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






2. Project team accepts the risk - i.e. team decides not to change the project plan to deal with the risk - or is unable to identify any other suitable response strategy.






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






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






5. A documented tabulation of schedule activities that shows the activity description - activity identifier - and a sufficiently detailed scope of work description so project team members understand what work is to be performed.






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






7. The amount of time that a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities.






8. Dependencies that are contractually required or those inherent in the nature of the work. Often involve physical limitations.






9. A process of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project. It identifies the interests - expectations - and influence of the stakehold






10. Generally used when considerations like technical approach and technical skills are paramount in source selection






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






12. This is done to take care of risks that were not identified in the risk response plan - or their impact on objectives is greater than expected.






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






14. Describes the processes required to ensure that the project is completed within the approved budget. It includes estimating the cost - determining the budget - and controlling the costs.






15. An estimating technique that uses parameters from a previous - similar project as the basis for estimating the same parameter/measure for a future project. Frequently used to estimate project duration when there is a limited amount of detailed inform






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






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






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






20. 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






21. 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






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






23. Process of documenting project purchasing decisions - specifying the approach - and identifying potential sellers.






24. 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






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






26. A mathematical technique to forecast future outcomes based on historical results. This is performed using run charts.






27. 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






28. 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.






29. Collection of generally sequential project phases.






30. 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






31. 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






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






33. The process of making relevant information available to project stakeholders in a timely manner - as planned. Performed throughout the entire project life cycle and in all management processes.






34. Features or services that characterize a product - result - or service






35. Helps to determine which risks have the most potential impact on the project. Examines the extent to which the uncertainty of each project element affects the objective being examined when all the other uncertain elements are held at their baseline v






36. They possess a blend of functional and projectized characteristics. Weak matrices maintain many of the characteristics of a functional organization - and the Project Manager's role is more that of a coordinator or expediter than that of a manager. Si






37. 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






38. Predefined approaches to risk analysis and response in some organizations that have to be tailored to a particular project.






39. 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






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






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






42. Special category of revised cost estimates to an approved cost baseline.






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






44. Reduce the probability and/or consequence of an adverse risk event to be within acceptable threshold limits.






45. The total amount of time that a schedule activity may be delayed from its early start without delaying the project finish date - or violating a schedule constraint. Calculated using the critical path method technique and determining the difference be






46. Meetings that are regularly scheduled to exchange and analyze information about the project and its performance.






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






48. 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.






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






50. Allow for non-sequential activities (e.g. Loops or Conditional Branches); e.g. - GERT(Graphical Evaluation and Review Technique) and System Dynamics







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