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






2. 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






3. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






4. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






5. Probability that a risk will occur.






6. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






7. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






8. 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.






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






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






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






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






13. 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






14. Allows for probabilistic treatment of both network logic and activity duration estimates






15. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






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






17. Outcome of activities performed to accomplish the project.






18. 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






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






20. 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






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. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






23. 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






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






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






26. Features or services that characterize a product - result - or service






27. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






28. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






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






30. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






31. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






32. 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






33. Meetings held to assess project status and/or progress.






34. 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.






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






36. 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.






37. 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






38. 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.






39. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.






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






41. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






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






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






44. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






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






46. 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.






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






48. Modifications to the cost estimation prepared for the project






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






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