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. 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.






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






3. 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.






4. 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.






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






6. A requirement imposed by a governmental body and its compliance is mandatory.






7. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






8. 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






9. 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.






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






11. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






12. 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.






13. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






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






15. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






16. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






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






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






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






20. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






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






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






23. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






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






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






26. 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






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






28. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






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






30. 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






31. 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






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






33. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






34. 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






35. 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.






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






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






38. 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






39. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






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






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






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






43. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






44. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






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






46. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






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






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






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






50. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide