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. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.






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






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






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






5. Generally used when considerations like technical approach and technical skills are paramount in source selection






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






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






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






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






10. 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






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






12. 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






13. 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






14. 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.






15. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.






16. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






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






18. Special category of revised cost estimates to an approved cost baseline.






19. 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






20. 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






21. 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






22. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






23. 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






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






25. 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






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






27. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






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






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






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






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






32. 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.






33. Process of formalizing acceptance of the completed project deliverables






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






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






36. Factors that limit a buyer's options. E.g. - funds availability






37. 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






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






39. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






40. 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 - knowledg






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






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






43. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






44. 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.






45. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






46. Collection of generally sequential project phases.






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






48. 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.






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






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