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. Describes how risk management will be structured and performed on the project.






2. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






3. 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






4. 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.






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






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






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






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






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






10. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






11. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






12. 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.






13. 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






14. 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






15. Any modification to the contents of the project plan or the supporting details.






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






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






18. 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.






19. 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






20. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






21. 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.






22. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






23. 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






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






25. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






26. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






27. 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






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






29. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






30. 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.






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






32. 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.






33. 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 -






34. 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.






35. 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






36. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






37. 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.






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






39. 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






40. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






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






42. 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






43. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






44. 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.






45. Process of defining and documenting stakeholders' needs to meet the project objectives






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






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






48. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






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






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