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 schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






2. 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






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






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






5. 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.






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






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






8. 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.






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






10. Probability that a risk will occur.






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






12. 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






13. Used to solicit proposals from prospective sellers






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






15. Methods used to distribute information to team members and other stakeholders.






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






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






19. 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






20. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






21. 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






22. 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.






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






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






25. 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.






26. 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






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






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






29. Technique to evaluate the degree to which data about risks is useful for risk management.






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






31. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






32. 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.






33. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






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






35. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






36. Documents how requirements will be analyzed - documented - and managed throughout the project






37. 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






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






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






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






41. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






42. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






43. Focused sessions that bring key cross-functional stakeholders together to define product requirements






44. 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.






45. 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






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






47. 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.






48. 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.






49. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






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