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






2. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






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






4. 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.






5. 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






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






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






8. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






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






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






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






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






13. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






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






15. 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.






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






17. 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.






18. Technologies or methods to transfer information among project stakeholders.






19. 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






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






21. 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.






22. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






24. 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.






25. 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.






26. 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






27. 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






28. 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.






29. 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






30. 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






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






32. 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.






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






34. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






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






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






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






38. 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.






39. Modifications to the cost estimation prepared for the project






40. 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






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






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






43. 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






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






45. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.






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






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






48. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






49. Describes how individual requirements meet the business need for the project.






50. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.