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. 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.






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






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






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






5. Probability that a risk will occur.






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






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






8. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






9. 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






10. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






11. 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.






12. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






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






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






15. 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.






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






17. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






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. 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






20. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






22. 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.






23. 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






24. 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






25. Factors that will limit the project management team's options (e.g. - a predefined budget)






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






27. 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.






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






29. 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.






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






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






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






33. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






34. 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






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






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






37. 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






38. 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.






39. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






40. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






41. 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






42. 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.






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






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






45. 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






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






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






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






49. The process of determining project stakeholders' information needs and defining a communication approach.






50. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o