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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. 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.






2. Testing identified assumptions against two criteria: assumption stability and consequences on the project if the assumption is false.






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






4. An organizational placement strategy where the project team members are physically located close to one another in order to improve communication - working relationships - and productivity.






5. A subdivision (fragment) of a project schedule network diagram - used to illustrate or study some potential or proposed schedule condition - such as changes in preferential schedule logic or project scope.






6. Description of the product of the project - provides important information about any technical issues or concerns that would need to be considered during procurement planning






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






8. Dependencies determined by the Project Management Team; involve a relationship between project activities and non-project activities (i.e. - dependencies on issues that are beyond the scope of the project). These dependencies are outside the project






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






10. 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.






11. 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






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






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






14. Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products - services - or results.






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






16. 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.






17. Risk Audits examine and document the effectiveness of risk responses in dealing with identified risks and their root causes - as well as the effectiveness of the risk management process.






18. 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






19. A -specific version of the schedule model used to compare actual results to the plan to determine if preventive or corrective action is needed to meet the project objectives.






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






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






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






23. 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






24. An authorized time-phased budget at completion (BAC) used to measure - monitor - and control overall cost performance on the project. Developed as a summation of the approved budgets by time period and is typically displayed in the form of an S-curve






25. A subsequent phase of a project is sometimes begun prior to approval of the previous phase deliverables when the risks involved are deemed acceptable. This practice of overlapping phases is often called fast tracking






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






27. Considers the characteristics of those prospective staff who are available to join the project team.






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






29. Technique that explores the validity of assumptions basing on which every identified project risk is conceived and developed. It identifies risks to the project from inaccuracy - instability - inconsistency - or incompleteness of assumptions.






30. 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.






31. 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.






32. 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.






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






34. 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






35. A formal or informal approach to obtain information from stakeholders by talking to them directly






36. 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






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






38. The policies - guidelines - or procedures that govern the recruitment of staff.






39. Forecasts of potential project schedule and cost results listing the possible completion dates or project duration and costs with their associated confidence levels.






40. 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.






41. The calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal - such as the budget at completion (BAC) or the estimate at completion (EAC). It is the ratio of 'remaining work' to the 'fu






42. Describes the processes required to ensure that the project satisfies the needs for which it is undertaken. It includes quality planning - performing quality assurance and control.






43. 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






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






45. Modifications to the cost estimation prepared for the project






46. The process of collecting and distributing performance information - including status reports - progress measurements - and forecasts to stakeholders.






47. 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






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






49. A formal procedure for authorizing project work to ensure that work is done by the identified organization at the right time and in proper sequence.






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







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