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






2. 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.






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






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






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






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






7. Includes the processes that organize - manage - and lead the project team.






8. 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






9. Documents the characteristics of the product - result - or service which the project is undertaken to create.






10. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






11. Used to solicit proposals from prospective sellers






12. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






13. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






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






15. 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






16. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






17. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






18. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






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






20. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






21. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






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






23. 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






24. 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.






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






26. 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.






27. 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






28. 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.






29. Outcome of activities performed to accomplish the project.






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






32. 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.






33. Process of identifying the specific actions to be performed to produce the project deliverables.






34. Process of obtaining seller responses - selecting a seller - and awarding a contract






35. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






36. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






37. 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






38. 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.






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






40. 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






41. 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.






42. 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.






43. 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






44. Documents how requirements will be analyzed - documented - and managed throughout the project






45. Process of defining and documenting stakeholders' needs to meet the project objectives






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






47. 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.






48. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






49. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






50. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.