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. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






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






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






4. Documents how requirements will be analyzed - documented - and managed throughout the project






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






6. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






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






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






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






10. 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






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






12. Collection of generally sequential project phases.






13. 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.






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






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






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






17. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






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






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






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






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






22. A project is a temporary endeavor undertaken to create a unique product - service - or result






23. 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.






24. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






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






26. 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






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






28. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






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






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






31. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






32. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






33. 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.






34. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






35. 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.






36. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.






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






38. 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






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






40. 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.






41. Modifications to the cost estimation prepared for the project






42. Used to rate or score seller proposals






43. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






44. Describes how risk management will be structured and performed on the project.






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






46. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






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






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






49. 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.






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