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. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






2. Probability that a risk will occur.






3. 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.






4. 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.






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






6. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






7. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






8. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






10. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






11. 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






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






13. 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






14. It can include correspondence - memos - meeting minutes - and documents describing the project.






15. The process of determining project stakeholders' information needs and defining a communication approach.






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






17. 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.






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






19. The process of approximating the number of work periods needed to complete individual activities with estimated resources






20. 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






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






22. Used to rate or score seller proposals






23. 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






24. 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.






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






26. A formal or informal approach to obtain information from stakeholders by talking to them directly






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






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






29. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






30. 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.






31. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






32. Considers the characteristics of those prospective staff who are available to join the project team.






33. Includes the processes that organize - manage - and lead the project team.






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






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






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






37. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






39. 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.






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






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






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






43. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






44. Factors that limit a buyer's options. E.g. - funds availability






45. 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.






46. 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.






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






48. 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






49. 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






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