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. 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.






2. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






3. 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






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






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






6. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






7. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






8. Documents how requirements will be analyzed - documented - and managed throughout the project






9. Provides a documented basis for making future project decisions and for confirming or developing common understanding of the project scope among the stakeholders






10. 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






11. 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






12. Features or services that characterize a product - result - or service






13. 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






14. A formal or informal approach to obtain information from stakeholders by talking to them directly






15. 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.






16. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






17. Integrates scope - cost (or resource) - and schedule measures to help the project management team assess project performance.






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






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






20. 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






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






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






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






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






25. 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.






26. 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.






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






28. 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.






29. 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






30. 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.






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






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






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






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






35. 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.






36. 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.






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






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






39. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






40. 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.






41. 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






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






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






44. A schedule compression technique in which phases or activities normally performed in sequence are performed in parallel. Fast tracking often results in rework and increased risk. Fast tracking only works if activities can be overlapped to shorten the






45. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






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. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






49. 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






50. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.