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






2. 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.






3. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






4. Process of defining and documenting stakeholders' needs to meet the project objectives






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






6. 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






7. 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






8. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






9. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






10. Probability that a risk will occur.






11. 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






12. 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.






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






14. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






15. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






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






17. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






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






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






21. Allows for probabilistic treatment of both network logic and activity duration estimates






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






23. Features or services that characterize a product - result - or service






24. 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.






25. 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






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






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






28. 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






29. 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.






30. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






31. 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.






32. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






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






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






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






36. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






37. 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






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






39. 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.






40. Modifications to the cost estimation prepared for the project






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






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






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






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






45. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






46. 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






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






48. 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.






49. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






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