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






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






3. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






4. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






5. 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






6. 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






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






8. 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






9. Outcome of activities performed to accomplish the project.






10. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






11. Modifications to the cost estimation prepared for the project






12. 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






13. Describes how individual requirements meet the business need for the project.






14. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






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






16. 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.






17. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






18. 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






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






20. 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






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






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






23. The planned dates to perform schedule activities and the planned dates for meeting schedule milestones. Includes planned start and finish dates for the project's activities - milestones - work packages - planning packages - and control accounts. This






24. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






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






26. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






27. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






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






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






31. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






32. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.






33. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.






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






35. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






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






37. 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.






38. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






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






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






41. 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.






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






43. Technique to evaluate the degree to which data about risks is useful for risk management.






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






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






46. 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






47. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






49. 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.






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