PMP Exam Prep Vocabulary|| 55
QUESTIONS & CORRECT
SOLUTIONS(GRADED A)
critical chain method - ANSWER a schedule network analysis technique that allows the project team to
place buffers on any project schedule path to account for limited resources and project uncertainties
resource leveling - ANSWER a resource optimization technique
expectancy theory (also called Vroom's expectancy theory) - ANSWER theory that says employees'
efforts will lead to effective performance and the employees will be rewarded for accomplishments
Earned value management - ANSWER methodology that combines scope, schedule, and resource
measurements to assess project performance and progress
analogous estimating - ANSWER uses top-down estimating techniques
joint application design - ANSWER a type of facilitated workshop used in the software development
industry to bring business subject matter experts and the development team together to improve the
software development process
corrective action - ANSWER intentional activity that realigns the performance of the project work with
the project management plan
preventive action - ANSWER intentional activity that ensures future performance of project work is
aligned with project management plan
defect repair - ANSWER intentional activity to modify a nonconforming product or product component
, change request - ANSWER formal proposal to modify any document, deliverable, or baseline; may
include corrective action, preventive action, defect repair, and updates
product scope - ANSWER requirements that relate to product of project
project scope - ANSWER work project will do to deliver product of project; it encompasses product scope
decentralized contracting - ANSWER an environment where the project manager is assigned to one
project full-time and reports to the project manager
default letter - ANSWER letter is used to provide written notice to a person or organization that is in
default or breach of contract. That is, they have failed to meet the
obligations required in the contract.
performance reporting - ANSWER pulling together info from work performance reports and
communicating it with the appropriate stakeholders (under Manage Communications process)
scope verification - ANSWER process of formalizing acceptance of the project scope by the stakeholders.
It requires reviewing work products and results to ensure that all were completed correctly and
satisfactorily.
procurement statement of work (SOW) - ANSWER work to be done on each procurement that must be
as clear, complete, and concise as possible and include ALL work and activities seller is required to
complete; made in the Plan Procurement Management process
procurement management plan - ANSWER document which shows how procurements will be planned,
executed, controlled, and closed for the project; part of Plan Procurement Management process
fixed price (FP) contract - ANSWER contract where the goods, products, or services have well-defined
specs or requirements.
QUESTIONS & CORRECT
SOLUTIONS(GRADED A)
critical chain method - ANSWER a schedule network analysis technique that allows the project team to
place buffers on any project schedule path to account for limited resources and project uncertainties
resource leveling - ANSWER a resource optimization technique
expectancy theory (also called Vroom's expectancy theory) - ANSWER theory that says employees'
efforts will lead to effective performance and the employees will be rewarded for accomplishments
Earned value management - ANSWER methodology that combines scope, schedule, and resource
measurements to assess project performance and progress
analogous estimating - ANSWER uses top-down estimating techniques
joint application design - ANSWER a type of facilitated workshop used in the software development
industry to bring business subject matter experts and the development team together to improve the
software development process
corrective action - ANSWER intentional activity that realigns the performance of the project work with
the project management plan
preventive action - ANSWER intentional activity that ensures future performance of project work is
aligned with project management plan
defect repair - ANSWER intentional activity to modify a nonconforming product or product component
, change request - ANSWER formal proposal to modify any document, deliverable, or baseline; may
include corrective action, preventive action, defect repair, and updates
product scope - ANSWER requirements that relate to product of project
project scope - ANSWER work project will do to deliver product of project; it encompasses product scope
decentralized contracting - ANSWER an environment where the project manager is assigned to one
project full-time and reports to the project manager
default letter - ANSWER letter is used to provide written notice to a person or organization that is in
default or breach of contract. That is, they have failed to meet the
obligations required in the contract.
performance reporting - ANSWER pulling together info from work performance reports and
communicating it with the appropriate stakeholders (under Manage Communications process)
scope verification - ANSWER process of formalizing acceptance of the project scope by the stakeholders.
It requires reviewing work products and results to ensure that all were completed correctly and
satisfactorily.
procurement statement of work (SOW) - ANSWER work to be done on each procurement that must be
as clear, complete, and concise as possible and include ALL work and activities seller is required to
complete; made in the Plan Procurement Management process
procurement management plan - ANSWER document which shows how procurements will be planned,
executed, controlled, and closed for the project; part of Plan Procurement Management process
fixed price (FP) contract - ANSWER contract where the goods, products, or services have well-defined
specs or requirements.
