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






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






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






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






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






6. 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.






7. Charts/ 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 -






8. 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






9. 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.






10. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






11. 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






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






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






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






15. 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






16. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






17. Generally used when considerations like technical approach and technical skills are paramount in source selection






18. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.






19. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






20. 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.






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






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






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






24. 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






25. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






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






27. 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.






28. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






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






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






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






32. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






33. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






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






35. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






36. 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






37. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






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






39. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






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






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






42. 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






43. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






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






45. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






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






47. 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.






48. 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






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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests