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






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






3. 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






4. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






5. Modifications to the cost estimation prepared for the project






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






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






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






9. 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.






10. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






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






12. 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






13. 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.






14. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






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






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






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






18. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






19. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






20. 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






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






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






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






24. 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.






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






26. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






27. 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






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






29. 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.






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






31. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






32. 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






33. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






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






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






36. 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






37. A table that links requirements to their origin and traces them throughout the project life cycle






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






39. 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






40. 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






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






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






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






44. 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.






45. 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.






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






47. 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.






48. 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






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






50. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.