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






2. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






3. 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






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






5. Involves setting a fixed total price for a defined product or service to be provided.






6. 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






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






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






9. A project is a temporary endeavor undertaken to create a unique product - service - or result






10. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






11. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






12. 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






13. Factors which - for planning purposes - are considered to be true - real or certain.






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






15. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






16. Modifications to the cost estimation prepared for the project






17. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






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






19. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






20. Modifications to the cost estimation prepared for the project






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






22. Focused sessions that bring key cross-functional stakeholders together to define product requirements






23. Process of formalizing acceptance of the completed project deliverables






24. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






25. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






26. 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






27. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






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






29. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






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






31. 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.






32. 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.






33. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






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






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






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






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. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






39. Used to rate or score seller proposals






40. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






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






42. 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






43. 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






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






45. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






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






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






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






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






50. 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.