CAPM Prep Course 1

Question 1

360- Degree appraisal

Answer 1

A performance review completed by a
person’s peers, managers, and subordinates.
It’s called a 360-degree appraisal as it’s a circle
or reviews by people at different levels of an
organization.

Question 2

Acceptance

Answer 2

This is a response to a risk event, generally
made when the probability of the event
and/or impact are small. It is used when
mitigation, transference, or avoidance are not
selected.

Question 3

Active Listening

Answer 3

This occurs when the receiver confirms the
message is being received by feedback,
questions, prompts for clarity, and other signs
of having received the message.

Question 4

Activity Attributes

Answer 4

Activities that special conditions,
requirements, risks, and other conditions
should be documented.

Question 5

Activity Cost Estimates

Answer 5

The cost of resources including materials,
services, and when warranted, labor should
be estimated.

Question 6

Activity List

Answer 6

A listing of all of the project activities required
to complete each project phase or the entire
project. This list is an input to the project
network diagram.

Question 7

Activity on Node

Answer 7

A network diagramming approach that places
the activities on a node in the project network
diagram.

Question 8

Activity Sequencing

Answer 8

The process of mapping the project activities
in the order in which the work should be
completed.

Question 9

Actual Cost

Answer 9

The amount funds the project has spent to
date. The difference between actual costs and
the earned value will reveal the cost variance.

Question 10

Adjourning

Answer 10

The final stage of team development; once the
project is done, the team moves onto other
assignments either as a unit or the project
team ream is disbanded and individual team
members go onto other work.

Question 11

Affinity Diagram

Answer 11

Clusters like ideas together and allows for
decomposition of ideas to compare and
contrast project requirements

Question 12

Analogous Estimating

Answer 12

This relies on historical information to predict
estimates for current projects. Analogous
estimating is also known as top-down
estimating and is a form of expert judgment.

Question 13

Application areas

Answer 13

The areas of discipline that a project may
center upon. Consider technology, law, sales,
marketing, and construction among many
others.

Question 14

Assumption log

Answer 14

A document that clearly identifies and tracks
assumptions that are made in the project. All
assumptions need to be tested for their
validity and the outcome of the test should be
recorded.

Question 15

Autocratic

Answer 15

The project manager makes all of the

decisions.

Question 16

Avoidance

Answer 16

This is one response to a risk event. The risk is
avoided by planning a different technique to
remove the risk from the project.

Question 17

Benchmarking

Answer 17

A process of using prior projects within or
external to the performing organization to
compare and set quality standards for
processes and results.

Question 18

Benefit Measurement Methods

Answer 18

Project selection methods that compare the
benefits of projects to determine which
project the organization should invest its
funds.

Question 19

Benefit/Cost Analysis

Answer 19

The process of determining the pros and cons

of any project, process, product, or activity

Question 20

Benefit/cost Rations

Answer 20

Shows the proportion of benefits to costs; for
example 4:1 would equate to four benefits
and just one cost.