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. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






2. 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






3. 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






4. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






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. Outcome of activities performed to accomplish the project.






7. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






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






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






10. Used to rate or score seller proposals






11. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






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






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






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






15. 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.






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






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






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






19. 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.






20. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






21. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






22. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






24. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






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






26. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






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






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






30. 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.






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






32. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






33. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






34. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






35. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






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






37. 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.






38. Factors that limit a buyer's options. E.g. - funds availability






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






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






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






42. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






43. 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.






44. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






45. 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.






46. 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.






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






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






49. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






50. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.