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. Process of formalizing acceptance of the completed project deliverables






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






3. 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.






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






5. Outcome of activities performed to accomplish the project.






6. 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.






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






8. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






9. Process of numerically analyzing the effect of identified risks on overall project objectives.






10. 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






11. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






12. 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






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






14. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






15. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe






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






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






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






19. Modifications to the cost estimation prepared for the project






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






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






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






23. 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






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






25. 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






26. Processes and procedures developed for the closing or canceling of projects.






27. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






28. 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






29. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






31. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






32. 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.






33. 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






34. Determining which risks may affect the project and documenting their characteristics.






35. 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.






36. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






37. Collection of generally sequential project phases.






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






39. 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.






40. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






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






42. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






43. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






44. 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.






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






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






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






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






49. Factors which - for planning purposes - are considered to be true - real or certain.






50. 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.