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






2. Modifications to the cost estimation prepared for the project






3. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






4. 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






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






6. 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






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






8. 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.






9. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






10. 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






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






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






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






14. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






15. 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






16. 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.






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






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






19. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






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






21. 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.






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






23. 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.






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. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






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






27. 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.






28. 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






29. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






30. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






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






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






33. 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






34. A project is a temporary endeavor undertaken to create a unique product - service - or result






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






36. 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.






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






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






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






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






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






42. 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






43. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






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






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






46. 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.






47. The policies - guidelines - or procedures that govern the recruitment of staff.






48. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






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






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