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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. Special category of revised cost estimates to an approved cost baseline.
Performance Reviews
Group Creativity Techniques
Estimate Activity Durations
Prevention vs. Inspections
2. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Life Cycle Costing
Corrective Action
Probabilistic Analysis of the project
Proposal
3. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v
Quality Improvement
Project Life Cycle
Bidder Conferences
Sensitivity Analysis
4. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.
Project Records
Cost Management Plan
Simulation
Decision Tree
5. Involves setting a fixed total price for a defined product or service to be provided.
Group Decision Making Techniques
Life Cycle Costing
Administer procurements
Fixed- price contracts
6. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc
Define Scope
Critical Path Methodology (CPM)
Project Communications Management
Report Performance
7. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.
Product Scope
Facilitated Workshops
Secondary Risks
Re-baselining
8. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity
Mandatory Dependencies (or Hard Logic)
Resource Leveling
Project Plan Updates
Estimate Activity Resources
9. A project is a temporary endeavor undertaken to create a unique product - service - or result
Close procurements
Project
Team Building Activities
Work Results
10. 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
Acquire Project Team
Report Performance
Pareto Diagram/ Chart
Scope Management Plan
11. 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
Code of Accounts
External Dependencies
Project Procurement Management
Perform Quantitative Risk Analysis
12. 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
Analogous Estimating / Top-down
Requirements Traceability Matrix
Develop Schedule
Control Schedule
13. Factors which - for planning purposes - are considered to be true - real or certain.
Plan Risk Management
Quality Assurance
Project Schedule
Assumptions
14. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Independent estimates
Bottom-up Estimating
Simulation
Budget Updates
15. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning
Estimate Activity Durations
Root Cause Analysis
Product description
Differences between Operations and Project
16. Modifications to the cost estimation prepared for the project
Recruitment Practices
Quantitatively based durations
Revised Cost Estimates
Precedence Relationships
17. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files
Project Files
Risk Consequences
Procurement file
Project Selection Methods
18. 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
Independent estimates
Estimate Costs
Pareto Diagram/ Chart
19. 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
Project Time Management
Avoidance
Project Schedule Network Diagrams
Phase Exits/ Stage Gates/ Kill Points
20. Modifications to the cost estimation prepared for the project
Control Account
Perform Quality Control
Phase Exits/ Stage Gates/ Kill Points
Project Cost Management
21. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.
Bid / quotation
Qualified seller lists
Develop Schedule
Project Communications Management
22. Focused sessions that bring key cross-functional stakeholders together to define product requirements
Human Resource Practices
Root Cause Analysis
Facilitated Workshops
Direct costs
23. Process of formalizing acceptance of the completed project deliverables
Project Time Management
Risk Management Plan
Human Resource Practices
Verify Scope
24. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start
Plan Risk Responses
Quantitatively based durations
Activity List
Precedence Relationships
25. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Procurement negotiations
Mandatory Dependencies (or Hard Logic)
Proposal
Tolerances vs. Control limits
26. 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
Risk management policies
Cost Performance Baseline
Parametric Estimating
Expert Judgment
27. 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.
Design of Experiments (DOE)
Project Quality Management
Process Adjustments
Constraints
28. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Project Stakeholders
Avoidance
Project Team Directory
29. 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.
Project Human Resource Management
Risk Categories
Quality Assurance
Project Files
30. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Administer procurements
Quality Metrics
Recruitment Practices
Re-baselining
31. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.
Risk Database
Activity List
Project Records
Work Authorization System
32. 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.
Qualified seller lists
Scope Changes
Quality Improvement
Team Development
33. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.
Plan Procurements
Project Integration Management
Project Files
Probability and impact matrix
34. Processes and procedures developed for the closing or canceling of projects.
Human Resource Practices
Project Stakeholders
Inspection
Change Requests
35. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.
Process Adjustments
Procurement performance reviews
Project Plan
Program
36. Documents how requirements will be analyzed - documented - and managed throughout the project
Corrective Action
Scope Change Control System
Identify Stakeholders
Requirements Management Plan
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.
System or Process
Assumptions
Crashing
Performance Reviews
38. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si
Matrix Organization
Project
Risk probability
Scope Management Plan
39. Used to rate or score seller proposals
Determine Budget
Inspection
Constraints
Source Selection Criteria
40. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.
Prevention vs. Inspections
Direct costs
Activity List
Assumptions
41. Determining which risks may affect the project and documenting their characteristics.
Simulation
Identify Risks
Contingency - Buffer - Reserve
Product Description
42. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe
Quantitatively based durations
Scope Statement
Inspection
Procurement audits
43. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe
Resource Calendar
Project Files
Plan Risk Responses
Graphical Evaluation and Review Technique (GERT)
44. Methods used to distribute information to team members and other stakeholders.
Project Management
Information Distribution Methods
Qualified seller lists
Critical Path Method
45. 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
Checklists
Matrix Organization
Risk Database
Project Closeout
46. Describes how individual requirements meet the business need for the project.
Requirements Documentation
Training
Project Records
Risk probability
47. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Phase Exits/ Stage Gates/ Kill Points
Decomposition
Project Quality Management
Avoidance
48. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Constraints
Project Planning Methodology
Pareto Diagram/ Chart
Resource Pool Descriptions
49. A formal or informal approach to obtain information from stakeholders by talking to them directly
Activity List
Interviews
Technical performance measurement
Stakeholder Analysis
50. 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.
Constraints
Assumptions Analysis
Project Risk Management
Decision Tree