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






2. 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.






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






4. 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






5. 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.






6. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






7. 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






8. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






9. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






10. 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 -






11. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






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






13. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






14. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






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






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






18. 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






19. 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






20. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






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






22. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






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






24. 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.






25. 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.






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






27. Modifications to the cost estimation prepared for the project






28. 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






29. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






30. 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.






31. 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






32. 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






33. 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






34. 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.






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






36. 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






37. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






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






39. Modifications to the cost estimation prepared for the project






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






41. 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.






42. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.






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






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






45. Involves setting a fixed total price for a defined product or service to be provided.






46. 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.






47. 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






48. 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






49. 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.






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