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






2. 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.






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






4. 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






5. 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






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






7. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






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






9. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






10. 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






11. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






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. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






14. 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






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






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






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






18. 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.






19. 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.






20. 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






21. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






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






23. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






24. Probability that a risk will occur.






25. Process of developing a detailed description of the project and product






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






27. 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.






28. 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






29. A formal or informal approach to obtain information from stakeholders by talking to them directly






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






31. 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.






32. 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






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






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






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






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






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






38. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






39. Documents the characteristics of the product - result - or service which the project is undertaken to create.






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






41. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






42. 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






43. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






44. Charts/ 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 -






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






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






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






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






49. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






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