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. Allows for probabilistic treatment of both network logic and activity duration estimates






2. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics






3. Estimating or predicting future project status and progress based on knowledge and information available at the time of forecasting.






4. Processes and procedures developed for the closing or canceling of projects.






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. 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






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






9. Generally used when considerations like technical approach and technical skills are paramount in source selection






10. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






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






12. Measuring - examining and testing undertaken to determine whether results conform to requirements; also called reviews - product reviews - audits - and walkthroughs






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






14. 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.






15. 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






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






17. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






18. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






19. 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






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






21. 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.






22. Process of redefining the cost performance/schedule/performance measurement/technical baseline. If cost variances are severe - re-baselining is needed to provide a realistic measure of performance.






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






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






25. Factors that will limit the project management team's options (e.g. - a predefined budget)






26. 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






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






28. 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






29. 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.






30. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






31. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






32. 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






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






34. Probability that a risk will occur.






35. 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






36. 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.






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






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






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






40. Used to solicit proposals from prospective sellers






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






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






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






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






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






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






47. Clarify the structure - requirements and other terms of the purchases so that mutual agreement can be reached prior to signing the contract.






48. 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






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. 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