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. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






2. Features or services that characterize a product - result - or service






3. 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






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






5. 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






6. 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.






7. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






8. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






9. Involves developing a better understanding of the product of the project






10. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






11. Used to solicit proposals from prospective sellers






12. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






13. 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






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






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






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






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






18. 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.






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






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






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






22. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






23. Process of identifying the specific actions to be performed to produce the project deliverables.






24. 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.






25. Collection of generally sequential project phases.






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






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






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






29. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






30. 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






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






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






33. 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






34. Modifications to the cost estimation prepared for the project






35. 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






36. 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






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






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






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






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






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






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






43. Approved modifications to the project schedule that are used to manage the project






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






45. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






46. Process of formalizing acceptance of the completed project deliverables






47. 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






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






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






50. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r