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CAPM FINAL EXAM - QUESTIONS & ANSWERS
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CAPM FINAL EXAM - QUESTIONS & ANSWERSAcceptance Criteria Correct Ans ➡ A set of conditions that is required to
be met before deliverables are accepted
Accepted Deliverables Correct Ans ➡ Products, results, or capabilities
produced by a project and validated by the project customer or sponsors as
meeting their specified acceptance criteria
Accuracy Correct Ans ➡ Within the quality management system,
accuracy is an assessment of correctness
Acquire Project Team Correct Ans ➡ The process of confirming human
resources availability and obtaining the team necessary to complete project
activities
Acquisition Correct Ans ➡ Obtaining human and material resources
necessary to perform project activities. Acquisition implies a cost of resources,
and in not necessarily financial
Activity Correct Ans ➡ A distinct, scheduled portion of work performed
during the course of a project
Activity Attributes Correct Ans ➡ Multiple attributes associated with
each schedule activity that can be included within the activity list. Extends
description of activity by defining and identifying related components.
Initially include Activity name, Activity ID, and WBS ID
Activity attributes include activity codes, predecessor activities, successor
activities, logical relationships, leads and lags, resources requirements,
imposed dates, constraints, and assumptions
Activity Code Correct Ans ➡ One or more numerical or text values that
identify characteristics of the work or in some way categorize the schedule
activity that allows filtering and ordering of activities within reports
,Activity Cost Estimates Correct Ans ➡ The projected cost of the schedule
activity that includes the cost for all resources required to perform and
complete the activity, including all cost types and cost components
Activity Duration Correct Ans ➡ The time in calendar units between the
start and finish of a schedule activity. See all duration
Activity Duration Estimates Correct Ans ➡ The quantitative assessments
of the likely number of time periods that are required to complete and
activity. Ways of presenting the estimates include as a single estimate, as a
range, and a % of probability. Note: duration estimates do not include lags
Activity Identifier Correct Ans ➡ A short, unique numeric or text
identification assigned to each schedule activity to differentiate that project
activity from other activities. Typically unique within any one project
schedule network diagram
Activity List Correct Ans ➡ A documented tabulation of scheduled
activities that shows the activity description, activity identifier, and a
sufficiently detailed scope of work description so project team members
understand that work is to be performed
Activity Resource Requirements Correct Ans ➡ The types and quantities
of resources required for each activity in a work package. Documentation
includes how you arrived at estimates, who was involved, basis of
information, assumptions, etc.
Actual Cost (AC) Correct Ans ➡ The realized cost incurred for the work
performed on an activity during a specific time period
Actual Duration Correct Ans ➡ The time in calendar units between the
actual start date of the schedule activity and either the data date of the project
schedule if the schedule activity is in progress or the actual finish date if the
schedule activity is complete
Adaptive Life Cycle Correct Ans ➡ A project life cycle, also known as
change-driven or agile methods, that is intended to facilitate change and
require a high degree of ongoing stakeholder involvement. Adaptive life cycles
, are also iterative and incremental, but differ in that iterations are very rapid
(usually 2-4 weeks in length) and are fixed in time and resources
Additional Quality Planning Tools Correct Ans ➡ A set of tools used to
define the quality requirements and to plan effective quality management
activities. They include, but are not limited to: brainstorming, force field
analysis, nominal group techniques and quality management and control tools
Adjusting Leads and Lags Correct Ans ➡ A technique used to find ways to
bring project activities that are behind into alignment with plan during project
execution
Advertising Correct Ans ➡ The process of calling public attention to a
project or effort
Affinity Diagram Correct Ans ➡ A group creativity technique that allows
large numbers of ideas to be classified into groups for review and analysis
Agreements Correct Ans ➡ Any documentation or communication that
defines the initial intentions of a project. This can take the form of a contract,
memorandum of understanding (MOU), letters of agreement, verbal
agreements, email, etc.
Applicable when a project is completed for an external customer
Alternative Analysis Correct Ans ➡ A technique used to evaluate
identified options in order to select which options or approaches to use to
execute and perform the work of the of the project
Alternatives Generation Correct Ans ➡ A technique used to develop as
many potential options as potential in order to identify different approaches
to execute and perform the work of the project, explores the various
approached and ways of executing the project. Examples include
brainstorming, lateral thinking, and analysis of alternatives
Analogous Estimating Correct Ans ➡ A technique used for estimating the
duration or cost of an activity or a project when minimal information is
available using historical data from a similar activity or project and expert
judgement. Typically has lower accuracy, but is not time consuming or costly
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