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






2. Outcome of activities performed to accomplish the project.






3. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






4. Any modification to the agreed upon project scope as defined by the approved WBS






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






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






7. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






8. 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






9. 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






10. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






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






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






13. 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






14. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






15. Probability that a risk will occur.






16. 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






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






18. 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






19. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






20. A table that links requirements to their origin and traces them throughout the project life cycle






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






22. A requirement imposed by a governmental body and its compliance is mandatory.






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






24. Modifications to the cost estimation prepared for the project






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






26. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






27. 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.






28. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






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






30. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






31. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






32. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






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






34. Process of identifying the specific actions to be performed to produce the project deliverables.






35. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






36. 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






37. Describes the need - justification - requirements - and current boundaries for the project.






38. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






39. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






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






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






42. 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






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






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






45. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






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






47. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






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






49. Changing the project management plan to eliminate the threat entirely.






50. The process of approximating the number of work periods needed to complete individual activities with estimated resources