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






3. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






4. 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.






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






6. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






7. 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.






8. 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.






9. 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






10. 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






11. Generally used when considerations like technical approach and technical skills are paramount in source selection






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






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






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






16. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






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






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






19. 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






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






21. 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






22. 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






23. 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.






24. 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






25. Technique to evaluate the degree to which data about risks is useful for risk management.






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






27. 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






28. 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






29. 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






30. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






31. Probability that a risk will occur.






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






33. 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.






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






35. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.






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






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






38. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






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






40. 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.






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






42. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v






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






44. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






45. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






46. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






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






48. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






49. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






50. 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