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. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






2. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






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






4. 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.






5. Used to solicit proposals from prospective sellers






6. 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






7. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






8. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






9. 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






10. 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






11. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






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






13. Outcome of activities performed to accomplish the project.






14. Factors that limit a buyer's options. E.g. - funds availability






15. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






16. 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






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






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






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






20. Factors which - for planning purposes - are considered to be true - real or certain.






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






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






23. Process of identifying the specific actions to be performed to produce the project deliverables.






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






25. 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.






26. 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






27. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






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






29. 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






30. 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






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






32. Focused sessions that bring key cross-functional stakeholders together to define product requirements






33. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






34. 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.






35. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






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






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






38. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






39. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






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






41. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






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






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






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






45. Modifications to the cost estimation prepared for the project






46. 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






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






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






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






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