CAPM EXAM TERMS 100 Questions with Verified Answers,100% CORRECT

CAPM EXAM TERMS 100 Questions with Verified Answers Project - CORRECT ANSWER is a temporary endeavor undertaken to create a unique product, service or result. Definite beginning and an end. Project Management - CORRECT ANSWER is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. operations - CORRECT ANSWER Ongoing, repetitive, for sustaining business. Responsible for overseeing, directing and controlling business operations Operational Stakeholders - CORRECT ANSWER Should be engaged and their needs identified. Project Management Office - CORRECT ANSWER is a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques. Supportive - CORRECT ANSWER Consultative role, supply templates, best practices, and training, access to info. Serve as a respiratory, LOW control Controlling - CORRECT ANSWER Provide support and require compliance, MODERATE control Directive - CORRECT ANSWER directly manage project. HIGH control Business Value - CORRECT ANSWER Entire value of the business, could be tangible or intangible. Project Based Organization - CORRECT ANSWER Refers to the various organizational forms that create temporary system for carrying out their work. organizational Process assets - CORRECT ANSWER are the plans, process, procedures, and the knowledge bases specific to and used by the performing organization Enterprise Environmental Factors - CORRECT ANSWER refers to the conditions, not under the control of the project team, that influence, constraint, or direct the project. Project Goverance - CORRECT ANSWER an oversight function, t Progressive Elaboration Progressive detailing, iterative plan Rolling wave planning - CORRECT ANSWER Planning and documentations are iterative and ongoing avctivites initiating - CORRECT ANSWER Those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase Planning - CORRECT ANSWER Performed to establish the total scope of the effort, define and refine the objectives and develop the course of action required to attain those objectives Executing - CORRECT ANSWER Performed to complete the work defined in the project management plan to satisfy the project specification Monitoring and Control - CORRECT ANSWER process required to track, review, and orchestrate the progress and performance of the project, Identify any ares in which changes are required, and initiate the corresponding changes Closing - CORRECT ANSWER performed to conclude all activities across all project areas requiring additional attention Work Performance Data - CORRECT ANSWER The raw observations and measurements identified during activities performed to carry out the project work Work Performanc Information - CORRECT ANSWER The performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas. Work performance reports - CORRECT ANSWER The physical or electronic representation of work performance information complied in project documents, intended to generate decisions to raise issues, actions, or awareness. The PMBOK represents the project management processes as - CORRECT ANSWER discrete elements with well defined interfaces. Project Charter - CORRECT ANSWER A document issued by the project initiator or sponsor that formally authorizes the existence of a project or phase, and provides the project manager authority to apply organizational resources to project activities" Project Management Plan - CORRECT ANSWER is the document that describes how the project will be executed, monitored, and controlled. Contains subsidiary plans concerning all aspects of the project Plan Scope Management - CORRECT ANSWER The process of creating a scope management plan that documents how the project scope will be defined, validated and controlled. Collect Requirements - CORRECT ANSWER The process of determining, documenting and managing stakeholder needs and requirements to meet the project objectives. Define Scope - CORRECT ANSWER The process of developing a detailed description of the project and product. It describes the project, service, or result boundaries by defining which of the requirements collected will be included and excluded from the project scope. Create WBS - CORRECT ANSWER The process of subdividing the project deliverables and project work into smaller, more manageable components. Validate Scope - CORRECT ANSWER The process of formalizing acceptance of the completed project deliverable. Control Scope - CORRECT ANSWER The process of monitoring the status of the project and product scope and managing changes to the scope baseline. Requirements Documentation - CORRECT ANSWER decribes how individual requirements meet the business need for the project Requirements Traceability Matrix - CORRECT ANSWER Is a grid that links the product from their origin to the deliverable s that satisfies them Project Scope Statement - CORRECT ANSWER is the description of the project scope, major deliverable s, assumptions, and constraints. product scope description - CORRECT ANSWER Progressively elaborates the characteristics of the product, service, or result described in the project charter and requirements doc. acceptance criteria - CORRECT ANSWER set of conditions that must be met before deliverable are accepted Deliverable - CORRECT ANSWER An unique and verifiable product , result or capability to perform a service that is required to be produced to complete a process, phase or project Project Exculsion - CORRECT ANSWER What is excluded from the project, what is out of scope, helps manage the stakeholders. Decomposition - CORRECT ANSWER is a technique used for dividing and subdividing the project scope and project deliverable into smaller, more manageable parts. Scope baseline - CORRECT ANSWER approved version of the scope statement , WBS and its associated WBS dictionary WBS - CORRECT ANSWER decomposition of the total scope to be carried out by the project Validate Scope - CORRECT ANSWER is the process of formalizing acceptance of the completed project deliverables Variance analysis - CORRECT ANSWER is a technique for determining the cause and degree of difference between the baseline and actual performance. Plan Schedule Management - CORRECT ANSWER The process of establishing the policies, procedures and documentation for planning, developing, managing, executing and controlling the project Define Activities - CORRECT ANSWER The process of identifying and documenting the specific actions to be performed to produce the project deliverables Sequence Activities - CORRECT ANSWER The process of identifying and documenting relationships among the project activities Estimate Activity Resources - CORRECT ANSWER The process of estimating the type and quantities of material, human resources, equipment, or supplies required to perform each activity Estimate Activity Durations - CORRECT ANSWER The process of estimating the number of work periods needed to complete individual activities with estimated resources Develop Schedule - CORRECT ANSWER The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule model Control Schedule - CORRECT ANSWER The process of monitoring the status of the project activities to update project progress and manage changes to the schedule baseline to achieve the plan Activity List - CORRECT ANSWER is a comprehensive list that includes all schedule activities required on the project. Activity attributes - CORRECT ANSWER extend the description of the activity, by identifying the multiple components associated with each activity. Precedence Diagramming Method - CORRECT ANSWER Also referred to as Activity-on-Node (AON) technique, this method uses "Nodes" to represent activities and "Arrows" to show dependencies, while constructing a Project Schedule Network diagram. corrective action - CORRECT ANSWER intentional activity that realigns the performance of the project Preventive action - CORRECT ANSWER An intentional activity that ensures the future performance of the project work is aligned with the project management plan Defect repair - CORRECT ANSWER intentional activity to modify a nonconforming product or product component. Updates - CORRECT ANSWER changes to formally controlled project documents, plans etc to reflect modified or additional ideas or content Project Management Information systems - CORRECT ANSWER Change request - CORRECT ANSWER a formal proposal to modify any document, deliverable and or baseline. Configuration identification - CORRECT ANSWER Configuration status accounting - CORRECT ANSWER Configuration Verification and audit - CORRECT ANSWER change log - CORRECT ANSWER used to document the changes that occur during a project, changes are communicated to the stakeholder and even the rejected changes are logged. Close Project/phase - CORRECT ANSWER is the process of finalizing all across the project mgmt process. Formal ending, provides lesson learned, release organizational resources. requirements mgmt plan - CORRECT ANSWER is a component of the project mgmt plan that describes how requirements will be analyzed, documented and managed. Scope Mgmt Plan - CORRECT ANSWER documents how the project scope will be defined and validated and controlled. Product Analysis - CORRECT ANSWER includes techniques such as product breakdown, systems analysis , requirements analysis ,systems engineering and value analysis. Alternatives Generations - CORRECT ANSWER develop as many potential options as possible in order to identify different approaches to execute and perform the work of the project. variety of techniques can be used such as brainstorming, lateral thinking, analysis of alternatives, etc. Project Scope statement - CORRECT ANSWER description of the project scope, major deliverable, assumptions, and constraints Project Exclusion - CORRECT ANSWER identifies what is excluded from the project, explicitly stating what is out of the scope of the project, help manage stakeholder expectation. Assumptions - CORRECT ANSWER a factor in the planning process that is considered to be true, real, or certain without proof or demonstration. Scope Baseline - CORRECT ANSWER is the approved version of a scope statement, WBS and is associated WBS dictionary, that can be changed only through formal change control procedures and is uses as a basis of comparison. Verified Deliverable - CORRECT ANSWER are project deliverable that are completed and checked for correctness through the control quality process. Inspection - CORRECT ANSWER include activities such as measuring, examining, and validating to determine whether work and deliverable meet requirements and product acceptance criteria. Control Scope - CORRECT ANSWER is the process of monitoring the status of the project and product scope and managing changes to the scope baseline. Variance Analysis - CORRECT ANSWER is a technique used for determining the cause and degree of difference between the baseline and actual performance Plan Schedule Mgmt - CORRECT ANSWER is the process of establishing the policies, procedures, and documentations for planning, developing, managing, executing, and controlling the project schedule Sequence activities - CORRECT ANSWER is the process of identifying and documenting among the project activities. key benefit is logical sequence of work to obtain the greatest efficiency given all project constraints. Precedence diagramming method - CORRECT ANSWER is a technique used for constructing a schedule model in which activities are represented by nodes and are graphically linked by one or more logical relationships to show the sequence in which the activities are to be performed. AON is a way of representing a Precedence diagram. Mandatory Dependencies - CORRECT ANSWER are those that are legally or contractually required or inherent in the nature of the work Discretionary Dependencies - CORRECT ANSWER are sometimes referred to as preferred logic, preferential logic or soft logic. External Dependencies - CORRECT ANSWER involve relationship between project activities and non project activities. Usually outside of the project teams control. Internal dependencies - CORRECT ANSWER involve precedence relationships between project activities and are generally inside the project teams control, Estimate activity resource - CORRECT ANSWER is the process of estimating the type and quantities of material, human resources, equipment, or supplies required to perform each activity. A resource Calendar - CORRECT ANSWER is a calendar that identifies the working days and shifts on which each specific resource is available Published Estimating Data - CORRECT ANSWER Several organizations routinely publish updated production rates and unit costs of resources for an extensive array of labor trades Estimate Activity Duration - CORRECT ANSWER process of estimating the number of wok periods needed to complete individual activities with estimated resources. Analogous Estimating - CORRECT ANSWER is a technique for estimating the duration or cost of an activity or a project using historical data from a similar project or activity . Cost less, less time consuming however less accurate Parametric Estimating - CORRECT ANSWER is an estimation technique in which an algorithm is used to calculate cost and duration based hon historical data and project parameter. Ex. 25 m of cable per hr, 1000 in 40 hrs. Develop Schedule - CORRECT ANSWER Plan Quality Mgmt - CORRECT ANSWER process of identify quality requirements and or standards for the project and its deliverable and documenting how the project will demonstrate compliance with quality requirements and or standards Perform quality assurance - CORRECT ANSWER process of auditing the quality requirements and the results form quality control measurements to ensure that appropriate quality standards and operational definitions are used control quality - CORRECT ANSWER process of monitoring and recording results of executing the quality activities to assess performance and recommended changes Quality - CORRECT ANSWER Grade - CORRECT ANSWER Precision - CORRECT ANSWER Accuracy - CORRECT ANSWER Cost of Quality - CORRECT ANSWER design of experiments - CORRECT ANSWER force field diagram - CORRECT ANSWER