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






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






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






4. Used to identify project and product requirements; some of the techniques used are: Brainstorming - Nominal group technique - The Delphi technique - Idea/mind mapping - and Affinity diagram.






5. 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






6. Process of estimating the type and quantities of resources like materials - people - equipment - or supplies required to perform each project activity






7. 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.






8. 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.






9. 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.






10. 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






11. 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






12. 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






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






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






15. Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.






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






17. 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.






18. Describes the processes required to ensure that the various elements of the project are properly coordinated. It includes developing the project plan - managing the execution of the project plan - monitoring & controlling work - integrating the chang






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






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






21. This compares technical accomplishments during project execution with the project management plan's schedule of technical achievement.






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






23. Describes the processes required to ensure that the project includes only the essential work required to complete the project successfully. It includes collecting the requirements - defining the scope - verifying the scope and controlling the scope o






24. 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.






25. 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.






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






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






28. Process of defining how to conduct risk management activities for a project.






29. 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.






30. Descriptions of which resources will be available at what times and in what patterns necessary for schedule development






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






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






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






34. 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.






35. Calculates the theoretical early start and finish dates - and late start and finish dates - for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.






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






37. 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






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






39. 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.






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






41. Process of developing options and actions to enhance opportunities and to reduce threats to project objectives. Includes the identification and assignment of individuals to take responsibility for each agreed-to and funded risk response.






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






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






44. Any modification to the contents of the project plan or the supporting details.






45. A calendar of working days and non- working days that determines those dates on which each specific resource is ideal or can be active; typically defines the resource specific holidays and resource availability periods; the calendars that specify whe






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






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






48. 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.






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






50. Modifications to the cost estimation prepared for the project







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