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. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






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






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






4. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






5. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.






6. 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.






7. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






8. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






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






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






11. 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.






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






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






14. 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.






15. 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.






16. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






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






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






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






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






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






22. 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






23. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






24. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






25. 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






26. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






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






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






29. 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






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. 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






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






33. 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






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






35. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






36. 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.






37. Charts that are used to show positions and relationships in a graphical format.






38. 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.






39. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






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






41. 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






42. 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.






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






44. Subdivision of project deliverables into smaller - more manageable components






45. 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.






46. 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






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






48. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






49. 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.






50. A table that links requirements to their origin and traces them throughout the project life cycle