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. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






2. 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






3. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






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






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






6. 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






7. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






8. Generally used when considerations like technical approach and technical skills are paramount in source selection






9. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






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






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






12. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






13. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






14. Persons or organizations who are actively involved in the project or whose interests may be positively or negatively affected by the performance or completion of the project. They may also exert influence over the project - its deliverables - and the






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






16. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






17. 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






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






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






20. 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.






21. 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






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






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






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






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






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






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






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






29. Records of previous project results that can be used to identify risks.






30. Used to solicit proposals from prospective sellers






31. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






32. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






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






34. 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






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






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






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






38. 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






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






40. Technologies or methods to transfer information among project stakeholders.






41. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






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






43. 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






44. 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.






45. 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.






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






47. Process of developing a detailed description of the project and product






48. 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.






49. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






50. Collection of generally sequential project phases.