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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. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.
Residual Risks
Recruitment Practices
Plan Communications
Coding Structure
2. 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.
Pareto Diagram/ Chart
Requirements Management Plan
Sequence Activities
Budget Updates
3. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.
Human Resource Practices
Project Human Resource Management
Group Decision Making Techniques
Tolerances vs. Control limits
4. Process of defining and documenting stakeholders' needs to meet the project objectives
Collocation
Requirements Traceability Matrix
Collect Requirements
Staffing Pool Description
5. Involves developing a better understanding of the product of the project
Product Analysis
Determine Budget
Project Plan Updates
Requirements Documentation
6. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg
Expert Judgment
Control Account
Procurement Management Plan
Checklists
7. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson
Manage Stakeholder
Project Risk Management
Risk Database
Documentation Reviews
8. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.
Control Charts
Deliverable
Constraints
Lag
9. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje
Close procurements
Project Plan Updates
Team Development
Contingency - Buffer - Reserve
10. Probability that a risk will occur.
Product Scope
Risk probability
Forecasting
Sub Network / Fragment Network
11. 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
System or Process
Project Risk Management
Project Stakeholders
Brainstorming
12. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.
Administer procurements
Project Portfolio Management
External Feedback
Independent estimates
13. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.
Distribute Information
Plan Quality
Project Communications Management
Transference
14. 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
Collect Requirements
Proposals
Project Human Resource Management
Communication Requirements Analysis
15. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.
Stakeholder register
Mitigation
Benchmarking
Projectized Organization
16. Special category of revised cost estimates to an approved cost baseline.
Manage Stakeholder
Decomposition
Project Risk Management
Prevention vs. Inspections
17. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t
Statistical Sampling
Crashing
Brainstorming
Manage Stakeholder
18. Technique to evaluate the degree to which data about risks is useful for risk management.
Re-baselining
Data Precision Ranking
Estimate at Completion (EAC)
Assumptions
19. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.
Data Precision Ranking
Coding Structure
Project Time Management
Risk Consequences
20. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.
Probability and impact matrix
Bidder Conferences
Project Cost Management
Plan Procurements
21. Allows for probabilistic treatment of both network logic and activity duration estimates
Analogous Estimating / Top-down
Project Integration Management
Plan Risk Responses
Graphical Evaluation and Review Technique (GERT)
22. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.
External Feedback
Fast Tracking
Prototypes
Schedule Baseline
23. Features or services that characterize a product - result - or service
Lag
Procurement Documents
Plan Procurements
Product Scope
24. Broader view of Project Cost Management - whereby other than project costs - we consider the effect of project decisions on the cost of using the project's product.
Bottom-up Estimating
Project Communications Management
Project Life Cycle
Quality
25. 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
Work Results
Benchmarking
Brainstorming
Project Portfolio Management
26. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.
Determine Budget
Change Control System
Contract Change Control System
Quality
27. Process of numerically analyzing the effect of identified risks on overall project objectives.
Perform Quantitative Risk Analysis
Checklists
Schedule Compression
Develop Schedule
28. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be
Fast Tracking
Information Distribution Methods
Total Float
Resource Calendar
29. 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.
Acceptance
Project Management
Project Quality Management
Project
30. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development
Project Management
Project Files
Resource Pool Descriptions
Procurement file
31. 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.
Collocation
Workaround plans
Process Adjustments
Estimate at Completion (EAC)
32. 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.
Initiation
Bidder Conferences
Product Description
Project Files
33. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.
Work Results
Trend Analysis
Risk management policies
Scope Management Plan
34. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.
Close procurements
Control Scope
Plan Quality
Product Description
35. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics
Attribute Sampling vs. Variables Sampling
Conditional Diagramming Methods
Checklists
Functional Organization
36. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs
Project Time Management
Inspection
Team Development
Scope Statement
37. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o
Scope Changes
Project Procurement Management
Project Scope Management
Attribute Sampling vs. Variables Sampling
38. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.
Data precision
Estimate Costs
Corrective Action
Procurement resources
39. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.
Budget Updates
Project Plan
Organizational Policies
Phase Exits/ Stage Gates/ Kill Points
40. Modifications to the cost estimation prepared for the project
Risk Audits
Performance Reviews
Revised Cost Estimates
Mathematical Analysis
41. The process of approximating the number of work periods needed to complete individual activities with estimated resources
Project Files
Control Schedule
Facilitated Workshops
Estimate Activity Durations
42. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.
Project Files
Define Activities
Rework
Control Scope
43. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.
Schedule updates
Total Float
Control Scope
Earned Value Analysis
44. Process of obtaining seller responses - selecting a seller - and awarding a contract
Procurement Statements of Work (SOW)
Buyer-Seller relationship
Conduct Procurements
Make-or-buy analysis
45. 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
Similarities between Operations and Projects
Matrix Organization
Analogous Estimating (top-down)
Close procurements
46. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co
Control Account
Configuration Management System
Team Development
Stakeholder register
47. Any numbering system used to uniquely identify each component of the work breakdown structure.
Code of Accounts
Project
Assumptions Analysis
Communications Technology
48. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.
Procurement performance reviews
Sensitivity Analysis
Sequence Activities
Assumptions Analysis
49. 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
Organizational Policies
Re-baselining
Recruitment Practices
Scope Management Plan
50. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology
Fast Tracking
Project Schedule Network Diagrams
Contingency - Buffer - Reserve
Risk Consequences