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. 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






2. 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






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






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






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






6. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






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






8. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






9. Factors that will limit the project management team's options (e.g. - a predefined budget)






10. The policies - guidelines - or procedures that govern the recruitment of staff.






11. 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.






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






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






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






15. 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.






16. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






17. 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.






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






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






20. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






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






22. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






23. 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.






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






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






26. 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






27. 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






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






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






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






31. 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.






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






33. Used to rate or score seller proposals






34. 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






35. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






36. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






37. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






38. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






39. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






40. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






41. 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.






42. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.






43. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






44. Describes the need - justification - requirements - and current boundaries for the project.






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






46. 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.






47. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






48. 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






49. 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






50. 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