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. 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






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






3. 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






4. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






5. 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.






6. 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






7. Special category of revised cost estimates to an approved cost baseline.






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






9. 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






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






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






12. Broader view of Project Cost Management - whereby other than project costs - we consider the effect of project decisions on the cost of using the project's product.






13. Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.






14. 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.






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






16. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






17. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






18. Charts/ 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 -






19. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






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






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






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






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






24. 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.






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






26. 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






27. 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






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






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






30. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






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






32. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






33. Methods used to distribute information to team members and other stakeholders.






34. Modifications to the cost estimation prepared for the project






35. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






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






37. Probability that a risk will occur.






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






39. Process of formalizing acceptance of the completed project deliverables






40. Used to rate or score seller proposals






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






42. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






43. 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






44. 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.






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






46. 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






47. 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.






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






49. Process of changing the schedule baseline. It is done when schedule delays are very severe - and the project schedule has to be completely changed.






50. Seller is a subcontractor - vendor - or supplier - who will typically manage the work of the project. Buyer is the customer who has outsourced work to the seller.