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






2. 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






3. 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






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






5. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






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






7. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






8. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






9. Process of formalizing acceptance of the completed project deliverables






10. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






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






12. 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






13. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






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






15. 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






16. 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






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






18. Quantities to be performed for each specific category - and can be used to estimate activity durations






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






20. Outcome of activities performed to accomplish the project.






21. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






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






23. Focused sessions that bring key cross-functional stakeholders together to define product requirements






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






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






26. 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.






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






28. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






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






30. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






31. 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.






32. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






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






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






35. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






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






37. An applicable restriction that will affect the performance of the project/process.






38. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






39. 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






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






41. 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.






42. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






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






44. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






45. 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






46. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






47. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






48. 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.






49. 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






50. 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