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. 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.






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






3. 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






4. 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.






5. 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.






6. Modifications to the cost estimation prepared for the project






7. It can include correspondence - memos - meeting minutes - and documents describing the project.






8. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






9. Charts that are used to show positions and relationships in a graphical format.






10. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






11. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






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






13. 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






14. 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






15. 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






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






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






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






19. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






20. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






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






22. 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






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






24. 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.






25. 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






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






27. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






28. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






29. Process of formalizing acceptance of the completed project deliverables






30. 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






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. 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






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






34. Project team must measure itself periodically against the expectations of those outside the project.






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






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






37. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






38. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






39. 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.






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






41. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






42. 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.






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






44. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






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






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






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






48. 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






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






50. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.