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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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 numerically analyzing the effect of identified risks on overall project objectives.






2. 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.






3. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






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






5. Technologies or methods to transfer information among project stakeholders.






6. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






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






8. 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.






9. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






10. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






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






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






13. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






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






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






16. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






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






18. 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






19. 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.






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






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






22. A table that links requirements to their origin and traces them throughout the project life cycle






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






24. Modifications to the cost estimation prepared for the project






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






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






27. 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






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






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






30. 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.






31. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






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






33. Any modification to the agreed upon project scope as defined by the approved WBS






34. 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.






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






36. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






37. 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.






38. 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.






39. Features or services that characterize a product - result - or service






40. 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.






41. 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.






42. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






43. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






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






45. Process of formalizing acceptance of the completed project deliverables






46. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






47. Outcome of activities performed to accomplish the project.






48. 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.






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






50. 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






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