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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






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






3. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






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






5. 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.






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






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






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






9. 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.






10. 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.






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






12. 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.






13. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






14. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






15. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






16. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






17. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.






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






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






20. 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.






21. An accepted action performed to bring projected future project performance in line with the project plan. These actions have to be documented.






22. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






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






24. 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






25. Used to solicit proposals from prospective sellers






26. The work that must be done to deliver a product with the specified features and functions






27. 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






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






29. 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.






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






31. 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






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






33. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






34. 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






35. Used to generate - classify - and prioritize product requirements. Some methods used to reach group decisions are: unanimity - majority - plurality - and dictatorship.






36. 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






37. 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.






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






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






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






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






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






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






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






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






46. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.






47. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






48. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






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






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







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