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. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






2. Probability that a risk will occur.






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






4. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






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






6. 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






7. 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






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






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






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






11. 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.






12. Process of defining and documenting stakeholders' needs to meet the project objectives






13. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






14. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






15. Any modification to the contents of the project plan or the supporting details.






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






17. 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.






18. 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 -






19. 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.






20. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






21. 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






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






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






24. 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.






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






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






27. Used to solicit proposals from prospective sellers






28. 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.






29. 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.






30. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






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






32. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






33. A documented list of project team members - their project roles - and communication information.






34. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






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






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






37. Describes how risk management will be structured and performed on the project.






38. Documents the characteristics of the product - result - or service which the project is undertaken to create.






39. 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.






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






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






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






43. 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.






44. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






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






46. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






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






48. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






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






50. 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