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. 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






2. 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.






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






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






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






6. Used to rate or score seller proposals






7. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






8. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






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






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






11. 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






12. 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






13. 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






14. 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






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






16. 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.






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






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






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






21. Considers the characteristics of those prospective staff who are available to join the project team.






22. Generally used when considerations like technical approach and technical skills are paramount in source selection






23. 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.






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






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






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






28. 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






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






30. 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.






31. 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






32. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






33. 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






34. 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






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






36. 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






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






38. 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






39. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






40. 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.






41. Modifications to the cost estimation prepared for the project






42. 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






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






44. 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.






45. Involves immediate corrective or preventive action as a consequence of quality control measurements.






46. 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.






47. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






48. 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






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






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