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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. 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.






2. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






3. 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.






4. The policies - guidelines - or procedures that govern the recruitment of staff.






5. 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






6. 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






7. 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






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






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






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






11. 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.






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






13. 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






14. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






15. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define






16. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






17. Used to rate or score seller proposals






18. 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






19. 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






20. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






21. 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.






22. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.






23. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






24. 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.






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






26. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






27. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






28. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






29. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






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






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






32. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.






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






34. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






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






36. 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






37. 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.






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






39. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






40. 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






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






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






43. 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.






44. Approved modifications to the project schedule that are used to manage the project






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






46. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






47. A requirement imposed by a governmental body and its compliance is mandatory.






48. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






49. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






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







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