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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. Modifications to the cost estimation prepared for the project






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






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






4. It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name - designation - location - co






5. 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






6. Projects are frequently divided into better manageable components or subprojects. Subprojects are often contracted to an external enterprise or another functional unit in the performing organization.






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






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






9. 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






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






11. 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.






12. Process of formally authorizing a new project or the next phase of an existing project; links the project to the ongoing work of the performing organization






13. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






14. A project is a temporary endeavor undertaken to create a unique product - service - or result






15. 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.






16. 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.






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. 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






19. 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






20. 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






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






22. 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.






23. Process of formalizing acceptance of the completed project deliverables






24. Outcome of activities performed to accomplish the project.






25. 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.






26. Any form of schedule network analysis in which scheduling decisions are driven by resource constraints.






27. 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






28. 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






29. A provision in the project management plan to mitigate cost and/or schedule risk. Often used with a modifier to provide further details on what types of risk are meant to be mitigated.






30. 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






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






32. 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.






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. A management control point where the resource plans - scope - schedule and actual cost are integrated and compared to earned value for performance measurement.






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






37. A schedule network analysis technique used to determine the amount of scheduling flexibility on various logical network paths in the project schedule network - and to determine the minimum total project duration. Early start and finish dates are calc






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






39. 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.






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






41. Effect on project objectives if the risk event occurs.






42. Any modification to the agreed upon project scope as defined by the approved WBS






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. A hierarchically organized depiction of the project organization arranged so as to relate the work packages to the performing organizational units.






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






46. Repository that provides for collection - maintenance - and analysis of data gathered and used in the risk management process. Use of this database assists risk management throughout the organization and - over time - forms the basis of a risk lesson






47. Process of implementing risk response plans - tracking identified risks - monitoring residual risks - identifying new risks - and evaluating risk process effectiveness throughout the project.






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






49. Process of developing a detailed description of the project and product






50. 1. Operations do not have any timelines. Projects are temporary and have finite time duration. 2. Operation's objective is usually to sustain the business. Project's objective is to achieve the target and close the project.







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