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 deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






2. 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






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






4. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






5. 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.






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






7. Factors that limit a buyer's options. E.g. - funds availability






8. 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.






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






10. 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.






11. It can include correspondence - memos - meeting minutes - and documents describing the project.






12. The process in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.






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






14. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






15. 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.






16. 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.






17. Used to rate or score seller proposals






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






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






20. The document that describes the communication needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communica






21. 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.






22. 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






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






24. Determining which risks may affect the project and documenting their characteristics.






25. 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






26. 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






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






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






29. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






30. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






31. 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






32. 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.






33. 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






34. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






35. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






36. A technique for estimating that applies a weighted average of optimistic - pessimistic - and most likely estimates when there is uncertainty with the individual activity estimates.






37. 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






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






39. A method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






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






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






42. The work that must be done to deliver a product with the specified features and functions






43. 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






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






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






46. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






47. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






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






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






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