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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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 cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.






2. 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.






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






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






5. 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.






6. Any modification to the agreed upon project scope as defined by the approved WBS






7. Any modification to the contents of the project plan or the supporting details.






8. 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






9. Factors that will limit the project management team's options (e.g. - a predefined budget)






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






11. Approved modifications to the project schedule that are used to manage the project






12. 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






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






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






15. 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






16. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






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






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






19. 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.






20. Project team must measure itself periodically against the expectations of those outside the project.






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






22. 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






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






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






25. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






26. Documents the characteristics of the product - result - or service which the project is undertaken to create.






27. 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






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






29. 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.






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






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






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






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






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






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






36. Outcome of activities performed to accomplish the project.






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






38. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






39. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






40. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






41. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






42. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






43. 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






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






45. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






46. 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






47. 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






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






49. 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






50. 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







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