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






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






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






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






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






6. 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






7. 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






8. Probability that a risk will occur.






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






10. 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.






11. 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.






12. 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






13. 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






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






15. 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






16. 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






17. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






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






19. Process of identifying the specific actions to be performed to produce the project deliverables.






20. 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






21. 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.






22. 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.






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






24. 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






25. 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






26. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






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






28. 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.






29. Collection of generally sequential project phases.






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






31. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






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






33. 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






34. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






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






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






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






38. 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






39. Records of previous project results that can be used to identify risks.






40. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






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






42. 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.






43. 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






44. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






45. Generally used when considerations like technical approach and technical skills are paramount in source selection






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






47. 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.






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






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






50. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.