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 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






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






3. 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






4. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






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






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






7. 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.






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






9. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






10. 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.






11. Allows for probabilistic treatment of both network logic and activity duration estimates






12. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






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






14. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.






15. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg






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






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






18. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.






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






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






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






22. 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.






23. 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.






24. 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






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






26. 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.






27. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






28. 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






29. 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






30. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






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






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






34. Approved modifications to the project schedule that are used to manage the project






35. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






36. 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






37. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






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






39. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






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






41. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






42. 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.






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






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






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






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






47. Used to solicit proposals from prospective sellers






48. 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.






49. Effect on project objectives if the risk event occurs.






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