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






2. 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






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






4. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






5. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






6. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






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






8. Probability that a risk will occur.






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






10. 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






11. 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.






12. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






13. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






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






15. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






16. 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 -






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






18. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






19. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






20. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






21. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






22. 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






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






24. 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.






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






26. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






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






28. 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






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. 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.






31. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






32. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






33. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






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






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






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






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






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






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. Involves immediate corrective or preventive action as a consequence of quality control measurements.






41. 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






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






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






44. 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.






45. 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






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






47. Approved modifications to the project schedule that are used to manage the project






48. 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






49. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






50. 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