Definitions and Terminologies

Question 1

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

Answer 1

Burndown graph

Question 2

This is an example of a parametric estimating

Answer 2

Dollars per module

Question 3

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

Answer 3

Initiating

Question 4

What is an output of Determine Budget process?

Answer 4

Cost baseline

Question 5

Value analysis is performed to get:

Answer 5

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

Question 6

These are not required to obtain estimates:

Answer 6

Change requests

Question 7

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

Answer 7

Bottom-up estimating

Question 8

Does team velocity impact cost of the project

Answer 8

Yes

Question 9

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

Answer 9

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

Question 10

Earned value analysis is the basis for:

Answer 10

Performance reporting

Question 11

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

Answer 11

The management reserves

Question 12

The range on a control chart Is usually calculated based on

Answer 12

-3 or +3 sigma

Question 13

During the Identify Risk process, The risk register includes:

Answer 13

1. List of identified risks
2. risk owners
3. risk responses

Question 14

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

Answer 14

EV

Question 15

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

Answer 15

Actual cost

Question 16

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

Answer 16

ETC

Question 17

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

Answer 17

BAC

Question 18

The six inputs to Monitor and control project work are:

Answer 18

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

Question 19

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

Answer 19

Budgeted estimate

Question 20

The budgeted estimate uses a range of:

Answer 20

-10 to +25 percent range

Question 21

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

Answer 21

Definitive estimate

Question 22

Definitive estimate uses the range of

Answer 22

-5 to +10 percent range

Question 23

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

Answer 23

ROM - rough order of magnitude

Question 24

The rough order of magnitude has a range of

Answer 24

-25% to +75%

Question 25

The Monte Carlo analysis result in a:

Answer 25

Probability of distribution

Question 26

The decision tree involves:

Answer 26

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

Question 27

Conduct procurement involves:

Answer 27

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

Question 28

XP-inspired engineering practices include:

Answer 28

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

Question 29

There are three types of communication:

Answer 29

1. Interactive 2. Push 3. Pull

Question 30

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

Answer 30

both are open-ended.

Question 31

A team charter is also referred to as:

Answer 31

social contract

Question 32

the lowest level of the WBS is called:

Answer 32

Work package

Question 33

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

Answer 33

WBS Dictionary

Question 34

The WBS dictionary is an output of the

Answer 34

Create WBS

Question 35

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

Answer 35

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

Question 36

Difference between Configuration Control and Change Control

Answer 36

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.

Question 37

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

Answer 37

Regression Analysis

Question 38

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

Answer 38

Trend analysis

Question 39

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

Answer 39

Variance analysis

Question 40

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

Answer 40

Document analysis

Question 41

This – – – outlines the target benefits of the project

Answer 41

Benefits management plan

Question 42

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

Answer 42

Business case

Question 43

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

Answer 43

Autocratic decision making

Question 44

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

Answer 44

Corrective action

Question 45

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

Answer 45

Preventive action

Question 46

An intentional activity that modifies a nonconforming product or product components

Answer 46

Defect repair

Question 47

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

Answer 47

Updates