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






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






3. 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






4. 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






5. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






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






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






8. 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.






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






10. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






11. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe






12. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






13. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






14. 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






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






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






17. Describes how risk management will be structured and performed on the project.






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






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






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






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






22. 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






23. 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.






24. Focused sessions that bring key cross-functional stakeholders together to define product requirements






25. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






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






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






28. 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.






29. 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






30. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






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






32. 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.






33. 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.






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






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






36. Process of defining how to conduct risk management activities for a project.






37. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






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. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






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






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






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






43. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






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






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






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






47. 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.






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






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






50. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana