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






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






3. 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.






4. 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.






5. 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.






6. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






7. Risks that arise as a direct result of implementing a risk response.






8. Includes the processes that organize - manage - and lead the project team.






9. 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.






10. Factors which - for planning purposes - are considered to be true - real or certain.






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






12. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






13. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






14. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






15. Any numbering system used to uniquely identify each component of the work breakdown structure.






16. 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






17. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






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






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






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






21. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






22. 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






23. 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






24. Determining which risks may affect the project and documenting their characteristics.






25. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






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






27. 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






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






29. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define






30. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






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






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






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






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






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






36. 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






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






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






39. Checklists are structured tools - usually component specific - used to verify that a set of required steps has been performed and to ensure consistency in frequently performed tasks. These can be developed based on historical information and knowledg






40. The process of approximating the number of work periods needed to complete individual activities with estimated resources






41. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






42. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






43. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






44. 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.






45. Any modification to the contents of the project plan or the supporting details.






46. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






47. Factors that limit a buyer's options. E.g. - funds availability






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






49. 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.






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