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






2. 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






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






4. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






5. 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.






6. 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






7. 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






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






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






10. 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






11. 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.






12. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






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






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






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






16. 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.






17. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






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






19. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






20. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






21. Describes how project scope will be managed and how scope changes will be integrated into the project. It should also include an assessment of the expected stability of the project scope






22. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






23. 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.






24. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






25. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






26. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






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






29. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






30. Process of monitoring the status of the project and product scope and managing changes to the scope baseline.






31. The work that must be done to deliver a product with the specified features and functions






32. 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






33. 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.






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






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






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






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






38. 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.






39. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






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






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






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






43. A functional organization has a hierarchy in which every employee has one clear superior. Staff members are grouped by areas of specialization. Functional organizations may still have projects - but the perceived scope of the project is defined by th






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






45. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






46. 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






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






48. 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






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






50. 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.