Test your basic knowledge |

Subjects : certifications, capm
  • 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. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.

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

3. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.

4. 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

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

6. 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

7. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.

8. 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.

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

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

11. 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

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

13. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.

14. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.

15. Changing the project management plan to eliminate the threat entirely.

16. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.

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

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

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

20. 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.

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

22. 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

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

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

25. A requirement imposed by a governmental body and its compliance is mandatory.

26. 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

27. 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

28. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline

29. 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

30. 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.

31. 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.

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

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

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

35. 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

36. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.

37. 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.

38. Used to solicit proposals from prospective sellers

39. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.

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

41. 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

42. 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.

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

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

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

46. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.

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

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

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

50. 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