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. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






2. 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






3. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






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






5. 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






6. 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.






7. 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.






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






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






10. 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.






11. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






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






13. A requirement imposed by a governmental body and its compliance is mandatory.






14. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






15. 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






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






17. Collection of generally sequential project phases.






18. Documents how requirements will be analyzed - documented - and managed throughout the project






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






20. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






21. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






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






23. 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.






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






25. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






26. 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






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






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






29. Quantities to be performed for each specific category - and can be used to estimate activity durations






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






31. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






32. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






33. 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






34. 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.






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






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






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






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






39. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






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






41. 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






42. 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






43. 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






44. 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.






45. 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.






46. Describes how risk management will be structured and performed on the project.






47. 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






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






49. 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






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