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. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






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






3. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






4. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






5. It compares cost performance over time - schedule activities or work packages overrunning and under running the budget - and estimated funds needed to complete work in progress.






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






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






8. Used to solicit proposals from prospective sellers






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






10. 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






11. 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






12. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






13. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






14. 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.






15. Documents how requirements will be analyzed - documented - and managed throughout the project






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






17. Records of previous project results that can be used to identify risks.






18. A modification of a logical relationship that directs a delay in the successor activity.






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






20. 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






21. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






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






23. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






24. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






25. 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.






26. 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.






27. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






28. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






29. 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.






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






31. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






32. 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






33. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






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






35. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






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






37. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






38. 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.






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






40. 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 -






41. 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.






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






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






44. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






45. Process of formalizing acceptance of the completed project deliverables






46. 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.






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






48. 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






49. Any modification to the contents of the project plan or the supporting details.






50. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.