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. Modifications to the cost estimation prepared for the project






2. 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






3. 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






4. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






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 of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






7. 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






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






9. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






10. 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






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






12. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






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






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






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






16. 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






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






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






19. Determining which risks may affect the project and documenting their characteristics.






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






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






22. 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.






23. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






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






25. 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.






26. Includes the processes that organize - manage - and lead the project team.






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






28. 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.






29. 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.






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






31. 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






32. 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






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. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






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






36. 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






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






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






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






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






41. 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.






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






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






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






45. 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 -






46. 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.






47. Quantities to be performed for each specific category - and can be used to estimate activity durations






48. Approved modifications to the project schedule that are used to manage the project






49. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






50. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson