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






2. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






3. 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.






4. Used to solicit proposals from prospective sellers






5. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






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






7. Collection of generally sequential project phases.






8. 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.






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






10. 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.






11. 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






12. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






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






14. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






15. Modifications to the cost estimation prepared for the project






16. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






17. Charts/ 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 -






18. 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.






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






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






21. Subdivision of project deliverables into smaller - more manageable components






22. The work that must be done to deliver a product with the specified features and functions






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






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






26. 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.






27. 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.






28. 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.






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






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






31. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






32. 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.






33. Methods used to distribute information to team members and other stakeholders.






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






35. Process of formalizing acceptance of the completed project deliverables






36. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






37. A documented list of project team members - their project roles - and communication information.






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






39. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






40. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






41. 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






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






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






44. 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






45. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






46. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






47. 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.






48. 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






49. 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






50. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs