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






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






3. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






4. The work that must be done to deliver a product with the specified features and functions






5. 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






6. 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.






7. 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.






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






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






10. Factors that will limit the project management team's options (e.g. - a predefined budget)






11. 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






12. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu






13. 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.






14. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






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






16. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






17. 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.






18. 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.






19. 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.






20. 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.






21. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






22. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






23. It can include correspondence - memos - meeting minutes - and documents describing the project.






24. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






25. Describes how individual requirements meet the business need for the project.






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






27. Effect on project objectives if the risk event occurs.






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






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






30. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






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






32. 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






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






34. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






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






36. 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.






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






38. Considers the characteristics of those prospective staff who are available to join the project team.






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






40. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






41. 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






42. Charts that are used to show positions and relationships in a graphical format.






43. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






44. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






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






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






47. 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.






48. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






49. 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






50. 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.