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. Describes the need - justification - requirements - and current boundaries for the project.






2. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






3. A project is a temporary endeavor undertaken to create a unique product - service - or result






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






5. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






6. 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.






7. 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






8. 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






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






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






11. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






12. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






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






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






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






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






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






19. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






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






21. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






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






23. 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.






24. 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






25. 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.






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






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






28. Process of defining and documenting stakeholders' needs to meet the project objectives






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






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






31. 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.






32. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






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






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






35. Outcome of activities performed to accomplish the project.






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






37. 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






38. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






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






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






41. 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.






42. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






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






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






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






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






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






48. 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






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






50. Process of defining how to conduct risk management activities for a project.