RAC DRUGS LATEST 2023/2024 CORRECT AND VERIFIED QUESTIONS AND
ANSWERS GRADED A+
1.A set of conditions that are met before deliverables are accepted.
Acceptance Criteria
2.The act of formally receiving or acknowledging something and regarding it as being true,
sound, suitable, or complete.
Accept
3.A distinct, scheduled portion of work performed during the course of a project.
Activity
4.An alphanumeric value assigned to each activity that enables classifying, sorting, and filtering.
Activity Code
5.A unique alphanumeric value assigned to an activity and used to differentiate that activity from
other activities.
Activity Identifier
6.A phrase that names and describes an activity. See also activity code and activity identifier.
Activity Label
7.The realized cost incurred for the work performed on an activity during a specific time period.
Actual Cost (AC)
8.A technique for estimating the duration or cost of an activity or a project using historical data
from a similar activity or project.
Analogous Estimating
9.An activity where effort is allotted proportionately across certain discrete efforts and not
divisible into discrete efforts.
,Apportioned Effort
10.A factor in the planning process considered to be true, real, or certain, without proof or
demonstration.
Assumption
11.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.
Backward Pass
12.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
Baseline
13.A method of estimating project duration or cost by aggregating the estimates of the lower‐
level components of the work breakdown structure (WBS).
Bottom‐Up Estimating
14The sum of all budgets established for the work to be performed.
Budget at Completion (BAC)
15.A process whereby modifications to documents, deliverables, or baselines associated with the
project are identified, documented, approved, or rejected
Change Control
16.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 Board
, 17.A set of procedures that describes how modifications to the project deliverables and
documentation are managed and controlled
Change Control System
18.A formal proposal to modify any document, deliverable, or baseline.
Change Request
19.A numbering system used to uniquely identify each component of the work breakdown
structure(WBS).
Code of Accounts
20.A component of the project, program, or portfolio management plan that describes how,
when, and by whom information will be administered and disseminated.
Communications Management Plan.
21.A collection of procedures used to track project artifacts and monitor and control changes to
these artifacts.
Configuration Management System
22.A limiting factor that affects the execution of a project, program, portfolio, or process
Constraint
23.A document describing actions that the project team can take if predetermined trigger
conditions occur.
Contingency Plan
24.Time or money allocated in the schedule or cost baseline for known risks with active response
strategies.
Contingency Reserve
ANSWERS GRADED A+
1.A set of conditions that are met before deliverables are accepted.
Acceptance Criteria
2.The act of formally receiving or acknowledging something and regarding it as being true,
sound, suitable, or complete.
Accept
3.A distinct, scheduled portion of work performed during the course of a project.
Activity
4.An alphanumeric value assigned to each activity that enables classifying, sorting, and filtering.
Activity Code
5.A unique alphanumeric value assigned to an activity and used to differentiate that activity from
other activities.
Activity Identifier
6.A phrase that names and describes an activity. See also activity code and activity identifier.
Activity Label
7.The realized cost incurred for the work performed on an activity during a specific time period.
Actual Cost (AC)
8.A technique for estimating the duration or cost of an activity or a project using historical data
from a similar activity or project.
Analogous Estimating
9.An activity where effort is allotted proportionately across certain discrete efforts and not
divisible into discrete efforts.
,Apportioned Effort
10.A factor in the planning process considered to be true, real, or certain, without proof or
demonstration.
Assumption
11.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.
Backward Pass
12.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
Baseline
13.A method of estimating project duration or cost by aggregating the estimates of the lower‐
level components of the work breakdown structure (WBS).
Bottom‐Up Estimating
14The sum of all budgets established for the work to be performed.
Budget at Completion (BAC)
15.A process whereby modifications to documents, deliverables, or baselines associated with the
project are identified, documented, approved, or rejected
Change Control
16.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 Board
, 17.A set of procedures that describes how modifications to the project deliverables and
documentation are managed and controlled
Change Control System
18.A formal proposal to modify any document, deliverable, or baseline.
Change Request
19.A numbering system used to uniquely identify each component of the work breakdown
structure(WBS).
Code of Accounts
20.A component of the project, program, or portfolio management plan that describes how,
when, and by whom information will be administered and disseminated.
Communications Management Plan.
21.A collection of procedures used to track project artifacts and monitor and control changes to
these artifacts.
Configuration Management System
22.A limiting factor that affects the execution of a project, program, portfolio, or process
Constraint
23.A document describing actions that the project team can take if predetermined trigger
conditions occur.
Contingency Plan
24.Time or money allocated in the schedule or cost baseline for known risks with active response
strategies.
Contingency Reserve
