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






2. 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.






3. 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






4. Modifications to the cost estimation prepared for the project






5. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






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






7. Quantities to be performed for each specific category - and can be used to estimate activity durations






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






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






10. 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






11. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






12. 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.






13. 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






14. Used to rate or score seller proposals






15. 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






16. 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.






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






18. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






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






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






21. Effect on project objectives if the risk event occurs.






22. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






23. 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.






24. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






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






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






27. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






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






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






30. Risks that arise as a direct result of implementing a risk response.






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






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






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






34. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






35. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






36. 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.






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






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






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






40. 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






41. 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.






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






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






45. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






46. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






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






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






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






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