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 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.






2. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






3. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






4. 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






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






6. 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.






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






8. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






9. 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.






10. 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.






11. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg






12. 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.






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






14. 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






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






16. 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.






17. An applicable restriction that will affect the performance of the project/process.






18. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






19. 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






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






21. Used to solicit proposals from prospective sellers






22. 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






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






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






25. 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.






26. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






27. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






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






29. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






30. 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.






31. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






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






33. Terms used when the source selection decision will be based on price






34. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






35. 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






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






37. Factors that will limit the project management team's options (e.g. - a predefined budget)






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






39. Collection of generally sequential project phases.






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






41. Outcome of activities performed to accomplish the project.






42. Determining which risks may affect the project and documenting their characteristics.






43. Any modification to the agreed upon project scope as defined by the approved WBS






44. 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.






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






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






47. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






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






49. The policies - guidelines - or procedures that govern the recruitment of staff.






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