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






2. Allows for probabilistic treatment of both network logic and activity duration estimates






3. 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






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






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






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






7. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






8. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






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






10. Modifications to the cost estimation prepared for the project






11. 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






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






13. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






14. 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.






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






16. 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






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






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






19. Process of developing a detailed description of the project and product






20. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






21. 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






22. Used to solicit proposals from prospective sellers






23. 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.






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






25. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






26. 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.






27. 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






28. Process of formalizing acceptance of the completed project deliverables






29. 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






30. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






31. 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.






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






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






34. 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.






35. 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






36. 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






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






38. 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.






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






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






41. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






42. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






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






44. Probability that a risk will occur.






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






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






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






48. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






49. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






50. 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.