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. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






2. 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.






3. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






4. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






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






7. 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






8. Subdivision of project deliverables into smaller - more manageable components






9. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






10. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






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






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






13. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






14. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






15. Outcome of activities performed to accomplish the project.






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






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






18. 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.






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






20. 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






21. Used to solicit proposals from prospective sellers






22. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






23. Process of developing a detailed description of the project and product






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






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






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






27. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






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






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






30. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






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






32. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






33. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






34. 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.






35. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






36. 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.






37. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






38. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






39. Modifications to the cost estimation prepared for the project






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






41. Processes and procedures developed for the closing or canceling of projects.






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






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






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






45. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






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






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






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






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. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.