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. Project team must measure itself periodically against the expectations of those outside the project.






2. Probability that a risk will occur.






3. 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.






4. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






5. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






6. 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






7. Features or services that characterize a product - result - or service






8. It compares cost performance over time - schedule activities or work packages overrunning and under running the budget - and estimated funds needed to complete work in progress.






9. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






10. 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.






11. 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.






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






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






14. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.






15. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






16. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






17. Process of defining how to conduct risk management activities for a project.






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






19. 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.






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






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






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






23. Focused sessions that bring key cross-functional stakeholders together to define product requirements






24. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






25. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






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






27. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






28. 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.






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






30. 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.






31. 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






32. 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.






33. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.






34. Modifications to the cost estimation prepared for the project






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






36. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






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






38. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






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






40. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






41. 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.






42. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






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






44. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






45. 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.






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






47. 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






48. 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






49. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






50. Describes how individual requirements meet the business need for the project.