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. 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






2. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






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






4. Modifications to the cost estimation prepared for the project






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






6. Process of formalizing acceptance of the completed project deliverables






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






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






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






10. 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.






11. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






12. 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






13. Factors which - for planning purposes - are considered to be true - real or certain.






14. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






15. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






16. 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.






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






18. 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






19. Probability that a risk will occur.






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






21. 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






22. Outcome of activities performed to accomplish the project.






23. 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






24. 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.






25. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






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






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






28. 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






29. 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






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






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






32. 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






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






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






35. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






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






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






38. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






39. 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.






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






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






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






43. 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






44. 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






45. 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






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






47. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






48. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






49. 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






50. 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