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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. The conclusion of a project phase is marked by a review of both key deliverables and project performance till date to determine if the project should continue into its next phase and detect and correct errors cost-effectively. These phase end reviews






2. The process of identifying all people or organizations impacted by the project and documenting relevant information regarding their interests - involvement - and impact on project success.






3. Structured review of the project plans and assumptions - prior project files - contracts - and other information.






4. 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.






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






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






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






8. 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






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






10. An uncertain event or condition that - if it occurs - has a positive or negative effect on the project objective.






11. Terms used when the source selection decision will be based on price






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






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






14. Refers to the centralized management of one or more portfolios to achieve strategic business objectives. Portfolio management ensures that the portfolios are reviewed to ascertain that resources are allocated as per priority and the allocation is con






15. 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






16. Technique to evaluate the degree to which data about risks is useful for risk management.






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






18. Any numbering system used to uniquely identify each component of the work breakdown structure.






19. 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.






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






21. Factors that limit a buyer's options. E.g. - funds availability






22. The process of approximating the number of work periods needed to complete individual activities with estimated resources






23. Used to rate or score seller proposals






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






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






26. Documents the characteristics of the product - result - or service which the project is undertaken to create.






27. Probability that a risk will occur.






28. Also known as "job shadowing -" it is usually done externally by the observer viewing the user performing her job.






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






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






31. 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






32. 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.






33. 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.






34. This involves calculating the theoretical early and late start and finish dates for all project activities without regard to any resource pool restrictions.






35. 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






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






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






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






39. 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






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






41. 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






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






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






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






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






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






47. The process of confirming human resource availability and obtaining the team necessary to complete project assignments.






48. Formal and informal policies that are required for project plan development. Organizational policies include quality management - personnel administration and financial controls.






49. Activities specifically taken by management and team members to help individual team members work together effectively - thereby improving team performance






50. 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







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