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. 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.






2. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






3. 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.






4. 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.






5. 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.






6. 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.






7. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






8. 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.






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






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






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






12. 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






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






14. 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.






15. 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.






16. 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.






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






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






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






20. Involves developing a better understanding of the product of the project






21. Modifications to the cost estimation prepared for the project






22. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






23. Structured review of the procurement process originating from the Plan Procurements process through Administer Procurements process. Objective is to identify successes and failures that warrant recognition in the preparation or administration of othe






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






25. Changing the project management plan to eliminate the threat entirely.






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






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






28. Technologies or methods to transfer information among project stakeholders.






29. 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.






30. 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.






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






32. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






33. Collection of generally sequential project phases.






34. 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






35. Features or services that characterize a product - result - or service






36. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result






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






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






39. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






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






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






42. 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






43. 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.






44. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.






45. 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.






46. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






47. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






48. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.






49. 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.






50. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.