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






2. 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.






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






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






5. A modification of a logical relationship that directs a delay in the successor activity.






6. 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.






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






8. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






9. 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 -






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






11. 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






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






13. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






14. 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.






15. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






16. 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.






17. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






18. 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.






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






20. 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.






21. 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.






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






23. 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






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






25. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






26. Describes how individual requirements meet the business need for the project.






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






28. 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






29. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






30. 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






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






32. 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






33. An applicable restriction that will affect the performance of the project/process.






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






35. Quantities to be performed for each specific category - and can be used to estimate activity durations






36. 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






37. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






38. Generally used when considerations like technical approach and technical skills are paramount in source selection






39. 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.






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






41. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






42. Process of formalizing acceptance of the completed project deliverables






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






44. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






45. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






46. 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






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






48. Effect on project objectives if the risk event occurs.






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






50. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative