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. Probability that a risk will occur.






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






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






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






5. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






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






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






8. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






9. 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.






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






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






12. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






13. 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






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






15. 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






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






17. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






18. 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.






19. 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.






20. Process of defining how to conduct risk management activities for a project.






21. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






22. 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.






23. 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






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






25. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






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






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






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






29. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






30. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






31. 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.






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






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






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






35. 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






36. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






37. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






38. 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.






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






40. 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






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






42. 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.






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






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






45. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






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






47. 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






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






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






50. 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.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests