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. 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






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






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






4. 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






5. 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






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






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






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






9. 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.






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






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






12. 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.






13. 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






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






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






16. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






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






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






19. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.






20. 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






21. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.






22. 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






23. 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.






24. 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.






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






26. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






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






28. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






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






30. Used to solicit proposals from prospective sellers






31. 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






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. Involves developing a better understanding of the product of the project






34. A table that links requirements to their origin and traces them throughout the project life cycle






35. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






36. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.






37. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






38. A requirement imposed by a governmental body and its compliance is mandatory.






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






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






41. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






42. 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






43. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






44. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






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






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






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






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






49. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






50. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.