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. Special category of revised cost estimates to an approved cost baseline.






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






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






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






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






6. 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






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






8. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






10. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






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






12. 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.






13. 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.






14. 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.






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






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






17. 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.






18. 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.






19. 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.






20. 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






21. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






22. 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






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






24. Modifications to the cost estimation prepared for the project






25. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






26. A requirement imposed by a governmental body and its compliance is mandatory.






27. 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






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






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






30. Modifications to the cost estimation prepared for the project






31. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






32. Focused sessions that bring key cross-functional stakeholders together to define product requirements






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






34. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






35. A structured review of the seller's progress to deliver project scope and quality - within cost and on schedule - as compared to the contract.






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






37. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






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






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






40. A modification of a logical relationship that directs a delay in the successor activity.






41. 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.






42. Process of identifying the specific actions to be performed to produce the project deliverables.






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






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






45. 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






46. 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






47. 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






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






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






50. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.