Test your basic knowledge |

Subjects : certifications, capm
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. 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.

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

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

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

5. 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

6. 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

7. Defines the process by which the procurement can be modified. It includes paperwork - tracking systems - dispute resolution procedures - and approval levels necessary for authorizing changes.

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

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

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

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

12. It shortens the project schedule without changing the project scope - in order to meet schedule constraints - imposed dates - or other schedule objectives. -. This technique includes crashing and fast tracking.

13. Charts that are used to show positions and relationships in a graphical format.

14. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.

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

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

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

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

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

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

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

22. 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

23. 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

24. Used to rate or score seller proposals

25. 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

26. The policies - guidelines - or procedures that govern the recruitment of staff.

27. Deliverable- oriented grouping of project components that organizes and defines the total scope of the project - work not in the WBS is outside the scope of the project.

28. 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.

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

30. 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

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

32. 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.

33. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold

34. Responses to emerging risks that was previously unidentified or accepted. These were not planned in advance of the occurrence of the risk event.

35. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide

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

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

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

39. 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

40. 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

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

42. 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.

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

44. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.

45. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity

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

47. 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.

48. 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.

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

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