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. 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






2. 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






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






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






5. 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






6. Any numbering system used to uniquely identify each component of the work breakdown structure.






7. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






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






9. 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






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






11. A modification of a logical relationship that directs a delay in the successor activity.






12. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






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






14. 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






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






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






17. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






18. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






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






20. 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






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






22. 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.






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






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






26. 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.






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






28. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






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






30. 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






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






32. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






33. 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.






34. 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






35. 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






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






37. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg






38. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






39. 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






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






41. 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.






42. 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






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






44. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






45. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.






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






47. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






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






49. 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.






50. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.