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. Focused sessions that bring key cross-functional stakeholders together to define product requirements






2. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






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






4. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






5. 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






6. 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.






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






8. 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






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






10. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






11. 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






12. 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






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






14. 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






15. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






16. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






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






18. 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






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






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






21. Outcome of activities performed to accomplish the project.






22. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






23. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






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






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






26. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






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






28. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






29. The work that must be done to deliver a product with the specified features and functions






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






31. Methods used to distribute information to team members and other stakeholders.






32. 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.






33. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






35. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






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






37. 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.






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






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






40. 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.






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






42. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






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






44. 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






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






46. 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






47. 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.






48. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






49. A documented list of project team members - their project roles - and communication information.






50. 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