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






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






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






4. 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






5. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






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






7. Process of numerically analyzing the effect of identified risks on overall project objectives.






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






9. 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






10. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






11. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






12. 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.






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






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






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. 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






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






18. 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.






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






20. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






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






22. The process of determining project stakeholders' information needs and defining a communication approach.






23. Process of defining and documenting stakeholders' needs to meet the project objectives






24. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






25. 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






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






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






28. Collection of generally sequential project phases.






29. 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






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






31. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






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






33. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






34. 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.






35. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






36. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






37. Describes how individual requirements meet the business need for the project.






38. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






39. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






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






41. 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.






42. 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.






43. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu






44. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






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






46. Involves developing a better understanding of the product of the project






47. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






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






49. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu






50. 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.