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CAPM > CAPM Keywords > Flashcards

CAPM Keywords Flashcards

To memorize key terms from glossary in PMBOK 6th edition.

1
Q

Within the quality management system, this is an assessment of correctness.

A

Accuracy

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2
Q

The process of obtaining team members, facilities, equipment, materials, supplies, and other resources necessary to complete project work.

A

Acquire Resources

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3
Q

Obtaining human and material resources necessary to perform project activities. *It applies a cost of resources, and is not necessarily financial.

A

Acquisition

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4
Q

A distinct, scheduled portion of work performed during the course of a project.

A

Activity

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5
Q

AON

A

Activity-on-Node (AON)

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6
Q

The realized cost incurred for the work performed on an activity during a specific time period.

A

Actual Cost (AC)

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7
Q

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 data if the schedule activity is complete.

A

Actual Duration

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8
Q

A project life cycle that is iterative or incremental.

A

Adaptive Life Cycle

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9
Q

A technique that allows large numbers of ideas to be classified into groups for review and analysis.

A

Affinity Diagrams

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10
Q

Any document or communication that defines the initial intentions of a project.

A

Agreements

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11
Q

A technique used to evaluate identified options in order to select the options or approaches to use to execute and perform the work of the project.

A

Alternative Analysis

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12
Q

A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project.

A

Analogous Estimating

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13
Q

Various techniques used to evaluate, analyze, or forecast potential outcomes based possible variations of project or environmental variables and their relationships with other variables.

A

Analytical techniques

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14
Q

A factor in the planning process that is considered to be true, real, or certain, without proof or demonstration.

A

Assumption

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15
Q

A project document used to record all assumptions and constraints throughout the project life cycle.

A

Assumption log

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16
Q

Method of measuring quality that consists of noting the presence (or absence) of some characteristic (attribute) in each of the units under consideration.

A

Attribute Sampling

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17
Q

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.

A

Backward Pass

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18
Q

A graphic display of schedule-related info.

A

Bar chart

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19
Q

The approved version of a work product that can be changed only through formal change control procedures and is used as a basis for comparison to actual results.

A

Baseline

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20
Q

Supporting documentation outlining the details used in est. project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels.

A

Basis of Estimates

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21
Q

A method of estimating project duration or cost by aggregating the estimates of the lower-level components of the work breakdown structure (WBS).

A

Bottom-Up Estimating

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22
Q

The sum of all budgets established for the work to be performed.

A

Budget at Completion (BAC)

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23
Q

A documented economic feasibility study used to establish validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities.

A

Business Case

24
Q

The net quantifiable benefit derived from a business endeavor. The benefit may be tangible, intangible, or both.

A

Business Value

25
Q

A decomposition technique that helps trace an undesirable effect back to its root cause.

A

Cause and Effect Diagram

26
Q

A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved or rejected.

A

Change Control

27
Q

A set of procedures that describes how modifications to the project deliverables and documentation are managed and controlled.

A

Change Control System

28
Q

A formal proposal to modify a document, deliverable or baseline.

A

Change Request

29
Q

A technique for systematically reviewing materials using a list for accuracy and completeness.

A

Checklist Analysis

30
Q

A tally sheet that can be used as a checklist when gathering data.

A

Checksheets

31
Q

The process of finalizing all activities for the project, phase or contract.

A

Close Project or Phase

32
Q

The process(es) performed to formally complete or close a project, phase, or contract.

A

Closing Process Group

33
Q

A numbering system used to uniquely identify each component of the work breakdown structure (WBS).

A

Code of Accounts

34
Q

The process of determining, documenting, and managing stakeholder needs and requirements to meet project objectives.

A

Collect Requirements

35
Q

A systematic procedure, technique, or process used to transfer information among project stakeholders.

A

Communication Methods

36
Q

A description, analogy, or schematic used to represent how the communication process will be performed for the project.

A

Communication Models

37
Q

An analytical technique to determine the info. needs of the project stakeholders through interviews, workshops, study of lessons learned from previous projects, etc.

A

Communication Requirements Analysis

38
Q

A component of the project, program, or portfolio management plan that describes how, when, and by whom info. about the project will be administered and disseminated.

A

Communications Management Plan

39
Q

The process of obtaining seller response, selecting a seller, and awarding a contract.

A

Conduct Procurements

40
Q

A component of the PM plan that describes how to identify and account for project artifacts under configuration control, and how to record and report changes to them.

A

Configuration Management Plan

41
Q

A collection of procedures used to track project artifacts and monitor and control changes to these artifacts.

A

Configuration Management System

42
Q

A visual depiction of the product scope showing a business system (process, equip., computer system, etc.) and how people and other systems (actors) interact with it.

A

Context Diagrams

43
Q

An event or occurrence that could affect the execution of the project that may be accounted for with a reserve.

A

Contingency

44
Q

Time or money allocated in the schedule or cost baseline for known risks with active response strategies.

A

Contingency Reserve

45
Q

Responses provided which may be used int the event that a specific trigger occurs.

A

Contingent Response Strategies

46
Q

Comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed.

A

Control

47
Q

A management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement.

A

Control Account

48
Q

The area composed of three standard deviations on either side of the centerline or mean of a normal distribution of data plotted on a control chart, which reflects the expected variation in the data.

A

Control Limits

49
Q

Summing the lower-level cost estimates associated with the various work packages for a given level within the project’s WBS or for a given cost control account.

A

Cost Aggregation

50
Q

A component of a project or program management plan that describes how costs will be planned, structured, and controlled.

A

Cost Management Plan

51
Q

All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements

A

Cost of Quality (CoQ)

52
Q

A measure of the cost efficiency or budgeted resources expressed as the ratio of earned value to actual cost.

A

Cost Performance Index (CPI)

53
Q

A type of cost-reimbursable contract where the buyer reimburses the seller for the seller’s allowable costs, and the seller earns its profit if it meets defined performance criteria.

A

Cost Plus Incentive Fee Contract (CPIF)

54
Q

A type of contract involving payment to the seller for the seller’s actual costs, plus a fee typically representing the sellers’ profit.

A

Cost-Reimbursable Contract

55
Q

The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and the actual cost.

A

Cost Variance (CV)

56
Q

A technique used to shorten the schedule duration for the least incremental cost by adding resources.

A

Crashing

57
Q

The process of subduing project deliverables and project work into smaller, more manageable components

A

Create WBS

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