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PMP: Project Management Professional

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. Characteristics which indicate that a risk event is possible in the near future. They are identified when the risk are identified






2. Information Gathering Techniques from Identify Risks - tools and technique






3. Techinque of systemically gathering and analyzing quantitative and qualitative information to determine whose interest should be taken into account throughout the project






4. Deals with how we are effeiciently using our money






5. Risk that is typically uninsurable. Its a risk inherent in the porcess of doing business






6. Risk for which insurance can be purchased - thereby transferring the risk for financial benefit to the party accepting the risk






7. Cost associated with conformance to requirements and the step taken to elimate non-conformance






8. Deals with the Unkown Unkowns and are not in the Project Plan Contingency Reserves VS Mgmt Reserves






9. Can come from the following factors: Business Need - Market Demand - technological advance - customer request - legal requirements






10. Putting more resources on the Critical Path activites. Usually increases cost but minimal risk exposure






11. You determine how the much of something must be tested to ensure that defects are caught






12. Deals with the known Unkowns and is the Project Plan






13. Tool that factors in the communications requirments to ensure they are properly address in the communication Mgmt plan






14. Best form power to use. Someone receives a benefit for doing something that is needed






15. ID all potential project stakeholders - Identify the potential impact or support each other stakeholder could generate and classify them ...ie the grids - Assess how key stakeholders are likley to react or respond in various situations






16. The Process of determing which risk may affect the project and documents their characteristics






17. Shows the overall state of the project - aka the sum of all reports






18. Process of communication and working with stakeholders to meet their needs and addressing issues as they occur






19. On creating a written project scope statement to be used in the future project decision making.






20. Conflict Solution Negotiation attempt to get everyone involved to give (concede) a little to find a common ground and resloution. It is sometimes viewed as undesirable because when everyone give something up there is a potential that the solution wil






21. Communication with peers






22. Displays a breakdown by resource type accross an organization. This breakdown makes it possible to view where resources are being used regardless of organizational group or division they are in. Can include non-H.R. resources as well as personnel






23. Conflict Solution where there is an effort in which attempts are made to work out the actual problem. It is the best type of conflict resolution






24. Play a huge role in planning - When you perform project management part of the concept of Planning is to deal with items unkown. You must make assumptions for scheduling and bugeting. In most cases as the project evoles - you learn more about it.






25. An inventory managment process that lets a company have little or no excess inventory in stock- Ideally a stocks ZERO inventory with supplies arriving only when needed for the products being built






26. Close out any contracts w/ outside vendors - Deliver any required reports associated w/ closure (OPA updates) - Complete any close project or phase activites - Performed lessons learned - Complete the archives of any project files (OPA updates) - Rel






27. Aka Standard Deviation. It is considered the quality standard. 1 Sigma - 68.26% 2 Sigma - 95.45% 3. Sigma - 99.73%






28. Calculating the expected monetary value (EMV) of a project risk is found by....

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29. Breakdown structure to help dreak down the risk on a project. It helps create a brainstorming type of environment that allows the team to identify and categorize additional risk. Similar to WBS but the team creates it.






30. A network diagramming technique in which schedule activites are represented by boxes (or nodes)






31. Process of improving the competencies - team interaction - and the overall team environment to enhance project team






32. Difference between internal and external risk






33. Special benefits offered being on a certain project of doing a certain activity Difference between Fringe and Perks






34. A constraint that must be completed before subsequent items can start






35. Type of Mgmt style where managers have strong or unlimited power and authority






36. A contigency put into action when a risk reesponse and any backup plans don't work. It is the reactive "wing it" reponse






37. Considering both development and operating costs when evaluating project alternatives






38. Type of communication method sent to a specific recipient who needs to know the information - This method ensures that the communication is distributed but does not certify that it actually reached or was understood by the intended audience Includes






39. Components - assemblies - sub assemblies used to build a product or service Whaty are the 4 breakdown structures?






40. Benefits that everyone receives in the company i.e Ins or paid holidays






41. The amount of time something can be delayed w/o delaying the PUBLISHED finish date






42. The Process of prioritizing risk for further analysis or action by assessing and combining their probability of occurrence and impact - The Process of numerically analyzing the effect of identified risks on overall project objectives






43. A delay between activities. You use it when there is some type of constraint in which something must wait before it can continue






44. Communication up and down the organization






45. Communication with customer - other project - the media - and the public






46. PM and team work to create a complete estimate from the bottom(activity level) up and roll it up to the total estimate. Main advantage - detail accuracy. Main dis ad - can take time to create






47. States that 100% of the work of a project needs to be represented in the creation of the WBS. What is the 100% rule?






48. Process of identifying and documenting project roles - responsibilities - and required skills reporting relationship - and creating a staffing managment plan






49. Formal or informal system used in project mgmt to ensure that work is done as planned. It ensures that right work is done in the right order at the right time by the right people






50. A constraint that should be completed but is not absolutly required to be completed before subsequent item can start