Test your basic knowledge |

Subjects : certifications, capm
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. Focused sessions that bring key cross-functional stakeholders together to define product requirements

2. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed

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

4. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.

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

6. Factors that will limit the project management team's options (e.g. - a predefined budget)

7. Any modification to the contents of the project plan or the supporting details.

8. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.

9. 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

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

11. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.

12. Used to solicit proposals from prospective sellers

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

14. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.

15. 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

16. 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

17. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.

18. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.

19. 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

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

21. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide

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

23. Process of obtaining seller responses - selecting a seller - and awarding a contract

24. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.

25. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.

26. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe

27. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.

28. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.

29. It can include correspondence - memos - meeting minutes - and documents describing the project.

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

31. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.

32. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.

33. Describes the need - justification - requirements - and current boundaries for the project.

34. Terms used when the source selection decision will be based on price

35. 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

36. Risks that arise as a direct result of implementing a risk response.

37. Includes the processes that organize - manage - and lead the project team.

38. Special category of revised cost estimates to an approved cost baseline.

39. 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

40. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying

41. 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

42. Process of defining and documenting stakeholders' needs to meet the project objectives

43. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo

44. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.

45. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.

46. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.

47. Effect on project objectives if the risk event occurs.

48. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result

49. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.

50. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.