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. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






2. 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






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






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






5. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






6. Process of formalizing acceptance of the completed project deliverables






7. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






8. 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






9. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






10. 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






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






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






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






14. 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






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






16. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






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






18. 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.






19. 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.






20. Considers the characteristics of those prospective staff who are available to join the project team.






21. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






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






23. 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.






24. 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






25. 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






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






27. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






28. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






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






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






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






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






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






34. 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






35. 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






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






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






38. 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






39. 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.






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






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






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






43. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






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






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






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






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






48. 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






49. 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.






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