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. Effect on project objectives if the risk event occurs.






2. 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






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






4. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






5. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






6. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






7. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.






8. Approved modifications to the project schedule that are used to manage the project






9. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






10. 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






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






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






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






14. An applicable restriction that will affect the performance of the project/process.






15. Considers the characteristics of those prospective staff who are available to join the project team.






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






17. 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






18. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






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






20. Process of developing a detailed description of the project and product






21. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






22. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






23. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






24. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






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






26. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






27. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






28. 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.






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






30. Process of defining and documenting stakeholders' needs to meet the project objectives






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






32. 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.






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






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






35. Documents how requirements will be analyzed - documented - and managed throughout the project






36. 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.






37. Collection of generally sequential project phases.






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






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






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






41. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






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






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






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






45. Factors that - for planning purposes - will be considered true - real or certain.






46. 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.






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






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






49. 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






50. Subdivision of project deliverables into smaller - more manageable components