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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. 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.






2. Mutually binding legal agreement that obligates the seller to provide the specified products - services - or results - and obligates the buyer to compensate the seller.






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






4. 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






5. The process of determining project stakeholders' information needs and defining a communication approach.






6. Involves setting a fixed total price for a defined product or service to be provided.






7. 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






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






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






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






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






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






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






14. Costs allocated to the project by the performing organization as a cost of doing business (e.g. - salaries of corporate executives). Usually calculated as a percentage of direct costs.






15. Defines what kinds of competencies are required from what kind of individuals or groups and in what time frames.






16. The state - quality - or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation - either internal or external to a project - which will affect the performance of the project or a process.






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






18. Modifications to the cost estimation prepared for the project






19. 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






20. 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






21. 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.






22. 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.






23. 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.






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






25. 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.






26. Includes the processes that organize - manage - and lead the project team.






27. A deliverable is a unique - tangible and verifiable work/product. Each project phase is marked by the completion of one or more deliverables.






28. Process of identifying and documenting relationships among the project activities. Sequencing can be performed by using project management software or by using manual or automated techniques.






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






30. 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.






31. Schematic displays of the logical relationships (dependencies) among the project schedule activities; always drawn from left to right to reflect project work chronology






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






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






34. 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






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






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






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






38. Process of obtaining seller responses - selecting a seller - and awarding a contract






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






40. It is a tool and technique which is used to determine the information needs of the project stakeholders. This is a key component for planning the project's actual communications. It would assist in determining and limiting who will communicate with w






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






42. Project team must measure itself periodically against the expectations of those outside the project.






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






44. 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






45. Factors that - for planning purposes - will be considered true - real or certain.






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






47. Complete set of indexed contract documentation - including the closed contract - that is prepared for inclusion with the final project files






48. 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.






49. Project Simulation uses a model that translates the specified detailed uncertainties of the project into their potential impact on project objectives.






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







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