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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. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the
Observations
Project Stakeholders
Free Float
Estimate Activity Resources
2. Modifications to the cost estimation prepared for the project
Corrective Action
Administer procurements
Fast Tracking
Perform Quality Control
3. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.
Procurement Documents
Workaround plans
Responsibility Assignment Matrix (RAM)
Fast Tracking
4. 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)
Simulation
Project Schedule
Project Risk Management
5. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform
Procurement Documents
Sequence Activities
Analogous Estimating (top-down)
Administer procurements
6. A formal or informal approach to obtain information from stakeholders by talking to them directly
Pareto Diagram/ Chart
Critical Path Methodology (CPM)
Project Human Resource Management
Interviews
7. 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.
Qualified seller lists
Project Cost Management
Bidder Conferences
Project Assumption Testing
8. Allows for probabilistic treatment of both network logic and activity duration estimates
Graphical Evaluation and Review Technique (GERT)
Regulation
Simulation
Project Assumption Testing
9. Special category of revised cost estimates to an approved cost baseline.
Project Cost Management
Budget Updates
Bid / quotation
Lessons Learned
10. 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
External Feedback
Precedence Relationships
Quality Assurance
Project Portfolio Management
11. 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
Revised Cost Estimates
Constraints
Project Schedule Network Diagrams
Project Time Management
12. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.
Cost-reimbursable contracts
Similarities between Operations and Projects
Procurement Management Plan
Project Cost Management
13. The policies - guidelines - or procedures that govern the recruitment of staff.
To-Complete Performance Index (TCPI)
Critical Path Method
Recruitment Practices
Functional Organization
14. 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
Statistical Sampling
Checklists
Project Procurement Management
Stakeholder Analysis
15. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.
Additional Risk Response Planning
Group Creativity Techniques
Project Time Management
Administer procurements
16. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Critical Path Method
Project Stakeholders
Determine Budget
Project Procurement Management
17. 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
Perform Quality Control
Project Plan
Scope Statement
18. Factors that will limit the project management team's options (e.g. - a predefined budget)
Requirements Documentation
Constraints
Program Evaluation and Review Technique (PERT)
Project Stakeholders
19. Process of defining how to conduct risk management activities for a project.
System or Process
Responsibility Assignment Matrix (RAM)
Critical Path Methodology (CPM)
Plan Risk Management
20. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.
Projectized Organization
Simulation
Determine Budget
Program
21. Project team must measure itself periodically against the expectations of those outside the project.
Project Management
Project Team Directory
Lessons Learned
External Feedback
22. Records of previous project results that can be used to identify risks.
Project Files
Schedule Compression
Quality
Free Float
23. 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.
Secondary Risks
Attribute Sampling vs. Variables Sampling
Project Assumption Testing
Facilitated Workshops
24. 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
Matrix Organization
Bid / quotation
Project Risk Management
Critical Path Method
25. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.
Project Charter
Work Results
Product Description
Estimate to Complete (ETC)
26. 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
Status Review Meetings
Define Scope
Requirements Management Plan
27. 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
Requirements Documentation
Probabilistic Analysis of the project
Initiation
Quality Assurance
28. 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.
Critical Path Method
Direct costs
Close procurements
Quality
29. 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.
Templates
Group Creativity Techniques
Project Records
Project Quality Management
30. Effect on project objectives if the risk event occurs.
Project Assumption Testing
Risk Consequences
Deliverable
Project Files
31. 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
Time and Material (T&M) Contracts
Control Costs
Quantitatively based durations
Cost Performance Baseline
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.
Performance Reports
Work Breakdown Structure (WBS)
Quality Improvement
Decision Tree
33. Describes the need - justification - requirements - and current boundaries for the project.
Inspection
Scope baseline
Schedule Compression
Organizational Policies
34. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.
System or Process
Deliverable
Scope Change Control System
Project Portfolio Management
35. A project is a temporary endeavor undertaken to create a unique product - service - or result
Additional Risk Response Planning
Project
Secondary Risks
Assumptions
36. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.
Proposal
Staffing Requirements
Organizational Policies
Risk
37. Structured review of the project plans and assumptions - prior project files - contracts - and other information.
Brainstorming
Documentation Reviews
Performance Reviews
Control Scope
38. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.
Perform Qualitative Risk Analysis
Prototypes
Work Results
Procurement negotiations
39. Documents the characteristics of the product - result - or service which the project is undertaken to create.
Quality Audit
Product Description
Project Plan Updates
Workaround plans
40. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.
Project Scope
System or Process
Quality
Project Selection Methods
41. 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
Coding Structure
Fast Tracking
Product Description
Proposals
42. 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.
Control Account
Scope Changes
Rework
Code of Accounts
43. Quantities to be performed for each specific category - and can be used to estimate activity durations
Free Float
Technical performance measurement
Organization Breakdown Structure
Quantitatively based durations
44. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Root Cause Analysis
Estimate Costs
Prevention vs. Inspections
Direct costs
45. A documented list of project team members - their project roles - and communication information.
Cost Management Plan
Project Team Directory
Project Stakeholders
Project Management Information Systems (PMIS)
46. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.
Status Review Meetings
Plan Communications
Project Assumption Testing
Assumptions Analysis
47. 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.
Organization Breakdown Structure
Estimate Activity Resources
Constraints
Product description
48. 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.
Perform Quality Control
Develop Human Resource Plan
Work Authorization System
Risk Management Plan
49. 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
Team Development
Perform Qualitative Risk Analysis
Communication Requirements Analysis
Project Communications Management
50. Subdivision of project deliverables into smaller - more manageable components
Project Schedule
Organization Breakdown Structure
Project Risk Management
Decomposition