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






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






3. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






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






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






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






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






8. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






9. Generally used when considerations like technical approach and technical skills are paramount in source selection






10. 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






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






12. 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.






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






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






15. 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






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






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






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






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






20. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define






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






22. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






23. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






24. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






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






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






27. 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.






28. 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






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






30. 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






31. Describes the need - justification - requirements - and current boundaries for the project.






32. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result






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






34. 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 -






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






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






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






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






39. 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.






40. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






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






42. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






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






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






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






46. Subdivision of project deliverables into smaller - more manageable components






47. 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.






48. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






49. 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.






50. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance