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 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






2. 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






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






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






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






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






7. Collection of generally sequential project phases.






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






9. 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






10. 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






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






12. 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.






13. 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






14. Used to rate or score seller proposals






15. 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






16. 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.






17. Used to solicit proposals from prospective sellers






18. 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.






19. Includes the processes that organize - manage - and lead the project team.






20. 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






21. Process of defining how to conduct risk management activities for a project.






22. Modifications to the cost estimation prepared for the project






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






24. 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.






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






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






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






28. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






29. 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






30. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






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






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






33. 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






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






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






36. Charts that are used to show positions and relationships in a graphical format.






37. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






38. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






39. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






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






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






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






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






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






45. 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






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






47. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






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






49. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






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