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 how individual requirements meet the business need for the project.






2. 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.






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






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






5. Describes the processes required to make the most effective use of the people involved with the project. It includes developing the human resource plan - acquiring the project team - developing the project team - and managing the project team.






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






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






8. Involves developing a better understanding of the product of the project






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






10. 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.






11. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






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






13. 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






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






15. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






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






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






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






19. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






20. 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






21. 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.






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






23. 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






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






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






26. 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






27. It consists of tools and techniques used to gather - integrate and disseminate the outputs of project management processes. Supports all aspects of the project from initiating through closing - and can include both manual and automated systems.






28. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






29. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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






31. 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






32. Involves payments (cost reimbursements) to the seller for all legitimate actual costs incurred for completed work - plus a fee representing seller profit






33. Technique to evaluate the degree to which data about risks is useful for risk management.






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






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






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






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






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






40. An estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters - such as scope - cost - budget - and duration. An example for the cost parameter is multiplying






41. 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






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






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






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






45. The document that sets out the format and establishes the activities and criteria for planning - structuring - and controlling the project costs. The cost management plan is contained in - or is a subsidiary plan of - the project management plan.






46. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






47. 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.






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. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






50. 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