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






2. 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.






3. Used to solicit proposals from prospective sellers






4. 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






5. 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.






6. 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






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






8. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






9. 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.






10. 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.






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






12. 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






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. 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.






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






16. 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






17. Factors that - for planning purposes - will be considered true - real or certain.






18. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.






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






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






21. A project is a temporary endeavor undertaken to create a unique product - service - or result






22. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






23. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






24. 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.






25. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






26. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






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






28. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






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






31. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






32. 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






33. The policies - guidelines - or procedures that govern the recruitment of staff.






34. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






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






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






37. A table that links requirements to their origin and traces them throughout the project life cycle






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






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






40. Modifications to the cost estimation prepared for the project






41. 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






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






43. 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.






44. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






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






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






47. 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.






48. Process of formalizing acceptance of the completed project deliverables






49. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






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