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. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






2. Probability that a risk will occur.






3. 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.






4. 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






5. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






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






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






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






9. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






10. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






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






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






13. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






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






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






16. Used to solicit proposals from prospective sellers






17. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






18. 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






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






20. 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 - knowledg






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






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






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






24. 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






25. 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






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






27. Process of defining how to conduct risk management activities for a project.






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






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






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






31. 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






32. 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.






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






34. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






35. 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.






36. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






37. 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.






38. 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.






39. 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






40. 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.






41. 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.






42. 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






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






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






45. The process of determining project stakeholders' information needs and defining a communication approach.






46. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






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






48. 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.






49. 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






50. 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.