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. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






2. 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.






3. Factors that will limit the project management team's options (e.g. - a predefined budget)






4. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v






5. 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






6. Records of previous project results that can be used to identify risks.






7. 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






8. 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.






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






10. 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.






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






12. Outcome of activities performed to accomplish the project.






13. 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






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






15. 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.






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






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






18. 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.






19. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






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






21. A table that links requirements to their origin and traces them throughout the project life cycle






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. 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 -






24. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






25. 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






26. 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






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






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






29. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






30. 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






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






32. 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.






33. 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






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






35. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






36. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






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






38. Project team must measure itself periodically against the expectations of those outside the project.






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. 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






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






42. Process of identifying the specific actions to be performed to produce the project deliverables.






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






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






45. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






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






47. 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






48. Changing the project management plan to eliminate the threat entirely.






49. Involves setting a fixed total price for a defined product or service to be provided.






50. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.