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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. 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






2. A formal or informal approach to obtain information from stakeholders by talking to them directly






3. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






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






5. 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.






6. 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






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






8. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






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






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






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






12. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






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






14. 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






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






16. 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.






17. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






18. 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.






19. Used to solicit proposals from prospective sellers






20. It can include correspondence - memos - meeting minutes - and documents describing the project.






21. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






22. 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






23. 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.






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






26. 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.






27. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






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






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






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






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






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






33. Probability that a risk will occur.






34. 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.






35. 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.






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






37. 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.






38. 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.






39. 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






40. 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.






41. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






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






43. 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






44. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






45. 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






46. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






47. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.






48. Factors that will limit the project management team's options (e.g. - a predefined budget)






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






50. The process of determining project stakeholders' information needs and defining a communication approach.







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