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






2. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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






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






5. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result






6. Changing the project management plan to eliminate the threat entirely.






7. 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.






8. 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.






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






10. 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.






11. 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.






12. Any modification to the contents of the project plan or the supporting details.






13. 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






14. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






15. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






16. 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.






17. 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






18. 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






19. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






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






21. Approved modifications to the project schedule that are used to manage the project






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






23. Meetings held to assess project status and/or progress.






24. 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






25. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






26. A documented list of project team members - their project roles - and communication information.






27. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






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






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






30. 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






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






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






33. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






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






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






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






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






38. 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






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






40. 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.






41. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






42. 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






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






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






45. A project is a temporary endeavor undertaken to create a unique product - service - or result






46. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






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






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






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






50. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.