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






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






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






4. 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.






5. 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.






6. 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






7. 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.






8. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






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






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






11. 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






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






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






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






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






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






18. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






20. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






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






22. 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.






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






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






25. A project is a temporary endeavor undertaken to create a unique product - service - or result






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






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






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






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






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






31. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






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






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






34. 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.






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






36. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






37. 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.






38. 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






39. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






40. Collection of generally sequential project phases.






41. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






42. 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






43. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






44. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






45. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






46. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






47. 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






48. Used to rate or score seller proposals






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






50. Process of formalizing acceptance of the completed project deliverables