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. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






2. 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.






3. Documents the characteristics of the product - result - or service which the project is undertaken to create.






4. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






5. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






6. 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.






7. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






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






10. 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






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. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.






13. Process of monitoring the status of the project to update project progress and manage changes to the schedule baseline






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






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






17. 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






18. 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






19. The process of determining project stakeholders' information needs and defining a communication approach.






20. Used to solicit proposals from prospective sellers






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






22. 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






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






24. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






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






26. Incurred for the exclusive benefit of the project (e.g. - salaries of full-time project staff).






27. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






28. 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.






29. 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.






30. 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






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






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






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






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






35. 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.






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






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






38. 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.






39. Involves procedures required to close a contract as specified in the prescribed procedures for close procurements. Includes product verification and administrative closure.






40. 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






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






42. 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






43. 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.






44. 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






45. Specify lessons that can be learned from each and every project - even from projects which are failures. They need to be documented. Most companies prefer post-implementation meetings and case studies to document Lessons Learned






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






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






48. Includes the processes required to purchase or acquire products - services - or results needed from outside the project team.






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






50. 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.