Test your basic knowledge |

Subjects : certifications, capm
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 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

2. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.

3. Used to rate or score seller proposals

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

5. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.

6. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe

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

8. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.

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

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

11. 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.

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

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

14. 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.

15. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.

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

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

18. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be

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

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

21. 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

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

23. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.

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

25. 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

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

27. 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

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

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

30. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.

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

32. 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.

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

34. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.

35. 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.

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

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

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

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

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

41. 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 -

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

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

44. Special category of revised cost estimates to an approved cost baseline.

45. 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.

46. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.

47. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define

48. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.

49. 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

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