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






2. 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






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






4. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






5. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






6. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






7. 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.






8. Outcome of activities performed to accomplish the project.






9. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






10. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






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






12. 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






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






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






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






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






17. A table that links requirements to their origin and traces them throughout the project life cycle






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. 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






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






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






22. 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






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






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






25. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.






26. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






27. Modifications to the cost estimation prepared for the project






28. Any numbering system used to uniquely identify each component of the work breakdown structure.






29. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






30. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






31. 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






32. 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.






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. Process of identifying the specific actions to be performed to produce the project deliverables.






35. 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.






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






37. Any modification to the agreed upon project scope as defined by the approved WBS






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






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






40. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






41. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






42. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






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






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






45. 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






46. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






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






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






49. 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.






50. 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