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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. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






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






3. 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






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






5. 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.






6. A collection of formal (note: not informal) documented procedures - which defines how the documentation and project deliverables will be managed - changed and approved.






7. Describes the processes required to acquire goods and services from outside the project team. It includes planning procurements - conducting procurements - administering procurements - and closing procurements.






8. 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






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






10. A table that links requirements to their origin and traces them throughout the project life cycle






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






12. A documented list of project team members - their project roles - and communication information.






13. 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






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






15. 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






16. 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






17. Document that formally authorizes a project. Provides project manager with the authority to apply organizational resources to project activities.






18. 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.






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






20. 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.






21. 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.






22. A requirement imposed by a governmental body and its compliance is mandatory.






23. 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






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






25. A formal or informal approach to obtain information from stakeholders by talking to them directly






26. Process of managing procurement relationships - monitoring contract performance - ad making changes and corrections as needed.






27. 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.






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






29. 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






30. 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






31. In a projectized organization - most of the organization's resources are involved in project work - and Project Managers have a great deal of independence and authority.






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






33. 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






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






35. An estimating technique that uses the values of parameters - such as scope - cost - budget - and duration or measure of scale such as size - weight - and complexity - from a previous - similar activity as the basis for estimating the same parameter o






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






37. 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






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






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






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






41. Documents how requirements will be analyzed - documented - and managed throughout the project






42. Formal written notice from a person or organization responsible for contract administration - informing that the contract has been completed.






43. 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.






44. Uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the total project. Project simulation uses computer models and estimates of risk and are






45. 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






46. 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






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






48. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






49. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






50. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity







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