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






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






3. 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






4. 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.






5. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






6. 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.






7. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






8. Involves setting a fixed total price for a defined product or service to be provided.






9. 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






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






11. 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.






12. 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.






13. 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






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






15. 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.






16. Effect on project objectives if the risk event occurs.






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






18. 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.






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






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






21. 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.






22. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






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






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






25. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe






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






27. 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.






28. 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.






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






30. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






31. Involves immediate corrective or preventive action as a consequence of quality control measurements.






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






33. 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






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






35. Any numbering system used to uniquely identify each component of the work breakdown structure.






36. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






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






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






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






40. Used to rate or score seller proposals






41. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






43. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






44. 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.






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






46. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






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






48. Factors that - for planning purposes - will be considered true - real or certain.






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






50. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders