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. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






2. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






3. 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






4. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






5. 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.






6. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






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






8. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






9. 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






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






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






12. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






13. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






14. 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






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






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






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






18. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






19. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






20. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






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






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






23. 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.






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






25. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






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






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






28. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






29. 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






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






31. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






32. Special category of revised cost estimates to an approved cost baseline.






33. Factors that limit a buyer's options. E.g. - funds availability






34. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






35. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






37. 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






38. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






39. 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






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






41. 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






42. Technologies or methods to transfer information among project stakeholders.






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






44. 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






45. 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.






46. 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.






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






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






49. 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






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