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. Describes the processes concerned with identifying - analyzing - and responding to project risk. It includes planning risk management - identifying risks - performing qualitative risk analysis - performing quantitative risk analysis - planning risk r






2. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






3. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






4. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






5. Lists or files maintained with information on prospective sellers. These lists will generally have information on relevant past experience and other characteristics of the prospective sellers






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






7. 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.






8. 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






9. 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.






10. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






11. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






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






13. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






14. Meetings held to assess project status and/or progress.






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






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






17. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






18. 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






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






20. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






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






22. 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.






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. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






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






26. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






27. 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






28. The process to develop an approximation (estimate) of the monetary resources needed to complete project activities.






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






30. 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






31. 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.






32. Describes how individual requirements meet the business need for the project.






33. A project is a temporary endeavor undertaken to create a unique product - service - or result






34. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






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






36. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






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






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






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






40. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






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






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






43. Focused sessions that bring key cross-functional stakeholders together to define product requirements






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. Quantities to be performed for each specific category - and can be used to estimate activity durations






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






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






48. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






49. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.






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