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






2. Provide a structure that ensures a comprehensive process of systematically identifying risks to a consistent level of detail and contributes to the effectiveness and quality of the Identify Risks process. They include categories like technical - exte






3. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






4. An applicable restriction that will affect the performance of the project/process.






5. Describes the need - justification - requirements - and current boundaries for the project.






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






7. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






8. A schedule compression technique in which cost and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost. Crashing only works for activities where additional resources will shorte






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






10. 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.






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






12. 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






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






14. Requests to expand or reduce project scope - modify policies/ processes/plans/procedures/costs and - if approved - can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.






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






16. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.






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






18. 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.






19. 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.






20. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






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






22. 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






23. Collection of generally sequential project phases.






24. 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






25. 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






26. It can include correspondence - memos - meeting minutes - and documents describing the project.






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






28. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






30. Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.






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






33. 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






34. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






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






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






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






38. Process of defining and documenting stakeholders' needs to meet the project objectives






39. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






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






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






42. Records of previous project results that can be used to identify risks.






43. 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






44. 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






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






46. Meetings held to assess project status and/or progress.






47. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






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






49. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






50. 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.