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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. Process of assessing and combining the impact and the likelihood of identified risks. Prioritizes risks according to their potential effect on project objectives for further analysis or action.






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






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






4. 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.






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






6. Activities should have a coding structure to allow sorting and/or extractions based on different attributes assigned to the activities.






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






8. Process of formalizing acceptance of the completed project deliverables






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






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






11. Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.






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






13. Used to rate or score seller proposals






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






15. Systematic process of planning - identifying - analyzing - responding - and monitoring and controlling project risk. It increases the probability and impact of positive events - and decrease the probability and impact of negative events in the projec






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






17. Determining which risks may affect the project and documenting their characteristics.






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






19. 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.






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






21. 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.






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






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






24. 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






25. 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






26. A partially complete document in a predefined format that provides a defined structure for collecting - organizing - and presenting information and data.






27. 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






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






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






30. 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.






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






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






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






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






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






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






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






38. A matrix that assigns risk ratings to risks or conditions based on a combining probability and impact scales. Risks with high probability and high impact will require further analysis.






39. 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






40. Probability that a risk will occur.






41. If the performing organization does not have a formal contracting group - then the project team will have to supply both the resources and expertise to support procurement activities






42. A general data gathering and creativity technique that can be used to identify risks - ideas - or solutions to issues by using a group of team members or subject matter experts which data can be addressed later in Perform qualitative and quantitative






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






44. Allows for probabilistic treatment of both network logic and activity duration estimates






45. Charts/ Judgment provided based upon expertise in an application area - knowledge area - discipline - industry - etc. as appropriate for the activity being performed. Such expertise may be provided by any group or person with specialized education -






46. Includes identified risks - risk owners - results of Perform qualitative risk analysis process - agreed upon response strategies - etc.






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






48. Seller prepared documents that describe the seller's ability and willingness to provide the requested product.






49. The process of analyzing activity sequences - durations - resource requirements - and schedule constrains to create the project schedule






50. 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







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