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 how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






2. A table that links requirements to their origin and traces them throughout the project life cycle






3. Modifications to the cost estimation prepared for the project






4. 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.






5. Involves immediate corrective or preventive action as a consequence of quality control measurements.






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






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






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






9. Terms used when the source selection decision will be based on price






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






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






12. Factors that - for planning purposes - will be considered true - real or certain.






13. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.






14. 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.






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






16. 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






17. 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.






18. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






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






20. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






21. 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






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






23. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






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






25. 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 - knowledg






26. 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.






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






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






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






30. 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.






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






32. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






33. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






34. 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






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






36. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






37. 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.






38. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.






39. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






40. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






41. 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






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






43. 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.






44. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






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






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






47. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






48. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






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






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