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. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






2. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






3. Process of identifying the specific actions to be performed to produce the project deliverables.






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






5. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






6. Used to solicit proposals from prospective sellers






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






8. Process of numerically analyzing the effect of identified risks on overall project objectives.






9. 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






10. 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.






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






12. 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






13. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.






14. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






15. 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






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






17. Process of obtaining seller responses - selecting a seller - and awarding a contract






18. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






19. 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






20. 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.






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






22. Used to rate or score seller proposals






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






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






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






26. 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.






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






28. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






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






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






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






32. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






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






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






35. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






36. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






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. Generally used when considerations like technical approach and technical skills are paramount in source selection






39. 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






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






41. Records of previous project results that can be used to identify risks.






42. 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






43. 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






44. 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.






45. 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






46. 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






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






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






49. 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.






50. Effect on project objectives if the risk event occurs.