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. 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.






2. Modifications to the cost estimation prepared for the project






3. 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






4. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






5. 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.






6. Meetings held to assess project status and/or progress.






7. 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






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






9. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






10. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






11. 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






12. Process of formalizing acceptance of the completed project deliverables






13. Describes how risk management will be structured and performed on the project.






14. 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






15. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






16. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






17. 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






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






19. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






20. 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.






21. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






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






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






24. Technologies or methods to transfer information among project stakeholders.






25. 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.






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






27. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






28. 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






29. Documents how requirements will be analyzed - documented - and managed throughout the project






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






31. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






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






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






34. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






35. 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.






36. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






38. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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






40. 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.






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






42. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






43. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






44. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






45. Determining which risks may affect the project and documenting their characteristics.






46. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






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






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






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






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