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. 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






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






3. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






4. Modifications to the cost estimation prepared for the project






5. 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.






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






7. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






8. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






9. 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.






10. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






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






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






13. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






14. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






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






16. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






17. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






18. 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






19. 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






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






21. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






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






23. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






24. 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






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






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






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






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






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






30. 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.






31. Describes how risk management will be structured and performed on the project.






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






33. 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






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






35. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






36. 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






37. 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.






38. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






39. 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.






40. Process of developing a detailed description of the project and product






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






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






43. 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.






44. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






45. Features or services that characterize a product - result - or service






46. 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.






47. 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






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






49. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






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