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. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






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






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






4. 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.






5. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.






6. 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






7. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






8. Risks that arise as a direct result of implementing a risk response.






9. 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.






10. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






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






13. Collection of generally sequential project phases.






14. 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.






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






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






17. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






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






19. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define






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






21. 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.






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






23. 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






24. Outcome of activities performed to accomplish the project.






25. 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






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






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






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. 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.






30. Focused sessions that bring key cross-functional stakeholders together to define product requirements






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






32. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






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






34. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






35. The work that must be done to deliver a product with the specified features and functions






36. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






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






38. 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






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






40. 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






41. 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






42. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






43. 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.






44. 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






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






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






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






48. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






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






50. Used to solicit proposals from prospective sellers