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Exam (elaborations)

RAC DRUGS ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS COMPLETE STUDY GUIDE

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RAC DRUGS ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS COMPLETE STUDY GUIDE

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RAC DRUGS ACTUAL EXAM QUESTIONS
AND CORRECT ANSWERS COMPLETE
STUDY GUIDE

●● Accept
Answer: The act of formally receiving or acknowledging something and
regarding it as being true, sound, suitable, or complete.


●● Activity
Answer: A distinct, scheduled portion of work performed during the
course of a project.


●● Activity Code
Answer: An alphanumeric value assigned to each activity that enables
classifying, sorting, and filtering.


●● Activity Identifier
Answer: A unique alphanumeric value assigned to an activity and used
to differentiate that activity from other activities.


●● Activity Label
Answer: A phrase that names and describes an activity. See also activity
code and activity identifier.

,●● Actual Cost (AC)
Answer: The realized cost incurred for the work performed on an
activity during a specific time period.


●● Analogous Estimating
Answer: A technique for estimating the duration or cost of an activity or
a project using historical data from a similar activity or project.


●● Apportioned Effort
Answer: An activity where effort is allotted proportionately across
certain discrete efforts and not divisible into discrete efforts.


●● Assumption
Answer: A factor in the planning process considered to be true, real, or
certain, without proof or demonstration.


●● Backward Pass
Answer: A critical path method technique for calculating the late start
and late finish dates by working backward through the schedule model
from the project end date.


●● Baseline

,Answer: The approved version of a work product that can be changed
using formal change control procedures and is used as the basis for
comparison to actual results


●● Bottom‐Up Estimating
Answer: A method of estimating project duration or cost by aggregating
the estimates of the lower‐level components of the work breakdown
structure (WBS).


●● Budget at Completion (BAC)
Answer: The sum of all budgets established for the work to be
performed.


●● Change Control
Answer: A process whereby modifications to documents, deliverables, or
baselines associated with the project are identified, documented,
approved, or rejected


●● Change Control Board
Answer: A formally chartered group responsible for reviewing,
evaluating, approving, delaying, or rejecting changes to the project, and
for recording and communicating such decisions.


●● Change Control System

, Answer: A set of procedures that describes how modifications to the
project deliverables and documentation are managed and controlled


●● Change Request
Answer: A formal proposal to modify any document, deliverable, or
baseline.


●● Code of Accounts
Answer: A numbering system used to uniquely identify each component
of the work breakdown structure(WBS).


●● Communications Management Plan.
Answer: A component of the project, program, or portfolio management
plan that describes how, when, and by whom information will be
administered and disseminated.


●● Configuration Management System
Answer: A collection of procedures used to track project artifacts and
monitor and control changes to these artifacts.


●● Constraint
Answer: A limiting factor that affects the execution of a project,
program, portfolio, or process

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