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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. Expectations The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations - for example - by building t






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






3. List of risks includes those that pose the greatest threat or present the greatest opportunity to the project together with a measure of their impact.






4. 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.






5. Modifications to the cost estimation prepared for the project






6. 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






7. Used to solicit proposals from prospective sellers






8. 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.






9. Risks that arise as a direct result of implementing a risk response.






10. 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






11. 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.






12. 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






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






14. Defines the procedures by which project scope can be changed; includes paperwork - tracking systems and approval levels necessary for authorizing changes.






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






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






17. The process to identify and document project roles - responsibilities - and required skills - report relationships - and create a staffing management plan.






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






19. 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.






20. 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.






21. A group of documented procedure used to apply technical and administrative direction and surveillance to: a) Identify and document the system's functional and physical characteristics; b)Control any changes to such characteristics; c) Record and repo






22. 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






23. Describes how risk management will be structured and performed on the project.






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






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






26. 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






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






28. 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.






29. 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.






30. The work that must be done to deliver a product with the specified features and functions






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






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






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






34. 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






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






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






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






38. 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.






39. Outcome of activities performed to accomplish the project.






40. 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.






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






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






43. 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






44. Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills - technical competencies - and overall team environment and proje






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






46. 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






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






48. 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.






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






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







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