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. Allows for probabilistic treatment of both network logic and activity duration estimates






2. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






3. 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.






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






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






6. Considers the characteristics of those prospective staff who are available to join the project team.






7. 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.






8. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






9. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






10. Factors that will limit the project management team's options (e.g. - a predefined budget)






11. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






12. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result






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






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






15. 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






16. Documents the characteristics of the product - result - or service which the project is undertaken to create.






17. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






18. 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






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






20. 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.






21. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






22. Describes how risk management will be structured and performed on the project.






23. 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.






24. 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






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






26. 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.






27. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.






28. 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






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






30. 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






31. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






32. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






33. 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






34. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






35. 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






36. 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






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






38. Policies - guidelines and procedures that can help the project management team with various aspects of organizational planning.






39. 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.






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






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






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






43. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






44. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






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






46. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






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






48. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






49. 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.






50. Meetings held to assess project status and/or progress.