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. 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






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






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






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






5. 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






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






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






8. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






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






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






11. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






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






14. 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






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






16. 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






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






18. Special category of revised cost estimates to an approved cost baseline.






19. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg






20. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






21. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu






22. 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.






23. 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






24. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.






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






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






27. 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






28. Documents how requirements will be analyzed - documented - and managed throughout the project






29. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






30. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






31. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






32. 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.






33. 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.






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






35. 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.






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






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






38. 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






39. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






40. Collection of generally sequential project phases.






41. 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






42. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






43. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu






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






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






46. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






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






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






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






50. 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.