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






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






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






4. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






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






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






7. Modifications to the cost estimation prepared for the project






8. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






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






10. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






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






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






13. Involves immediate corrective or preventive action as a consequence of quality control measurements.






14. Used to rate or score seller proposals






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






16. 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






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






18. 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






19. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






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






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






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






24. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






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






26. 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.






27. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






28. Collection of generally sequential project phases.






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






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






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






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






33. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






34. 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.






35. 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






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






37. 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.






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






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






40. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






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






43. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






44. 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






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






46. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






47. Risks that arise as a direct result of implementing a risk response.






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






49. 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.






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