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. 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.






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. 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.






4. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






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






6. 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






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






8. Features or services that characterize a product - result - or service






9. 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






10. 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.






11. 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.






12. 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.






13. 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






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






15. 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






16. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






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






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






19. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.






20. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






21. 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






22. 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






23. 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.






24. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






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






26. 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






27. Describes the need - justification - requirements - and current boundaries for the project.






28. 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.






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






30. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






31. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






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






33. 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






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






35. 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






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






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






38. Subdivision of project deliverables into smaller - more manageable components






39. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






40. 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.






41. Charts that are used to show positions and relationships in a graphical format.






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






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






44. A project is a temporary endeavor undertaken to create a unique product - service - or result






45. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






46. 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.






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






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






49. A modification of a logical relationship that directs a delay in the successor activity.






50. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.