PMP Exam 2022 Terminology| 404 questions| with complete solutions

Regulation Correct Ans - A mandate, usually enforced by a government or public entity, that must be followed. Apportioned Effort Correct Ans - An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts. (Note: It is one of three earned value management [EVM] types of activities used to measure work performance) Control Costs Correct Ans - The process of monitoring cost performance on the project, determining the cause and degree of any variances and recommending any necessary changes. Expectancy Theory Correct Ans - This theory that hypothesizes an individual presumes to be rewarded for their work. They will remain motivated as long as the rewards meet their expectations and desires. Estimate Costs Correct Ans - The process to estimate the approximate amount of money needed to complete each activity. Resource Management Plan Correct Ans - A component of the project or program management plan that describes how the roles and responsibilities, reporting relationships, and staff management will be addressed and structured. Activity Correct Ans - A distinct, scheduled portion of work performed during the course of a project. Agile Approach Correct Ans - An iterative project life cycle approach wherein the deliverables are defined at the beginning of each iteration. Project Scope Correct Ans - The work performed to deliver a product, service, or result with the specific features and functions. Critical Path Activity Correct Ans - Any activity on the critical path in a project schedule. Risk Mitigation Correct Ans - A risk response strategy whereby the project team acts to reduce the probability of occurrence or impact of a risk. Project Expeditor Correct Ans - A staff assistant to a mid-level manager, has very little, if any, decision-making ability, and is primarily responsible for ensuring resources are available when needed. Gantt Chart Correct Ans - A bar chart of schedule information where activities are listed on the vertical axis, dates are shown on the horizontal axis, and activity durations are shown as horizontal bars placed according to start and finish dates.