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 expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.






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






3. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






4. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






5. 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.






6. 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






7. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






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






9. 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






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






11. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






12. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






13. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






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






15. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






16. 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






17. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






18. 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






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






20. 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






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






22. 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.






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






24. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






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






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






27. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






28. Terms used when the source selection decision will be based on price






29. 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.






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






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






32. Describes how individual requirements meet the business need for the project.






33. 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






34. 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.






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






36. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






37. Quantities to be performed for each specific category - and can be used to estimate activity durations






38. 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






39. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






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






41. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






42. 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.






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






44. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






45. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






46. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






47. Used to solicit proposals from prospective sellers






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






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






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