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. 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






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






3. Technologies or methods to transfer information among project stakeholders.






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






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






6. Used to solicit proposals from prospective sellers






7. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






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






9. Quantities to be performed for each specific category - and can be used to estimate activity durations






10. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






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






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






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






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






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. 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






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






18. 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






19. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






20. 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.






21. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






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






23. 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






24. 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






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






26. 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.






27. 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.






28. 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.






29. 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.






30. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






31. 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.






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






33. 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






34. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






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






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






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






38. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






39. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






40. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






41. The policies - guidelines - or procedures that govern the recruitment of staff.






42. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






43. Modifications to the cost estimation prepared for the project






44. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






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






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






48. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






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






50. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.