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Subjects : certifications, capm
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • 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. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






2. 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






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






4. 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






5. Collection of generally sequential project phases.






6. 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.






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






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






9. 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






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






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






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






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






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






15. Risks that remain after planned responses have been implemented - as well as those that have been deliberately accepted.






16. Factors that will limit the project management team's options (e.g. - a predefined budget)






17. 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






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. 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.






20. Records of previous project results that can be used to identify risks.






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






22. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






23. 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






24. 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.






25. 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.






26. A structure that relates the project organizational breakdown structure to the work breakdown structure to help ensure that each component of the project's scope of work is assigned to a person or team. It illustrates the connections between work pac






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






28. 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






29. 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






30. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






31. Includes the processes that help to estimate - budget - and control costs - so that the project can be completed within the approved budget.






32. Involves developing a better understanding of the product of the project






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






34. Used to rate or score seller proposals






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






36. Subdivision of project deliverables into smaller - more manageable components






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






38. 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.






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






40. 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






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






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






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






44. 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






45. 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






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






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






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






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






50. Also called risk symptoms or warning signs - they are indications that a risk has occurred or is about to occur. They may be discovered in the risk identification process and watched in the risk monitoring and control process.







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