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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. 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






2. 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






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






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






5. Outcome of activities performed to accomplish the project.






6. Probability that a risk will occur.






7. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






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






9. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






10. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






11. 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.






12. Collection of generally sequential project phases.






13. 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.






14. 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






15. 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.






16. 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.






17. 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.






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 schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






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






21. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






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






23. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






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






25. 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.






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






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






28. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






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






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






31. 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.






32. 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.






33. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






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






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






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






37. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






38. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






39. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






40. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






41. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






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






43. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






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






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






46. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






47. 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






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






49. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






50. 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







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