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. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






2. 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






3. Process of identifying the specific actions to be performed to produce the project deliverables.






4. 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






5. Determining which risks may affect the project and documenting their characteristics.






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






7. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






8. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






9. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






10. 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.






11. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






12. 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






13. Process of defining and documenting stakeholders' needs to meet the project objectives






14. Charts that are used to show positions and relationships in a graphical format.






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






16. 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






17. 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






18. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






19. 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.






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






21. 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






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






23. 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






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






25. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






26. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.






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






28. 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






29. 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






30. 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






31. 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






32. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






33. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






34. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






35. The work that must be done to deliver a product with the specified features and functions






36. 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.






37. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






38. 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.






39. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






40. A formal or informal approach to obtain information from stakeholders by talking to them directly






41. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






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






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






44. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






45. Modifications to the cost estimation prepared for the project






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






47. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






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






49. 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






50. Documents the characteristics of the product - result - or service which the project is undertaken to create.