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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. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.
Project Communications Management
Independent estimates
Administer procurements
Data precision
2. Collection of generally sequential project phases.
Root Cause Analysis
Project Life Cycle
Phase Exits/ Stage Gates/ Kill Points
Verify Scope
3. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Procurement resources
Performance Reviews
Determine Budget
Project Cost Management
4. 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
Project Management
Stakeholder Analysis
Identify Risks
Procurement negotiations
5. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Time and Material (T&M) Contracts
Communications management plan
Bottom-up Estimating
Project Selection Methods
6. Probability that a risk will occur.
Inspection
Estimate Activity Resources
Requirements Documentation
Risk probability
7. 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.
Configuration Management System
Matrix Organization
Performance Reviews
Indirect costs / Overhead costs
8. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.
Control Schedule
Project Charter
Critical Path Method
Probabilistic Analysis of the project
9. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Trend Analysis
Risk
Team Development
Matrix Organization
10. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.
Control Account
Develop Schedule
Conduct Procurements
Formal acceptance and closure
11. 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
Critical Path Method
Probabilistic Analysis of the project
Stakeholder Analysis
12. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.
Conditional Diagramming Methods
Project Scope
Procurement audits
Risk management policies
13. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Control Account
Estimate Activity Durations
Risk Register
Cost Management Plan
14. Process of defining and documenting stakeholders' needs to meet the project objectives
Collect Requirements
Constraints
Procurement Management Plan
Organization Chart
15. Effect on project objectives if the risk event occurs.
Plan Procurements
Bottom-up Estimating
Risk Consequences
Requirements Documentation
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
Plan Risk Management
Benchmarking
Design of Experiments (DOE)
Additional Risk Response Planning
17. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.
Earned Value Analysis
Workaround plans
Organization Breakdown Structure
Corrective Action
18. 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
Status Review Meetings
Fast Tracking
Expert Judgment
Quality Assurance
19. Modifications to the cost estimation prepared for the project
Work Authorization System
Project Life Cycle
Product Scope
Revised Cost Estimates
20. 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.
System or Process
Performance Reports
Checklists
Cost Management Plan
21. 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.
Code of Accounts
Total Float
Plan Risk Responses
Procurement negotiations
22. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Checklists
Workaround plans
Control Scope
Decomposition
23. It can include correspondence - memos - meeting minutes - and documents describing the project.
Checklists
Mandatory Dependencies (or Hard Logic)
Project Records
Precedence Relationships
24. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the
Trend Analysis
Fast Tracking
Estimate Activity Durations
Lead
25. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.
Monitor and Control Risks
Project Quality Management
Identify Risks
Control Scope
26. 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.
Contingency - Buffer - Reserve
Constraints
Staffing Pool Description
Define Activities
27. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.
Mathematical Analysis
Critical Path Method
Requirements Management Plan
Change Control System
28. An applicable restriction that will affect the performance of the project/process.
Constraints
Data precision
Proposal
Technical performance measurement
29. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.
Performance Reviews
Triggers
Information Distribution Methods
Resource Leveling
30. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.
Initiation
Critical Path Methodology (CPM)
Project Management
Procurement Management Plan
31. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance
Team Building Activities
Sequence Activities
Estimate at Completion (EAC)
Change Control System
32. Process of defining how to conduct risk management activities for a project.
Plan Risk Management
Scope baseline
Communications management plan
Performance Reports
33. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r
Monitor and Control Risks
Project Risk Management
Risk Database
Constraints
34. 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
Contract
Sensitivity Analysis
Procurement audits
Bottom-up Estimating
35. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.
Bottom-up Estimating
Project Planning Methodology
Rework
Work Results
36. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Risk probability
Project Communications Management
Product Description
Probabilistic Analysis of the project
37. 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
Statistical Sampling
Mandatory Dependencies (or Hard Logic)
Crashing
Control Charts
38. Involves setting a fixed total price for a defined product or service to be provided.
Indirect costs / Overhead costs
Procurement Management Plan
Project Quality Management
Fixed- price contracts
39. Changing the project management plan to eliminate the threat entirely.
Avoidance
Indirect costs / Overhead costs
Conduct Procurements
Staffing Pool Description
40. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule
Project Risk Management
Develop Schedule
Estimate to Complete (ETC)
Program Evaluation and Review Technique (PERT)
41. 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
Data Precision Ranking
Lessons Learned
Project Files
Checklists
42. 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
Data precision
Quality Improvement
Communication Requirements Analysis
Project Integration Management
43. Includes the processes that organize - manage - and lead the project team.
Project Stakeholders
Procurement resources
Assumptions
Project Human Resource Management
44. Risks that arise as a direct result of implementing a risk response.
Secondary Risks
Mathematical Analysis
Estimate to Complete (ETC)
Lag
45. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Quality Audit
Revised Cost Estimates
Risk Register
Status Review Meetings
46. A modification of a logical relationship that directs a delay in the successor activity.
Lag
Stakeholder Analysis
Procurement negotiations
Lessons Learned
47. 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
Budget Updates
Scope Changes
Critical Path Method
48. 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.
Plan Procurements
Rework
Quality Management Plan
Attribute Sampling vs. Variables Sampling
49. Generally used when considerations like technical approach and technical skills are paramount in source selection
Proposal
Total Float
Project Time Management
Procurement performance reviews
50. 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
Precedence Relationships
Administer procurements
Project Schedule
Quality Management Plan