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






2. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






3. Processes and procedures developed for the closing or canceling of projects.






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






5. Factors that limit a buyer's options. E.g. - funds availability






6. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






8. 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.






9. 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.






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






11. 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.






12. Meetings held to assess project status and/or progress.






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






14. 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






15. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






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






17. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






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






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






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






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






22. A modification of a logical relationship that directs a delay in the successor activity.






23. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






24. 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.






25. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






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






27. 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






28. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






29. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






30. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






31. 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






32. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






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






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






35. The process of determining project stakeholders' information needs and defining a communication approach.






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






37. 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






38. 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.






39. Process of developing a detailed description of the project and product






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






41. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






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






43. 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






44. 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






45. 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






46. Any modification to the contents of the project plan or the supporting details.






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






48. 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.






49. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






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