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. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






2. Modifications to the cost estimation prepared for the project






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






4. 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






5. 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






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






7. 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.






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






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






10. 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






11. 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






12. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






13. The policies - guidelines - or procedures that govern the recruitment of staff.






14. 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






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






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






17. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






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






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






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






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






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






23. 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.






24. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






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






26. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






27. 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






28. 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.






29. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






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






31. 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






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. Describes the need - justification - requirements - and current boundaries for the project.






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






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






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






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






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






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






40. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






41. 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






42. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






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






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






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






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






47. 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.






48. 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.






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. Subdivision of project deliverables into smaller - more manageable components