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






2. 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.






3. The process of approximating the number of work periods needed to complete individual activities with estimated resources






4. 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.






5. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






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






7. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






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






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






10. 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.






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






12. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






13. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






14. 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






15. 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.






16. 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.






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






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






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






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






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






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






24. It compares cost performance over time - schedule activities or work packages overrunning and under running the budget - and estimated funds needed to complete work in progress.






25. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






26. 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.






27. 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






28. 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.






29. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






30. Used to rate or score seller proposals






31. 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.






32. Process of developing a detailed description of the project and product






33. 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






34. 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.






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






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






37. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






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






39. 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






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






41. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






42. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






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






44. An applicable restriction that will affect the performance of the project/process.






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






46. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






47. 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






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






49. 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






50. Changing the project management plan to eliminate the threat entirely.