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






2. Process of formalizing acceptance of the completed project deliverables






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






4. 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.






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






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






7. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






8. 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






9. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






10. 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






11. Any modification to the contents of the project plan or the supporting details.






12. 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






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






14. Used to rate or score seller proposals






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






16. Involves developing a better understanding of the product of the project






17. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






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






19. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






20. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






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






22. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






23. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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






25. Collection of generally sequential project phases.






26. Technologies or methods to transfer information among project stakeholders.






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






28. 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






29. 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.






30. 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.






31. 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.






32. 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






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






34. Used to solicit proposals from prospective sellers






35. 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






36. 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.






37. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






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






39. It compares cost performance over time - schedule activities or work packages overrunning and under running the budget - and estimated funds needed to complete work in progress.






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






41. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






42. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






43. Methods used to distribute information to team members and other stakeholders.






44. 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






45. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






46. 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






47. 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.






48. 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






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






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