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 formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






2. Process of developing a detailed description of the project and product






3. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.






4. 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.






5. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






6. Records of previous project results that can be used to identify risks.






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






8. Methods used to distribute information to team members and other stakeholders.






9. Probability that a risk will occur.






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






11. 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






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






13. 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






14. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






15. A project is a temporary endeavor undertaken to create a unique product - service - or result






16. 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






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






18. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






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






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






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






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






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






24. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






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






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






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






28. 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






29. Any numbering system used to uniquely identify each component of the work breakdown structure.






30. Process of numerically analyzing the effect of identified risks on overall project objectives.






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






32. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






33. Risks that arise as a direct result of implementing a risk response.






34. 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






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






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






37. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






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






39. The process of approximating the number of work periods needed to complete individual activities with estimated resources






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






41. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






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






43. The process of determining project stakeholders' information needs and defining a communication approach.






44. 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






45. 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






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






47. Modifications to the cost estimation prepared for the project






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






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






50. 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.