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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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 in which the estimated costs of individual activities or work packages are aggregated to establish an authorized cost baseline.






2. 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.






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






4. 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






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






6. 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






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






8. Action taken to bring a defective or nonconforming item into compliance with requirements or specifications. It is a frequent cause of project overruns in most application areas.






9. Precedence Diagramming Method (PDM) includes four types of dependencies or relationships between activities: 1. Finish to Start; 2. Finish to Finish; 3. Start to Finish; 4. Start to Start






10. A modification of a logical relationship that directs a delay in the successor activity.






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






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






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






14. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






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






16. 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






17. 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.






18. Collection of generally sequential project phases.






19. 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.






20. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






21. 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






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






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






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






25. Seeking to shift the consequences of the risk to a third party together with the ownership for the response.






26. 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






27. 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.






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






29. Describes how individual requirements meet the business need for the project.






30. 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






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






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






33. 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.






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






35. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






36. 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.






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






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






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






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






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






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






43. An analytical technique used to determine the basic underlying reason that causes a variance or a defect or a risk. Root cause may underlie more than one variance or defect or risk. Root cause analysis is done as part of corrective action - Helps ide






44. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v






45. For many procurement items - the procuring organization may elect to either prepare its own independent estimate - or have an estimate of costs prepared by an outside professional estimator - to serve as a benchmark on proposed responses.






46. Describes how the procurement processes (from developing procurement documentation through contract closure) will be managed






47. Meetings with all prospective sellers and buyers prior to submittal of a bid or proposal. Used to ensure that all prospective sellers have a clear and common understanding of the procurement - and that no bidders receive preferential treatment.






48. Application of knowledge - skills - tools - and techniques to project activities to meet the project requirements.






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






50. They involve measuring value or attractiveness to the project owner. Includes considering the decision criteria and a means to calculate value under uncertainty.







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