PMP Exam 2021(latest update) Terminology correctly answered

PMP Exam 2021(latest update) Terminology correctly answered Regulation - correct answer A mandate, usually enforced by a government or public entity, that must be followed. Apportioned Effort - correct answer 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 answer 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 answer 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 answer The process to estimate the approximate amount of money needed to complete each activity. Resource Management Plan - correct answer 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 answer A distinct, scheduled portion of work performed during the course of a project. Agile Approach - correct answer An iterative project life cycle approach wherein the deliverables are defined at the beginning of each iteration. Project Scope - correct answer The work performed to deliver a product, service, or result with the specific features and functions.