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PMP > Definitions and Terminologies > Flashcards

Definitions and Terminologies Flashcards

1
Q

This shows you a projected completion date based on the latest project date.

A

Burndown graph

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2
Q

This is an example of a parametric estimating

A

Dollars per module

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3
Q

Rough order of magnitude (ROM) estimate is made during which process group?

A

Initiating

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4
Q

What is an output of Determine Budget process?

A

Cost baseline

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5
Q

Value analysis is performed to get:

A

A less costly of doing the same work. It decreases cost while maintaining the same scope

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6
Q

These are not required to obtain estimates:

A

Change requests

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7
Q

Which estimating method tends to be most costly for creating a project cost estimate?

A

Bottom-up estimating

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8
Q

Does team velocity impact cost of the project

A

Yes

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9
Q

Which of the following are all items included in the cost management plan?

A
  1. Specifications for how estimates should be stated
  2. rules for measuring cost performance
  3. the level of accuracy needed for estimates
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10
Q

Earned value analysis is the basis for:

A

Performance reporting

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11
Q

The difference between the cost baseline and the cost budget can be described as:

A

The management reserves

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12
Q

The range on a control chart Is usually calculated based on

A

-3 or +3 sigma

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13
Q

During the Identify Risk process, The risk register includes:

A
  1. List of identified risks
  2. risk owners
  3. risk responses
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14
Q

The estimated value of work that’s completed/accomplished is called:

A

EV

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15
Q

The current actual cost incurred For the completed work is called:

A

Actual cost

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16
Q

The current forecast at work to finish the project is called:

A

ETC

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17
Q

The amount that was originally budgeted For the total project up for this called:

A

BAC

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18
Q

The six inputs to Monitor and control project work are:

A
  1. Project management plan
  2. Project documents
  3. Work performance information
  4. Agreements
  5. EEF
  6. OPA
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19
Q

What estimate is being figured When a project manager uses a range of -10 to +25 Percent from actual?

A

Budgeted estimate

20
Q

The budgeted estimate uses a range of:

A

-10 to +25 percent range

21
Q

What estimate is being figured When a project manager uses the range of -5 to +10% of actual work

A

Definitive estimate

22
Q

Definitive estimate uses the range of

A

-5 to +10 percent range

23
Q

What estimate is being figured when a project manager uses the range of -25% to +75% of actual work?

A

ROM - rough order of magnitude

24
Q

The rough order of magnitude has a range of

A

-25% to +75%

25
Q

The Monte Carlo analysis result in a:

A

Probability of distribution

26
Q

The decision tree involves:

A
  1. Expected monetary value (EMV)
  2. Mutual exclusivity
  3. Takes into account the impending events in making a decision today
27
Q

Conduct procurement involves:

A
  1. Selecting the seller and collecting their responses
  2. Awarding the contract
  3. Documenting lessons learned
28
Q

XP-inspired engineering practices include:

A
  1. Story cards
  2. Continuous integration
  3. Automated testing
  4. Refactoring
  5. Test driven development
29
Q

There are three types of communication:

A
  1. Interactive
  2. Push
  3. Pull
30
Q

Time-and-materials contracts resemble cost-reimbursable contracts in that

A

both are open-ended.

31
Q

A team charter is also referred to as:

A

social contract

32
Q

the lowest level of the WBS is called:

A

Work package

33
Q

It supports the WBS by including more detailed information for each WBS, work package or other WBS components:

A

WBS Dictionary

34
Q

The WBS dictionary is an output of the

A

Create WBS

35
Q

The WBS dictionary is an output of the Create WBS process and provides information such as the

A
  1. description of work
  2. schedule milestones
  3. quality requirements
  4. acceptance criteria for each work package
36
Q

Difference between Configuration Control and Change Control

A

Configuration control is focused on the specification of both the deliverables and the process, whereas change control is focused on identifying, documenting, and controlling changes to the project.

37
Q

This technique analyzes the interrelationships between different project variables that contributed to the project outcomes to improve performance on future projects

A

Regression Analysis

38
Q

This technique can be used to validate the models used in the organization and to implement adjustments for future projects OR When a project manager Wants to predict future performance Based on historical events

A

Trend analysis

39
Q

This technique can be used to improve the metrics of the organization by comparing what was initially planned and the end result

A

Variance analysis

40
Q

Assessing available documentation will allow identifying lessons learned and knowledge sharing for future projects and organizational assets improvement

A

Document analysis

41
Q

This – – – outlines the target benefits of the project

A

Benefits management plan

42
Q

This document the business need and the cost benefit analysis that justify the project

A

Business case

43
Q

In this decision making technique, one individual takes the responsibility for making the decision for the entire group

A

Autocratic decision making

44
Q

An intentional activity that realize the performance of the project work with the project management plan is called

A

Corrective action

45
Q

An intentional activity that ensures the future performance of the project work is aligned with the project management plan

A

Preventive action

46
Q

An intentional activity that modifies a nonconforming product or product components

A

Defect repair

47
Q

Changes to formally controlled project documents, plans, etc., to reflect modified or additional ideas or content is called:

A

Updates

PMP (15 decks)

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