PMP Fourth Edition

71 terms by LarryTabizon 

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Expert Judgement

The only tool and technique of "Develop Project Management Plan."

Repitition

Iteration is a fancy word for?

Continuously improving and detailing plans as more-detailed and specific information and more accurate estimates become available.

Progressive Elaboration Involves?

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

What is Project Management?

Initiate, Planning, Executing, Monitoring and Controlling, and Closing

The 5 Process Groups are?

often budget needs to be increased to add additional resources to complete the same amount of work in less time.

If a Schedule is shortened, then?

the scope or quality may be reduced to deliver a product in less time for same budgeting.

If a "Budget" increase is not possible, then?

Project Integration Management - Knowledge Area

"Develop Project Charter" is part of which Knowledge Area?

Project Integration Management - Knowledge Area

"Develop Project Management Plan" is part of which Knowledge Area?

Project Integration Management - Knowledge Area

"Direct and Manage Project Execution" is part of which Knowledge Area?

Project Integration Management - Knowledge Area

"Monitor and Control Project Work" is part of which Knowledge Area?

Project Integration Management - Knowledge Area

"Perform Integrated Change Control" is part of which Knowledge Area?

Project Integration Management. - Knowledge Area

"Close Project or Phase" is part of which Knowledge Area?

The activities needed to identify, define, combine, unify, and coordinate the various processes and project management activities within Project Management Process Groups.

The Knowledge Area "Project Integration Management" is defined as?

Project Scope Management - Knowledge Area

"Collect Requirements" is part of which Knowledge Area?

Project Scope Management- Knowledge Area

"Define Scope" is part of which Knowledge Area?

Project Scope Management - Knowledge Area

"Create WBS" is part of which Knowledge Area?

Project Scope Management - Knowledge Area

"Verify Scope" is part of which Knowledge Area?

Project Scope Management - Knowledge Area

"Control Scope" is part of which Knowledge Area?

The processes required to ensure that the project includes all the work required, and only the work required, to complete the project successfully.

The Knowledge Area "Project Scope Management" is defined as?

Defining "What Is" and "What is Not" included in the project.

Managing the project scope is usually concerned with?

Project Time Management - Knowledge Area.

"Define Activities" is part of which Knowledge Area?

Project Time Management - Knowledge Area.

The process "Sequence Activities" is part of which Knowledge Area?

Are not assessed as important because risks on the watchlist are assessed as not important and need to be watched only.

You have just taken over a project that has been running smoothly for seven months. As part of the risk register you see a watchlist, which typically includes risks that:

Obtaining human re-sources to complete the project

A good staffing management plan can include all of the following except:

A government imposed requirement.

The difference between a standard and a regulation is that a standard is a document established by consensus, and a regulation is:

Imposed dates and dictated milestones.

As a project team member you observe that the two categories of time constraints that need to be considered in schedule develop-ment are?

Decomposition.

As a project participant on a business process improvement project for a strategic business process, you notice the project manager is practicing rolling wave planning. Therefore, some new business process needs have only been identified as planning packages. A sub-team has been assigned the responsibility to detail out the deliverable expectations of one of these new planning packages. This process is also known as?

The project objectives.

As a project participant on a business process improvement project for a strategic business process, you notice that the information from the Work Breakdown Structure (WBS) is used to derive all of the following, except for?

Increase.

Excessive flexibility in specifying requirements will ____________ the likelihood of time overruns.

Formal written communications.

A project status report is an example of which form of communication?

Perform Quality Control.

As a project manager, you should have a working knowledge of sampling and probability tools, which are part of the __________________ Process?

A functional organization.

As the project manager on a soft-ware development project, your organization is broken up into departments, such as Accounting, Engineering, Production and Quality Control. This is an exam-ple of?

Request funds from management contingency reserves.

During your status review meetings with the project team, an issue was identified that would increase the work necessary to deliver on the project scope. As the project manager, you make the formal request to your sponsor to add more resources to resolve the issue in order to stay on schedule. The sponsor agrees which allows you to?

Management Reserve.

The difference between the maxi-mum funding and the end of the cost baseline is?

Critical chain.

Which scheduling method combines deterministic and probabilistic approaches, adds duration buffers and planned activities are scheduled to their latest possible start and finish dates?

Fast tracking.

You are in charge of a project to develop a prototype for a for a new product. Schedule is the driving constraint, i.e. , the completion date must be met. During the planning you determine that the lead time for some purchased parts would jeopardize the schedule completion date if they were to be purchased after the design phase is com-plete. To compress the schedule, you elect to purchase those parts before the design is complete. The approach you plan to use is known as?

$2,500.

Your project data shows that, at some point in the time during execution, the earned value (EV) is $10,000 and the actual cost (AC) is $7,500. The cost variance (CV) is?

Terms within the contract.

Requirements for contract closure are usually defined in the?

Control accounts.

WBS dictionary will include detail descriptions of work packages and _____________.

40% x 65% = 26%. Ref:PMBOK® Guide 3 2004, Chapter 11, Section 11.4.2

A project has a 40% chance of finishing on time and a 35% chance of finishing over budget. What is the probability that the project will finish on-time and within budget?

Review the risks involved in each make-or-buy decision.

In the Plan Purchases and Acquisitions process, it is a good practice to...

Project scope statement.

A key input to the Plan Purchases and Acquisitions process is the?

The effect of the quality plan on the maintenance costs of the product once delivered

As the project participant you observed the project manager developing the budget for a medical device project. You notice that one factor she considers is?

Assess which risk events are no longer a factor and those that are antici-pated for the new phase.

As the project manager on a large commercial development project, you have just completed the requirements phase of the project. Before the next phase of the project gets underway, you should?

The Process of reviewing all change requests, approving changes, and managing changes to the deliverables, organizational process assets, project documents, and project management plan.

The Definition of "Perform Integration Change Control" is?

Project Time Management - Knowledge Area.

The process "Estimate Activity RResources" is part of which Knowledge Area?

Project Time Management - Knowledge Area.

The process "Estimate Activity DDurations" is part of which Knowledge Area?

Project Time Management - Knowledge Area.

The process "Develop Schedule" is part of which Knowledge Area?

Project Time Management - Knowledge Area.

The process "Control Schedule" is part of which Knowledge Area?

The processes required to accomplish timely completion of the project.

The Knowledge Area "Project Time Management" is defined as?

Project Cost Management - Knowledge Area.

The process "Estimate Costs" is part of which Knowledge Area?

42

How many logically grouped project management processes are comprised in the 5 process groups?

By the degree to which the program satisfies the needs and benefits for which it was undertaken.

In a "Program" how is success measured?z

The centralized coordinated management of a program to acheive the program's strategic objectives and benefits.

What is the definition of "Program Management"?

Permanent

Operations are _____________ endeavors that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalized in the product life cycle.

Performance

Refers to what the project manager is able to do or accomplish while applying their project management knowledge.

Reduce project lead time.

What is the primary purpose of fastracking a project?

Both support a strategic plan.

How do projects and ongoing operations relate to an organizations strategic plan?

"Plan your work and work your plan."

A good way to remain flexible is to remember this saying?

Instill a spirit of performance within team members.

The goal of a manager is to?

Autocratic Leader.

This type of leader relies on authority and discipline? This leader is known as a theory X manager who believes that work is distasteful to subordinates.

Participative Leader.

Known as theory Y managers, this type of leader believes that working is a natural, basic human activity. They believe that if they involve people in the right way, they will succeed?

Situational Leader.

This type of leader uses delegation and empowerment to great effectiveness. In order to be this type of leader one must identify employee capability—called readiness, which is made up of knowledge, skill, confidence, and commitment.

Win-Win Situation.

A successful negotiation is not a win-lose situation but a?

Phase Exits, Milestones, Phase Gates or Kill Points.

When phases are sequential, the close of a phase ends with some form of transfer or handoff known as?

Project Governance

This type of phase provides a comprehensive, consistent method of controlling the project and ensuring its success?

Phase-to-Phase Relationships

It is when projects are mult-phased and the phases are part of a generally sequential process designed that ensures proper control of the project and attains the desired product, service or result?

A Sequential Relationship.

1 of 3 types of phase Phase-to-Phase relationships where a phase can only start once the previous phase is complete?

An Overlapping Relationship.

1 of 3 types of phase Phase-to-Phase relationships where the phase starts prior to completion of the previous one?

An Iterative Relationship.

1 of 3 types of phase Phase-to-Phase relationships where only one phase is planned at any given time, and the planning for the next is carried out as work progresses on the current phase and deliverables?

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