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






2. 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.






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






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






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






6. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






7. Meetings held to assess project status and/or progress.






8. 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.






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






10. 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.






11. Used to solicit proposals from prospective sellers






12. 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.






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






14. 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.






15. Includes the processes that organize - manage - and lead the project team.






16. 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.






17. 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.






18. The policies - guidelines - or procedures that govern the recruitment of staff.






19. 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.






20. 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.






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






22. 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.






23. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






24. 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.






25. 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.






26. A documented list of project team members - their project roles - and communication information.






27. 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






28. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






29. 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






30. Probability that a risk will occur.






31. 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






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






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






34. Terms used when the source selection decision will be based on price






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






36. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






37. 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






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






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






40. 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.






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






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






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






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






45. 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.






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






47. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






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






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






50. 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







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