CAPM PMBOK Glossary Exam Study Questions and Answers Graded A

Work Package - The work defined at the lowest level of the work breakdown structure for which cost and duration can be estimated and managed. Acceptance Criteria - A set of conditions that is required to be met before deliverables are accepted. Accuracy - Within the quality management system, accuracy is an assessment of correctness. Activity List - 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. Actual Cost (AC) - The realized cost incurred for the work performed on an activity during a specific time period. Adaptive Approach - A development approach in which the requirements are subject to a high level of uncertainty and volatility and are likely to change throughout the project. Affinity Diagram - A diagram that shows large numbers of ideas classified into groups for review and analysis. Affinity Grouping - The process of classifying items into similar categories or collections on the basis of their likeness. Agile - A term used to describe a mindset of values and principles as set forth in the Agile Manifesto. Alternatives Analysis - A method used to evaluate identified options in order to select the options or approaches to use to perform the work of the project. Ambiguity - A state of being unclear, having difficulty in identifying the cause of events, or having multiple options from which to choose. Analogous Estimating - A method for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Artifact - A template, document, output, or project deliverable. Assumption - A factor in the planning process that is considered to be true, real, or certain, without proof or demonstration. Assumption and Constraint Analysis - An assessment that ensures assumptions and constraints are integrated into the project plans and documents, and that there is consistency among them. Assumption Log - A project document used to record all assumptions and constraints throughout the project. Authority - The right to apply project resources, expend funds, make decisions, or give approvals. Backlog - An ordered list of work to be done. Backlog Refinement - Progressive elaboration of the content in the backlog and (re)prioritization of it to identify the work that can be accomplished in an upcoming iteration. Baseline - The approved version of a work product, used as a basis for comparison to actual results. Basis of Estimates - Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels. Benchmarking - The comparison of actual or planned products, processes, and practices to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance. Benefits Management Plan - The document explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program.