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






2. Process of obtaining seller responses - selecting a seller - and awarding a contract






3. Modifications to the cost estimation prepared for the project






4. 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






5. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






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






7. Involves setting a fixed total price for a defined product or service to be provided.






8. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






9. 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






10. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v






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






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






13. Modifications to the cost estimation prepared for the project






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






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






16. 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






17. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.






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. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






20. 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.






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






22. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






23. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






24. 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.






25. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






26. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






27. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






28. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






29. 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.






30. 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






31. 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






32. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






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






34. Outcome of activities performed to accomplish the project.






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






36. 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.






37. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






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






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






40. 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.






41. Charts that are used to show positions and relationships in a graphical format.






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






43. 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






44. 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






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






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






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






48. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






49. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






50. 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