PMBOK Definitions| 525 questions| with complete solutions

A set of conditions that is required to be met before deliverables are accepted. Correct Ans - Acceptance Criteria Products, results or capabilities produced by a project and validated by the customer as meeting acceptance criteria. Correct Ans - Accepted Deliverables Within the quality management system, [term] is an assessment of correctness. Correct Ans - Accuracy DDMCV Correct Ans - Acronym for Define, Develop, Monitor, Control, and Verify your project scope. ITTO Correct Ans - Acronym for Inputs, Tools & Techniques, Outputs PERT Correct Ans - Acronym for Project Evaluation Review Technique; a budgetary estimating technique. The process of obtaining team members, facilities, equipment, materials, supplies, and other resources necessary to complete project work. Correct Ans - Acquire Resources Obtaining human and material resources necessary to perform project activities. [Term] implies a cost of resources, and is not necessarily financial. Correct Ans - Acquisition Those risks that have been triggered and risk responses (planned or unplanned) are being implemented. [Terms] result in issues that must be dealt with. Correct Ans - Active Risks A distinct, scheduled portion of work performed during the course of a project. Smallest unit of work on the schedule. Correct Ans - Activity A characteristic of an activity needed for scheduling. Correct Ans - Activity Attribute The time in calendar units between the start and finish of a schedule activity. Correct Ans - Activity Duration or Duration The quantitative assessments of the likely number of time periods that are required to complete an activity. Correct Ans - Activity Duration Estimates A comprehensive list of all work efforts required to complete the project. Correct Ans - Activity List There are three main types: discrete, level of effort and apportioned effort. Correct Ans - Activity Type The realized cost incurred for the work performed on an activity during a specific time period. Correct Ans - Actual Cost (AC) 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. Correct Ans - Actual Duration A project life cycle that is iterative or incremental. Correct Ans - Adaptive Life Cycle A tool that gathers large amount of data and organizes them into groups based on their relationships to each other. Correct Ans - Affinity Diagram