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. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






2. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






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






4. 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.






5. 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.






6. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






7. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.






8. 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






9. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






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






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






12. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






13. 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






14. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






15. Meetings held to assess project status and/or progress.






16. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






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






18. 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






19. An applicable restriction that will affect the performance of the project/process.






20. 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






21. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






22. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






23. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






24. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






25. 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.






26. Technique to evaluate the degree to which data about risks is useful for risk management.






27. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






28. Considers the characteristics of those prospective staff who are available to join the project team.






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






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






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






32. The process of approximating the number of work periods needed to complete individual activities with estimated resources






33. Subdivision of project deliverables into smaller - more manageable components






34. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






35. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






36. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






37. 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






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






39. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






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






41. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






42. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






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






44. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






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






46. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






47. Quantities to be performed for each specific category - and can be used to estimate activity durations






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






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






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