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






2. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






3. 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.






4. A table that links requirements to their origin and traces them throughout the project life cycle






5. 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.






6. Outcome of activities performed to accomplish the project.






7. 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






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






9. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






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






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






12. 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






13. 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






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






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






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






17. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






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






19. 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






20. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






21. 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






22. 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






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






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






25. Involves immediate corrective or preventive action as a consequence of quality control measurements.






26. 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






27. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






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






29. 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






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






31. 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






32. 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






33. 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.






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






35. Used to rate or score seller proposals






36. 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.






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






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






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






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






41. Process of formalizing acceptance of the completed project deliverables






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






43. Modifications to the cost estimation prepared for the project






44. 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






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






46. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






47. 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.






48. 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






49. 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






50. Probability that a risk will occur.