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. Involves immediate corrective or preventive action as a consequence of quality control measurements.






2. 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






3. 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.






4. 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.






5. Probability that a risk will occur.






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






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






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






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. 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.






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






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






13. 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.






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






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






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






17. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






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






19. Any modification to the contents of the project plan or the supporting details.






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






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






22. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






23. 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






24. 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






25. 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






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






27. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






29. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






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






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






32. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






33. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






34. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






36. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






37. A formal or informal approach to obtain information from stakeholders by talking to them directly






38. 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






39. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






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. 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.






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






43. 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






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






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






46. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






47. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.






48. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe






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






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