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






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






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






4. 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






5. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






6. Documents how requirements will be analyzed - documented - and managed throughout the project






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






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






10. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






11. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






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






13. 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.






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






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






16. 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






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






18. 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.






19. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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






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






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






23. 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.






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. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






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






27. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






28. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






29. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






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






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






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






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






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






35. 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.






36. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






37. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






38. 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.






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






40. A formal or informal approach to obtain information from stakeholders by talking to them directly






41. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result






42. 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.






43. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






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






45. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






46. 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






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






48. Process of defining and documenting stakeholders' needs to meet the project objectives






49. 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.






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