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






3. Process of formalizing acceptance of the completed project deliverables






4. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






5. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






6. 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






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






8. 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






9. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






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






11. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.






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






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






14. 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.






15. 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.






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






17. 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






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






19. 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






20. Allows for probabilistic treatment of both network logic and activity duration estimates






21. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






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






23. 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






24. 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






25. 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.






26. 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






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






28. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






29. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






30. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.






31. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






32. 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






33. Used to solicit proposals from prospective sellers






34. Involves immediate corrective or preventive action as a consequence of quality control measurements.






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






36. Features or services that characterize a product - result - or service






37. 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.






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






39. 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.






40. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






41. Any modification to the agreed upon project scope as defined by the approved WBS






42. 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






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






44. 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.






45. 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.






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






47. 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






48. Collection of generally sequential project phases.






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






50. It can include correspondence - memos - meeting minutes - and documents describing the project.