management
Work Results
31. 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.
Communications Technology
Project Files
Quality Audit
Contingency - Buffer - Reserve
32. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking
Project Planning Methodology
System or Process
Make-or-buy analysis
Fast Tracking
33. Used to solicit proposals from prospective sellers
Differences between Operations and Project
Risk Management Plan
Data Precision Ranking
Procurement Documents
34. Involves immediate corrective or preventive action as a consequence of quality control measurements.
Conduct Procurements
Process Adjustments
Initiation
Resource Pool Descriptions
35. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Earned Value Analysis
Resource Pool Descriptions
Change Requests
Contract
36. Features or services that characterize a product - result - or service
Free Float
Acceptance
Product Scope
Project Quality Management
37. 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.
Scope baseline
Inspection
Performance Reviews
Schedule Baseline
38. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.
Control Account
Procurement performance reviews
Forecasting
Critical Path Methodology (CPM)
39. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
Risk Management Plan
Templates
Change Requests
Team Development
40. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Workaround plans
Program Evaluation and Review Technique (PERT)
Constraints
Team Building Activities
41. Any modification to the agreed upon project scope as defined by the approved WBS
Verify Scope
Procurement Documents
Independent estimates
Scope Changes
42. 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
Lead
Communication Requirements Analysis
Initiation
Proposals
43. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Group Decision Making Techniques
Statistical Sampling
Product description
Control Schedule
44. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.
Templates
Workaround plans
Schedule Baseline
Project Cost Management
45. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.
Plan Risk Responses
Administer procurements
Report Performance
Fast Tracking
46. Risks that arise as a direct result of implementing a risk response.
Forecasting
Secondary Risks
Time and Material (T&M) Contracts
Constraints
47. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This
Sub Network / Fragment Network
Project Schedule
Quality Improvement
Procurement negotiations
48. Collection of generally sequential project phases.
Project Assumption Testing
Project Life Cycle
Identify Stakeholders
Templates
49. Changing the project management plan to eliminate the threat entirely.
Project Charter
Constraints
Staffing Requirements
Avoidance
50. It can include correspondence - memos - meeting minutes - and documents describing the project.
Project Records
Mathematical Analysis
Activity List
Project Risk Management