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. Process of identifying the specific actions to be performed to produce the project deliverables.






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






3. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






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






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






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






8. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






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






10. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






11. 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.






12. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






13. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






14. 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.






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






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






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






19. 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.






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






21. 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.






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






23. 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.






24. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






25. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






26. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






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






28. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






29. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






30. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






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






32. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






33. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






34. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






35. Describes the need - justification - requirements - and current boundaries for the project.






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






37. 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.






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






39. 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.






40. The expected cost needed to complete all the remaining work for a schedule activity - work break down structure component - or the project.






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






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






43. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






44. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






45. Methods used to distribute information to team members and other stakeholders.






46. 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






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






48. 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.






49. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






50. Structured review of the project plans and assumptions - prior project files - contracts - and other information.