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CAPM
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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. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews
Phase Exits/ Stage Gates/ Kill Points
Conditional Diagramming Methods
Identify Stakeholders
Parametric Estimating
2. 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
Revised Cost Estimates
Simulation
Program
3. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Documentation Reviews
Similarities between Operations and Projects
Matrix Organization
Probabilistic Analysis of the project
4. 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
Data Precision Ranking
Projectized Organization
Sensitivity Analysis
5. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Probabilistic Analysis of the project
Attribute Sampling vs. Variables Sampling
Quality
Administer procurements
6. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Residual Risks
Lag
Inspection
Avoidance
7. Records of previous project results that can be used to identify risks.
Data precision
Project Management Information Systems (PMIS)
Project Files
Risk Categories
8. 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
Resource Leveling
Pareto Diagram/ Chart
Project Communications Management
Design of Experiments (DOE)
9. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Project Integration Management
Determine Budget
Product Scope
Root Cause Analysis
10. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Brainstorming
Risk
Workaround plans
Project Files
11. Terms used when the source selection decision will be based on price
Project
Budget Updates
Bid / quotation
Staffing Pool Description
12. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Contract Change Control System
Lead
Free Float
13. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Analogous Estimating (top-down)
Grade
Critical Path Method
Procurement negotiations
14. 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 Portfolio Management
Matrix Organization
Simulation
Information Distribution Methods
15. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t
Prevention vs. Inspections
Data Precision Ranking
Manage Stakeholder
Estimate Activity Durations
16. Technique to evaluate the degree to which data about risks is useful for risk management.
Product Scope
Project Quality Management
Project Scope Management
Data Precision Ranking
17. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Matrix Organization
Decision Tree
Parametric Estimating
Quality Metrics
18. Any numbering system used to uniquely identify each component of the work breakdown structure.
Assumptions Analysis
Coding Structure
Code of Accounts
Grade
19. 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.
Pareto Diagram/ Chart
Constraints
Project Cost Management
Monitor and Control Risks
20. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.
Resource Pool Descriptions
Human Resource Practices
Stakeholder register
Free Float
21. Factors that limit a buyer's options. E.g. - funds availability
Project Records
Report Performance
Constraints
Phase Exits/ Stage Gates/ Kill Points
22. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Group Creativity Techniques
Plan Procurements
Estimate Activity Durations
External Dependencies
23. Used to rate or score seller proposals
Project Schedule Network Diagrams
Crashing
Source Selection Criteria
Develop Human Resource Plan
24. Process of defining and documenting stakeholders' needs to meet the project objectives
Bid / quotation
Collect Requirements
Probabilistic Analysis of the project
Change Control System
25. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.
Re-baselining
Product Scope
Design of Experiments (DOE)
Free Float
26. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Corrective Action
Product Description
Risk Categories
Project Risk Management
27. Probability that a risk will occur.
Risk probability
Checklists
Sensitivity Analysis
Verify Scope
28. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.
Scope Change Control System
Project Schedule Network Diagrams
Observations
Project Management
29. A project is a temporary endeavor undertaken to create a unique product - service - or result
Inspection
Program Evaluation and Review Technique (PERT)
Project
Decision Tree
30. A modification of a logical relationship that directs a delay in the successor activity.
Root Cause Analysis
Lag
Analogous Estimating (top-down)
Make-or-buy analysis
31. 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
Interviews
Lessons Learned
Project Schedule
Risk probability
32. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.
Inspection
Contract
Prevention vs. Inspections
Differences between Operations and Project
33. 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.
Requirements Documentation
Budget Updates
Estimate at Completion (EAC)
Fixed- price contracts
34. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Checklists
Recruitment Practices
Mathematical Analysis
Focus groups
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
Team Development
Graphical Evaluation and Review Technique (GERT)
Control Schedule
Risk Consequences
36. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Organization Breakdown Structure
Project Communications Management
Functional Organization
Communication Requirements Analysis
37. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Critical Path Method
Scope Statement
Simulation
Decision Tree
38. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Process Adjustments
Project Team Directory
Project Management
Documentation Reviews
39. 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
Statistical Sampling
Risk Categories
Time and Material (T&M) Contracts
Perform Quality Control
40. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Mitigation
Direct costs
Triggers
Trend Analysis
41. 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
Critical Path Methodology (CPM)
External Feedback
Stakeholder Analysis
Quality Management Plan
42. Processes and procedures developed for the closing or canceling of projects.
Prioritized list of quantified risks
Project Closeout
Project Cost Management
Indirect costs / Overhead costs
43. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Scope Changes
Prototypes
Estimate to Complete (ETC)
Procurement negotiations
44. Special category of revised cost estimates to an approved cost baseline.
Plan Communications
Analogous Estimating / Top-down
Estimate Activity Durations
Budget Updates
45. Factors which - for planning purposes - are considered to be true - real or certain.
Critical Path Methodology (CPM)
Assumptions
Forecasting
Project Management Information Systems (PMIS)
46. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.
Procurement performance reviews
Independent estimates
Analogous Estimating (top-down)
Lag
47. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.
Close procurements
Acquire Project Team
Change Requests
Data Precision Ranking
48. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.
Identify Stakeholders
Organizational Policies
Project Risk Management
Fixed- price contracts
49. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Risk probability
Quality Improvement
Project Team Directory
Team Building Activities
50. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched
Lag
Project Time Management
Develop Schedule
Assumptions
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