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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 table that links requirements to their origin and traces them throughout the project life cycle






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






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






4. 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.






5. 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.






6. 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






7. Collection of generally sequential project phases.






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






9. 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






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






11. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






12. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






13. 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






14. 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






15. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






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






17. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






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






19. Process of numerically analyzing the effect of identified risks on overall project objectives.






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






21. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






22. 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






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






24. Records of previous project results that can be used to identify risks.






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






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. It can include correspondence - memos - meeting minutes - and documents describing the project.






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






29. 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






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






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






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






33. 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






34. Involves developing a better understanding of the product of the project






35. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






36. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






37. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






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






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






40. 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






41. 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.






42. The policies - guidelines - or procedures that govern the recruitment of staff.






43. 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






44. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






45. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






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






47. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






48. 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






49. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






50. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






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