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 method of obtaining early feedback on requirements by providing a working model of the expected product before actually building it.






2. Collection of generally sequential project phases.






3. Involves setting a fixed total price for a defined product or service to be provided.






4. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






5. Any modification to the agreed upon project scope as defined by the approved WBS






6. 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.






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






8. 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.






9. Process of defining how to conduct risk management activities for a project.






10. 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.






11. 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.






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






13. 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.






14. Approved modifications to the project schedule that are used to manage the project






15. 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






16. 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.






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






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






19. A general management technique used to determine whether a particular work can be accomplished by the project team or must be purchased from outside sources.






20. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






21. 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.






22. Used to solicit proposals from prospective sellers






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






25. 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.






26. Structured method to guide the project team during development of project plan. Standard forms and templates or even complicated simulations may be used.






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






28. 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






29. 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






30. 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






31. Involves immediate corrective or preventive action as a consequence of quality control measurements.






32. 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






33. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






34. 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.






35. Organize and summarize the information gathered - and present the results of any analysis as compared to the performance measurement baseline. Reports should provide status and progress of the project at the required level of detail.






36. 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






37. Considers the characteristics of those prospective staff who are available to join the project team.






38. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






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






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






41. Describes how risk management will be structured and performed on the project.






42. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






43. 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






44. Changing the project management plan to eliminate the threat entirely.






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






46. Process of numerically analyzing the effect of identified risks on overall project objectives.






47. 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






48. Bring together prequalified stakeholders and subject matter experts to learn about their expectations and attitudes about a proposed product - service - or result






49. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






50. 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