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Certified Associate In Project Management (CAPM) – Qs & As
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Certified Associate In Project Management(CAPM) – Qs & As
Activity ✔️Ans - A distinct, scheduled portion of work performed during
the course of a project
Activity Code ✔️Ans - An alphanumeric value assigned to each activity
that enables classifying, sorting, and filtering. See also activity identifier and
activity label.
Activity Identifier ✔️Ans - A unique alphanumeric value assigned to an
activity and used to differentiate that activity from other activities. See also
activity code and activity label.
Activity Label ✔️Ans - A phrase that names and describes an activity. See
also activity code and activity identifier.
Actual Cost (AC) ✔️Ans - The realized cost incurred for the work
performed on an activity during a specified time period. See also budget at
completion (BAC), earned value (EV), estimate at completion (EAC), estimate
to complete (ETC), and planned value (PV).
Analogous Estimating ✔️Ans - A technique for estimating the duration or
cost of an activity or a project using historical data from a similar activity or
project. See also bottom-up estimating, parametric estimating, program
evaluation and review technique (PERT), and three-point estimating.
Apportioned Effort ✔️Ans - An activity where effort is allotted
proportionately across certain discrete efforts and not divisible into discrete
efforts [Note: Apportioned effort is one of three earned value management
(EVM) types of activities used to measure work performance. See also discrete
effort and level of effort.
Assumption ✔️Ans - A factor in the planning process considered to be
true, real, or certain, without proof or demonstration.
,Backward Pass ✔️Ans - 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 dates. See also forward pass.
Baseline ✔️Ans - The approved version of a work product that can be
changed using formal change control procedures and is used as the basis for
comparison to actual results. See also cost baseline, performance
measurement baseline, schedule baseline, and scope baseline.
Bottom-Up Estimating ✔️Ans - A method of estimating project duration
or cost by aggregating the estimates of the lower-level components of the
work breakdown structure (WBS). See also analogous estimating, parametric
estimating, program evaluation and review technique (PERT), and three-point
estimating.
Budget at Completion (BAC) ✔️Ans - The sum of all budgets established
for the work to be performed. See also actual cost (AC), earned value (EV),
estimate at completion (EAC), estimate to complete (ETC), and planned value
(PV).
Change Control ✔️Ans - A process whereby modifications to documents,
deliverables, or baselines associated with the project are identified,
documented, approved, or rejected. See also change control board and change
control system.
Change Control Board ✔️Ans - A formally chartered group responsible
for reviewing, evaluating, approving, delaying, or rejecting changes to the
project, and for recording and communicating such decisions. See also change
control and change control system.
Change Control System ✔️Ans - A set of procedures that describes how
modifications to the project deliverables and documentation are managed and
controlled. See also change control and change control board.
Change Request ✔️Ans - A formal proposal to modify a document,
deliverable, or baseline.
Code of Accounts ✔️Ans - A numbering system used to uniquely identify
each component of the work breakdown structure.
, Communications Management Plan ✔️Ans - A component of the project,
program, or portfolio management plan that describes how, when, and by
whom information will be administered and disseminated. See also project
management plan.
Configuration Management System ✔️Ans - A collection of procedures
used to track project artifacts and monitor and control changes to these
artifacts.
Constraint ✔️Ans - A factor that limits the options for managing a
project, program, portfolio, or process
Contingency Plan ✔️Ans - A document describing actions that the project
team can take if predetermined trigger conditions occur
Contingency Reserve ✔️Ans - Time or money allocated in the schedule
or cost baseline for known risks with active response strategies. See also
management reserve and project budget.
Control Account ✔️Ans - A management control point where scope,
budget, actual cost, and schedule are integrated and compared to earned value
for performance measurement.
Corrective Action ✔️Ans - An intentional activity that realigns the
performance of the project work with the project management plan. See also
preventive action.
Cost Baseline ✔️Ans - The approved version of work package cost
estimates and contingency reserve that can be changed using formal change
control procedures and is used as the basis for comparison to actual results.
See also baseline, performance measurement baseline, schedule baseline, and
scope baseline.
Cost Management Plan ✔️Ans - A component of a project or program
management plan that describes how costs will be planned, structured, and
controlled. See also project management plan.
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