Test your basic knowledge |

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. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






2. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






3. Documents the characteristics of the product - result - or service which the project is undertaken to create.






4. 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.






5. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






6. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






7. Charts that are used to show positions and relationships in a graphical format.






8. A table that links requirements to their origin and traces them throughout the project life cycle






9. Methods used to distribute information to team members and other stakeholders.






10. Process of developing a detailed description of the project and product






11. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






12. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






13. Documents how requirements will be analyzed - documented - and managed throughout the project






14. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






15. The process of determining project stakeholders' information needs and defining a communication approach.






16. 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.






17. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






18. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






19. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






20. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






21. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






22. Involves developing a better understanding of the product of the project






23. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






24. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.






25. A documented list of project team members - their project roles - and communication information.






26. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






27. 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.






28. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






29. Any modification to the agreed upon project scope as defined by the approved WBS






30. Technologies or methods to transfer information among project stakeholders.






31. 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.






32. 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.






33. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






34. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






35. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






36. Charts/ 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 -






37. Involves immediate corrective or preventive action as a consequence of quality control measurements.






38. 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






39. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






40. 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






41. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






42. 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.






43. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






44. Involves setting a fixed total price for a defined product or service to be provided.






45. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






46. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






47. 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.






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.






49. Factors that - for planning purposes - will be considered true - real or certain.






50. 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