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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. 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






2. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






3. 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






4. 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.






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






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






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






8. 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






9. 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.






10. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






11. 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.






12. 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






13. Documents the characteristics of the product - result - or service which the project is undertaken to create.






14. 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.






15. 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.






16. 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






17. 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.






18. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






19. 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.






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






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






22. 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.






23. 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






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






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






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






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






28. Charts that are used to show positions and relationships in a graphical format.






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






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






31. 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.






32. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






33. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






34. 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






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






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






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






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






39. 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.






40. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






41. 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






42. 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






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






44. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.






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






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






47. Factors that limit a buyer's options. E.g. - funds availability






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






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






50. 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






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