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. 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.






2. 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.






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






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






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






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






7. 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.






8. Involves developing a better understanding of the product of the project






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






10. 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.






11. 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.






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






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






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






15. 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.






16. Terms used when the source selection decision will be based on price






17. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






18. 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.






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






20. 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






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






22. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






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






24. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






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






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






27. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






28. 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






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






30. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






31. 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.






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






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






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






35. Used to solicit proposals from prospective sellers






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






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






38. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






39. 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






40. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






41. Any modification to the agreed upon project scope as defined by the approved WBS






42. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






43. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






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






45. 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.






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






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






48. A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower - more detailed pieces of work. These estimates are then aggregated into a to






49. A documented list of project team members - their project roles - and communication information.






50. 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