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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. Process of identifying the specific actions to be performed to produce the project deliverables.
Define Activities
Control Charts
Assumptions Analysis
Control Account
2. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.
Direct costs
Tolerances vs. Control limits
Lead
Quality Assurance
3. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Project Scope
Program
Risk Categories
Decision Tree
4. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Make-or-buy analysis
Decision Tree
Information Distribution Methods
Risk management policies
5. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w
Subproject
Define Scope
Communication Requirements Analysis
Documentation Reviews
6. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Human Resource Practices
Cost-reimbursable contracts
Project Communications Management
Quality Assurance
7. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.
Precedence Relationships
Mathematical Analysis
Project Schedule
Resource Pool Descriptions
8. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Proposals
Control Scope
Procurement file
Project Procurement Management
9. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders
Documentation Reviews
Scope Statement
Project
Earned Value Analysis
10. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg
Project Selection Methods
Risk Consequences
Tolerances vs. Control limits
Checklists
11. 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.
Constraints
Stakeholder Analysis
Acceptance
Project Quality Management
12. 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
Assumptions
Project Management Information Systems (PMIS)
Simulation
Project Stakeholders
13. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.
Sensitivity Analysis
Perform Quality Control
Projectized Organization
Project Communications Management
14. 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.
Estimate at Completion (EAC)
Change Control System
Requirements Documentation
Acceptance
15. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Risk management policies
Design of Experiments (DOE)
Conduct Procurements
Change Control System
16. 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
Inspection
Lag
Benchmarking
Contingency - Buffer - Reserve
17. Technique to evaluate the degree to which data about risks is useful for risk management.
Schedule Baseline
Perform Quality Control
Data Precision Ranking
Acquire Project Team
18. Special category of revised cost estimates to an approved cost baseline.
Estimate Activity Durations
Prevention vs. Inspections
Code of Accounts
Project Communications Management
19. 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.
Manage Stakeholder
Group Creativity Techniques
Organization Chart
Performance Reviews
20. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Risk Management
Project Quality Management
Responsibility Assignment Matrix (RAM)
Procurement performance reviews
21. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.
Phase Exits/ Stage Gates/ Kill Points
Life Cycle Costing
Control Scope
Constraints
22. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.
Risk
Scope Change Control System
Analogous Estimating / Top-down
Quality Assurance
23. 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.
Prioritized list of quantified risks
Formal acceptance and closure
Qualified seller lists
Simulation
24. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
Scope Change Control System
Prototypes
Assumptions
Project Risk Management
25. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope
Work Breakdown Structure (WBS)
Data precision
Plan Risk Management
Scope Management Plan
26. 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.
Perform Qualitative Risk Analysis
Corrective Action
Performance Reviews
Indirect costs / Overhead costs
27. Factors which - for planning purposes - are considered to be true - real or certain.
Pareto Diagram/ Chart
Assumptions
Constraints
Team Development
28. 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.
Status Review Meetings
Program Evaluation and Review Technique (PERT)
Constraints
Triggers
29. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit
Program
Cost-reimbursable contracts
Total Float
Formal acceptance and closure
30. 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
Re-baselining
Recruitment Practices
Plan Risk Responses
31. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Scope Changes
Project Records
Project Selection Methods
Parametric Estimating
32. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Project Procurement Management
Statistical Sampling
Mitigation
Define Scope
33. 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.
Differences between Operations and Project
Rework
Lead
Project Human Resource Management
34. 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
Probability and impact matrix
Risk Categories
Conditional Diagramming Methods
Constraints
35. Describes the need - justification - requirements - and current boundaries for the project.
Benchmarking
Determine Budget
Scope baseline
Resource Calendar
36. Considers the characteristics of those prospective staff who are available to join the project team.
Group Creativity Techniques
Facilitated Workshops
Focus groups
Staffing Pool Description
37. 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.
Performance Reviews
Project Management
Cost Management Plan
Project Closeout
38. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Quality Metrics
Training
Project Communications Management
Critical Path Method
39. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.
Bidder Conferences
Checklists
Estimate to Complete (ETC)
Identify Risks
40. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Workaround plans
Decomposition
Product Scope
Work Results
41. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quantitative Risk Analysis
Project Schedule
System or Process
Work Results
42. The process of determining project stakeholders' information needs and defining a communication approach.
Project Human Resource Management
Change Requests
Mitigation
Plan Communications
43. 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
Fast Tracking
Identify Stakeholders
Identify Risks
Facilitated Workshops
44. 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
Root Cause Analysis
Simulation
Project Schedule Network Diagrams
Lessons Learned
45. Methods used to distribute information to team members and other stakeholders.
Sensitivity Analysis
Procurement file
Information Distribution Methods
Assumptions Analysis
46. 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
Functional Organization
Time and Material (T&M) Contracts
Project Life Cycle
Project Plan Updates
47. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Project Portfolio Management
Transference
Risk Consequences
Similarities between Operations and Projects
48. 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.
Project Files
Formal acceptance and closure
Project Cost Management
Quality Management Plan
49. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Code of Accounts
Projectized Organization
Program
Program Evaluation and Review Technique (PERT)
50. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Project Risk Management
Team Development
Documentation Reviews
Project Scope Management