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






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






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






4. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






5. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






6. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






7. 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






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






9. 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






10. 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






11. 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.






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






13. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






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






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






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






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






18. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






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






20. 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.






21. 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






22. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






23. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






24. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






25. Documents the characteristics of the product - result - or service which the project is undertaken to create.






26. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






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






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






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






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






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






32. 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.






33. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






34. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






35. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






36. Charts/ 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 -






37. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






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






39. 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






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






41. Process of formalizing acceptance of the completed project deliverables






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






43. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






44. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






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






46. 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






47. 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






48. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






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






50. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.