← CAPM Terms 2 Test
5 Written Questions
5 Matching Questions
- Manage Stakeholder Expectations
- Program Evaluation and Review Technique (PERT)
- Procurement file
- Plan Quality
- Residual Risks
- a Risks that remain after planned responses have been implemented, as well as those that have been deliberately accepted.
- b The process of communicating and working with stakeholders to meet their needs and addressing issues as they occur. Project manager applies appropriate interpersonal skills to manage stakeholder expectations, for example, by building trust, resolving conflict, active listening and by overcoming resistance to change.
- c A technique for estimating that applies a weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.
- d Complete set of indexed contract documentation, including the closed contract, that is prepared for inclusion with the final project files
- e Documentation resulting from project activities. These files may also maintain records of other projects that are detailed enough to aid in developing cost estimates.
5 Multiple Choice Questions
- It is used to identify stakeholders that can provide information on detailed project and product requirements. It contains the following information regarding the identified stakeholders: identification information (name, designation, location, contact information, role in the project), assessment information (major requirements, main expectations, potential influence on the project, phase in the life cycle with most interest) and stakeholder classification (Internal/external, supporter/neutral/resistor, etc).
- Policies, guidelines and procedures that can help the project management team with various aspects of organizational planning.
- Process to monitor the status of the project to update the project budget and manage changes to the cost baseline.
- An uncertain event or condition that, if it occurs, has a positive or negative effect on the project objective.
- Defines the procedures by which project scope can be changed; includes paperwork, tracking systems and approval levels necessary for authorizing changes.
5 True/False Questions
Mandatory Dependencies (or Hard Logic) → A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet the requirements of each of the lower, more detailed pieces of work. These estimates are then aggregated into a total quantity for the component of work.
Forecasting → Includes all those activities designed to enhance the competencies of the project team members. Training can be formal or informal.
Critical Path Method → Calculates the theoretical early start and finish dates, and late start and finish dates, for all activities without regard to any resource limitations. This is done by performing a forward and backward pass analysis through the schedule network.
Staffing Requirements → Requests to expand or reduce project scope, modify policies/ processes/plans/procedures/costs and, if approved, can affect budgets or revise schedules. These change requests are processed through the Perform Integrated Change Control process.
External Dependencies → Activities that assist in developing/enhancing the ability of team members to work together effectively and contribute to the success of the project team. It improves the people skills, technical competencies, and overall team environment and project performance.