Test your basic knowledge |

Subjects : certifications, capm
  • Answer 50 questions in 15 minutes.
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  • 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. Modifications to the cost estimation prepared for the project

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

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

4. 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

5. 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

6. 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.

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

8. 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.

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

10. 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.

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

12. 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

13. Collection of generally sequential project phases.

14. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result

15. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.

16. 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

17. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r

18. 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.

19. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization

20. 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

21. 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

22. 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

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

24. Meetings held to assess project status and/or progress.

25. Process of developing a detailed description of the project and product

26. Project team must measure itself periodically against the expectations of those outside the project.

27. 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

28. 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

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

30. 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

31. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.

32. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.

33. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers

34. 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

35. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.

36. 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.

37. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.

38. 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.

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

40. Involves setting a fixed total price for a defined product or service to be provided.

41. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.

42. Process of identifying the specific actions to be performed to produce the project deliverables.

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

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

45. 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

46. 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

47. 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.

48. Considers the characteristics of those prospective staff who are available to join the project team.

49. Features or services that characterize a product - result - or service

50. Allows for probabilistic treatment of both network logic and activity duration estimates