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. 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






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






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






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






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






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






7. 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.






8. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






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






10. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






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






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






13. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.






14. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






15. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






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






17. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






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






19. 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.






20. 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.






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






22. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






23. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






24. 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.






25. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






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






28. 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






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






31. 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.






32. 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






33. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






34. Any modification to the agreed upon project scope as defined by the approved WBS






35. 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.






36. Considers the characteristics of those prospective staff who are available to join the project team.






37. 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






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






39. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






40. 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






41. 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






42. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






43. 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






44. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






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






47. 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






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






49. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






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