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. 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






2. 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.






3. 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.






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






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






6. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






7. 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






8. 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






9. 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






10. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






11. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






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






13. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






14. 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.






15. 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.






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






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






18. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






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






20. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v






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






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






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






24. 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






25. 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.






26. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






27. 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






28. 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






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






30. 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






31. 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






32. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.






33. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






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






36. 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.






37. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






38. Probability that a risk will occur.






39. 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.






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






41. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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 of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






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






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






46. 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.






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






48. The work that must be done to deliver a product with the specified features and functions






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






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