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. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






2. Collection of generally sequential project phases.






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






4. 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






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






6. Probability that a risk will occur.






7. 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.






8. 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.






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






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






11. 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






12. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






13. The process of approximating the number of work periods needed to complete individual activities with estimated resources






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






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






16. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






17. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






18. 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






19. Modifications to the cost estimation prepared for the project






20. 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.






21. 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.






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






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






24. 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






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






26. 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.






27. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






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






29. 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.






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






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






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






33. 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






34. 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






35. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






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






37. 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






38. Involves setting a fixed total price for a defined product or service to be provided.






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






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






41. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






42. 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






43. Includes the processes that organize - manage - and lead the project team.






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






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






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






47. 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






48. 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.






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






50. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This