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






2. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






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






4. A table that links requirements to their origin and traces them throughout the project life cycle






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






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






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






8. 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.






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






10. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






11. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






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






14. 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






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






16. 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.






17. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






18. 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.






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






20. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






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






22. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






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






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






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






26. 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.






27. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






28. Collection of generally sequential project phases.






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






30. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






31. 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.






32. 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.






33. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






34. 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






35. 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






36. 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






37. 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.






38. 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






39. 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






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






41. 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






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






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






44. 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






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






46. 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






47. 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.






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






49. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






50. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.