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. Factors that limit a buyer's options. E.g. - funds availability






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






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






4. Terms used when the source selection decision will be based on price






5. 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 - knowledg






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






7. 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.






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






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






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






11. Project team must measure itself periodically against the expectations of those outside the project.






12. Collection of generally sequential project phases.






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






14. 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






15. 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.






16. 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






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






18. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






19. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






20. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






21. Involves immediate corrective or preventive action as a consequence of quality control measurements.






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






23. 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.






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






25. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






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






27. Meetings held to assess project status and/or progress.






28. Involves developing a better understanding of the product of the project






29. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






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






31. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






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






33. 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






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






35. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






36. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






37. Used to rate or score seller proposals






38. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






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






40. 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.






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






42. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






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






44. 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






45. 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






46. 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.






47. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






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






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






50. Allows for probabilistic treatment of both network logic and activity duration estimates