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. 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






2. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






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






4. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






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






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






7. 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.






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






9. 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






10. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






11. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






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






13. Process of formalizing acceptance of the completed project deliverables






14. 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






15. 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.






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






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






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






19. 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.






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






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






22. 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.






23. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






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






25. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






26. Allows for probabilistic treatment of both network logic and activity duration estimates






27. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






28. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






29. 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






30. 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.






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






32. 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






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






34. 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






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






36. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.






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






38. 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.






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






40. 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.






41. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






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






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






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 total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.






46. 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






47. 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






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






49. Collection of generally sequential project phases.






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