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. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.






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






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






4. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






5. 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






6. 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.






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






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






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






10. 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.






11. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






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






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






14. 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.






15. 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






16. 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






17. Processes and procedures developed for the closing or canceling of projects.






18. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






19. 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






20. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






21. 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






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






23. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






24. A formal or informal approach to obtain information from stakeholders by talking to them directly






25. 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






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






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






28. 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






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






30. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






31. Collection of generally sequential project phases.






32. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






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






34. 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.






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






36. Used to solicit proposals from prospective sellers






37. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






38. 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






39. 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.






40. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






41. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






42. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






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






44. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






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






46. The policies - guidelines - or procedures that govern the recruitment of staff.






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






48. Process of formalizing acceptance of the completed project deliverables






49. Processes and procedures developed for the closing or canceling of projects.






50. 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