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 collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






2. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






3. 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






4. 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.






5. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






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






7. 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.






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. 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






10. Process of formalizing acceptance of the completed project deliverables






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






12. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






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






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






15. Project team must measure itself periodically against the expectations of those outside the project.






16. The expected total cost of a schedule activity - a work breakdown structure component - or the project when the defined scope of work will be completed.






17. 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.






18. It includes the processes required to ensure timely and appropriate generation - collection - dissemination - storage - retrieval - and ultimate disposition of project information.






19. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






20. 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.






21. 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






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






23. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






24. 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






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






26. 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






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






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






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






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






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






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






33. 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.






34. Outcome of activities performed to accomplish the project.






35. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






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






37. 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






38. 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






39. 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.






40. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






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






42. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






44. 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






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






46. 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.






47. Process of defining and documenting stakeholders' needs to meet the project objectives






48. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






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






50. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.