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






2. 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






3. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






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






5. Involves developing a better understanding of the product of the project






6. The work that must be done to deliver a product with the specified features and functions






7. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






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






9. 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.






10. 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






11. 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






12. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






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






14. 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.






15. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






16. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






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






18. A requirement imposed by a governmental body and its compliance is mandatory.






19. 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.






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






21. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






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






23. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






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






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






26. 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






27. Terms used when the source selection decision will be based on price






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






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






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






31. 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.






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






33. 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.






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






35. Used to rate or score seller proposals






36. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






38. Used to solicit proposals from prospective sellers






39. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






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






41. Risks that arise as a direct result of implementing a risk response.






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






43. 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






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






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






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






47. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






48. 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.






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






50. 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.