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






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






3. 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.






4. 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






5. Describes how individual requirements meet the business need for the project.






6. 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






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






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






10. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






11. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






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






13. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






14. 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.






15. 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






16. 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.






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






18. 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






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






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






21. 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.






22. Modifications to the cost estimation prepared for the project






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






24. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






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






26. Project team must measure itself periodically against the expectations of those outside the project.






27. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






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






29. Process of defining how to conduct risk management activities for a project.






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






31. 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.






32. Quantities to be performed for each specific category - and can be used to estimate activity durations






33. 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.






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






35. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






36. Technologies or methods to transfer information among project stakeholders.






37. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






38. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






39. 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






40. 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






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






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






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






44. It can include correspondence - memos - meeting minutes - and documents describing the project.






45. 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






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






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






48. Used to rate or score seller proposals






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






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