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. 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.






2. 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.






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






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






5. 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






6. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






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






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






9. 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






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






11. 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






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






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






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






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






16. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






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






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






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






20. Factors which - for planning purposes - are considered to be true - real or certain.






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






22. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






23. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






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






25. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






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






27. 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






28. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






29. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe






30. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






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






32. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






33. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






34. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






35. 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.






36. Used to rate or score seller proposals






37. 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






38. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






39. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






40. 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






41. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






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






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






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






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






46. 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






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






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






49. Risks that arise as a direct result of implementing a risk response.






50. 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