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. Describes how individual requirements meet the business need for the project.






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






3. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






4. Modifications to the cost estimation prepared for the project






5. Involves immediate corrective or preventive action as a consequence of quality control measurements.






6. Subdivision of project deliverables into smaller - more manageable components






7. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






8. 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






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






10. 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






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






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






13. It can include correspondence - memos - meeting minutes - and documents describing the project.






14. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.






15. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






16. 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.






17. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






18. 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.






19. 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






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






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






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






23. Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education - knowledg






24. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






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






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






27. Outcome of activities performed to accomplish the project.






28. 1. Performed by people; 2. Constrained by limited resources; 3. Planned - excuted - monitored - and controlled; 4. Ultimate goal is to achieve organizational objectives or stratregic plans






29. 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.






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






31. 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






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






33. 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






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






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






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






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 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






39. 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






40. 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.






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






42. 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






43. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






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






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






46. 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.






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






49. 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






50. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance