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






2. 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.






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






4. 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






5. 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.






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






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






8. 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.






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






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






11. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






12. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






13. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






14. 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






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






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






17. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define






18. 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






19. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






20. 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






21. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






22. 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.






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






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






25. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






26. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






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






28. A formal or informal approach to obtain information from stakeholders by talking to them directly






29. 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






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






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






32. Meetings held to assess project status and/or progress.






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






34. 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






35. 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






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






37. 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






38. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






39. 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.






40. 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.






41. 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






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






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






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






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






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






47. 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






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






49. 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






50. 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.