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. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






2. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






3. The policies - guidelines - or procedures that govern the recruitment of staff.






4. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






5. 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.






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






7. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






8. 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.






9. 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.






10. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






11. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






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






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






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






15. 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.






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






17. 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






18. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






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






20. 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.






21. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






22. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






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






24. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






25. 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.






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






27. 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






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






29. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






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






31. 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.






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






33. Factors that - for planning purposes - will be considered true - real or certain.






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






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






36. 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.






37. An applicable restriction that will affect the performance of the project/process.






38. Used to solicit proposals from prospective sellers






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






40. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






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






42. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






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






44. Involves setting a fixed total price for a defined product or service to be provided.






45. 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.






46. Processes and procedures developed for the closing or canceling of projects.






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






48. 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.






49. 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.






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