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






2. Group of related projects managed in a coordinated way to obtain control and benefits that are not available if managed individually.






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






4. Hybrid type of contractual agreements that contain aspects of both cost-reimbursable and fixed- price contracts. Some characteristics: · Open-ended - i.e. - full value of the agreement and the exact quantity of items to be delivered may not be define






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






6. Project team must measure itself periodically against the expectations of those outside the project.






7. Factors that limit a buyer's options. E.g. - funds availability






8. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






9. 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






10. 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






11. 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






12. A formal - approved document used to define how the project is executed - controlled and monitored. It can either be at a detailed or high level and may contain one or more subsidiary plans.






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






14. 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.






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






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






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






18. 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






19. 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






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






21. 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.






22. 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






23. 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






24. Diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives.






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






26. 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






27. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






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






29. Describes the processes required to ensure timely and appropriate generation - collection - dissemination and ultimate disposition of project information. It includes identifying stakeholders - planning communication - distributing information - mana






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






31. A modification of a logical relationship that allows an acceleration of the successor activity. A negative lead is equivalent to a positive lag.






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






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






34. Technologies or methods to transfer information among project stakeholders.






35. 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.






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






37. Focused sessions that bring key cross-functional stakeholders together to define product requirements






38. 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






39. Collection of generally sequential project phases.






40. Describes the extent to which a risk is known or understood. Measures extent of data available as well as reliability of data.






41. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






42. Process of identifying the specific actions to be performed to produce the project deliverables.






43. Describes the processes required to ensure timely completion of the project. It includes defining activities - sequencing activities - estimating activity resources - estimating activity durations - developing the schedule - and controlling the sched






44. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






45. 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.






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






47. 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.






48. 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






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






50. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.







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