Test your basic knowledge |

Subjects : certifications, capm
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.

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

3. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.

4. A requirement imposed by a governmental body and its compliance is mandatory.

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

6. 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.

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

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

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

10. 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

11. 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

12. 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

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

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

15. 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

16. 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.

17. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.

18. 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.

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

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

21. 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

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

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

24. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.

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

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

27. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project

28. 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.

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

30. 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

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

32. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu

33. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.

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

35. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.

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

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

38. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.

39. 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.

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

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

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

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

44. 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

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

46. 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

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

48. 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.

49. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.

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