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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 process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.
Monitor and Control Risks
Project Quality Management
Identify Stakeholders
Perform Quantitative Risk Analysis
2. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.
Project Charter
Project Assumption Testing
Project Risk Management
Independent estimates
3. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Estimate at Completion (EAC)
Risk management policies
Procurement file
Group Decision Making Techniques
4. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.
Time and Material (T&M) Contracts
Decision Tree
Stakeholder register
Collocation
5. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.
Sub Network / Fragment Network
Resource Calendar
Tolerances vs. Control limits
Direct costs
6. 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
Schedule updates
Project Risk Management
Estimate at Completion (EAC)
Product description
7. Factors that will limit the project management team's options (e.g. - a predefined budget)
Earned Value Analysis
Program
Constraints
Human Resource Practices
8. 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
External Dependencies
Project Risk Management
Workaround plans
Probabilistic Analysis of the project
9. 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 Charter
Re-baselining
Organizational Policies
10. 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.
Assumptions Analysis
Data precision
Team Development
Probability and impact matrix
11. 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
Transference
Mitigation
Triggers
12. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Project Selection Methods
Procurement Statements of Work (SOW)
Project Scope Management
Project Cost Management
13. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Critical Path Method
Project Selection Methods
Simulation
Scope Changes
14. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.
Group Decision Making Techniques
Project Selection Methods
Procurement Statements of Work (SOW)
Estimate at Completion (EAC)
15. Factors which - for planning purposes - are considered to be true - real or certain.
Critical Path Methodology (CPM)
Assumptions
Project Procurement Management
Performance Reviews
16. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.
Avoidance
Human Resource Practices
Identify Risks
Distribute Information
17. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.
Root Cause Analysis
Risk Audits
Sensitivity Analysis
Identify Risks
18. 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
Lessons Learned
Estimate to Complete (ETC)
Risk Categories
Resource Leveling
19. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.
Coding Structure
Schedule Baseline
Project Team Directory
Work Results
20. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
Prototypes
Project Files
Plan Procurements
Plan Risk Management
21. A modification of a logical relationship that directs a delay in the successor activity.
Distribute Information
Risk Consequences
Crashing
Lag
22. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Change Requests
Develop Schedule
Earned Value Analysis
Perform Qualitative Risk Analysis
23. 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
Staffing Requirements
Time and Material (T&M) Contracts
Work Results
Bid / quotation
24. 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
Differences between Operations and Project
Quality Assurance
Procurement negotiations
Deliverable
25. 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
Trend Analysis
Risk Database
Quantitatively based durations
26. Changing the project management plan to eliminate the threat entirely.
Performance Reviews
Avoidance
Procurement negotiations
Project Schedule Network Diagrams
27. Considers the characteristics of those prospective staff who are available to join the project team.
Simulation
Manage Stakeholder
Staffing Pool Description
Attribute Sampling vs. Variables Sampling
28. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
Avoidance
Control Costs
Project Integration Management
Similarities between Operations and Projects
29. 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.
Revised Cost Estimates
Assumptions Analysis
Scope Management Plan
Project Procurement Management
30. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.
Sequence Activities
Acceptance
Make-or-buy analysis
Fast Tracking
31. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.
Scope Statement
Re-baselining
Critical Path Method
Estimate Costs
32. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.
Analogous Estimating (top-down)
Group Decision Making Techniques
Rework
Constraints
33. Special category of revised cost estimates to an approved cost baseline.
Functional Organization
Scope Management Plan
Interviews
Budget Updates
34. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers
Observations
Contract Change Control System
Direct costs
Qualified seller lists
35. A formal or informal approach to obtain information from stakeholders by talking to them directly
Interviews
Risk Consequences
Define Scope
System or Process
36. 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
Lag
Lead
Corrective Action
Similarities between Operations and Projects
37. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Responsibility Assignment Matrix (RAM)
Proposal
Statistical Sampling
Triggers
38. The policies - guidelines - or procedures that govern the recruitment of staff.
Status Review Meetings
Recruitment Practices
Scope Change Control System
Parametric Estimating
39. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.
Requirements Management Plan
Transference
Probabilistic Analysis of the project
Secondary Risks
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.
Lead
Lag
Activity List
Plan Procurements
41. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu
To-Complete Performance Index (TCPI)
Quality Audit
Product Scope
Risk Database
42. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.
Bidder Conferences
Program Evaluation and Review Technique (PERT)
Activity List
Project Quality Management
43. 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
Benchmarking
Qualified seller lists
Parametric Estimating
Perform Qualitative Risk Analysis
44. Special category of revised cost estimates to an approved cost baseline.
Forecasting
Prevention vs. Inspections
Code of Accounts
Sensitivity Analysis
45. Modifications to the cost estimation prepared for the project
Pareto Diagram/ Chart
Work Authorization System
Documentation Reviews
Revised Cost Estimates
46. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.
Simulation
Report Performance
Project Scope
Procurement performance reviews
47. 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
Control Account
Estimate Activity Resources
Flowcharts
Team Building Activities
48. 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
Constraints
Perform Quantitative Risk Analysis
Project Cost Management
49. 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.
Mitigation
Team Development
Project Time Management
Work Authorization System
50. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Root Cause Analysis
Estimate Costs
Performance Reviews
Project Planning Methodology
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