CAPM Exam Prep, PMI Questions, PMBOK 6th Edition - CAPM Prep, CAPM Exam Prep 2024

CAPM Exam Prep, PMI Questions, PMBOK 6th Edition - CAPM Prep, CAPM Exam Prep 2024 360-degree appraisal -Answer-A performance review completed by a person's peers, manager, and subordinates. It's called a 360-degree appraisal as it's a circle of reviews by people at different levels of an organization. Acceptance -Answer-This is a response to a risk event, generally made when the probability of the event and/or impact are small. It is used when mitigation, transference, or avoidance are not selected. Active listening -Answer-This occurs when the receiver confirms the message is being received by feedback, questions, prompts for clarity, and other signs of having received the message. Activity attributes -Answer-Activities that special conditions, requirement, risks, and other conditions should be documented. Activity cost estimates -Answer-The cost of resources including materials, services, and when warranted, labor should be estimated. Activity list -Answer-A listing of all of the project activities required to complete each project phase or the entire project. This list is an input to the project network diagram. Activity on node -Answer-A network diagramming approach that places the activities on a node in the project network diagram. Activity sequencing -Answer-The process of mapping the project activities in the order in which the work should be completed. Actual costs -Answer-The amount of funds the projects has spent to date. The difference between actual costs and earned value will reveal the cost variance. Adjourning -Answer-The final stage of team development; once the project is done, the team moves onto other assignments either as a unit or the project team ream is disbanded and individual team members go onto other work. Affinity diagram -Answer-Clusters like ideas together and allows for decomposition of ideas to compare and contrast project requirements. Analogous estimating -Answer-This relies on historical information to predict estimates for current projects. Analogous estimating is also known as top=down estimating and is a form of expert judgment. Application areas -Answer-The areas of discipline that a project may center upon. Consider technology, law, sales, marketing, and construction among many others. Assumption log -Answer-A document that clearly identifies and tracks assumptions that are made in the project. All assumptions need to be tested for their validity and the outcome of the test should be recorded. Autocratic -Answer-The project manager makes all of the decisions. Avoidance -Answer-This is one response to a risk event. The risk is avoided by planning a different technique to remove the risk from the project. Benchmarking -Answer-A process of using prior projects within or external to the performing organization to compare and set quality standards for processes and results. Benefit measurement methods -Answer-Project selection methods that compare the benefits of projects to determine which project the organization should select for investment.