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. 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.






2. 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






3. Process of obtaining seller responses - selecting a seller - and awarding a contract






4. 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






5. 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.






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






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






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






9. 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.






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






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






12. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






13. 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






14. 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






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






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






17. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






19. 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.






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






21. Involves developing a better understanding of the product of the project






22. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






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






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






25. 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






26. 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






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






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






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






30. 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






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






32. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.






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






34. 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






35. Project team must measure itself periodically against the expectations of those outside the project.






36. 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






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






38. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






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






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






41. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






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






43. Factors that - for planning purposes - will be considered true - real or certain.






44. 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.






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






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






47. 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






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






49. An applicable restriction that will affect the performance of the project/process.






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