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PMP Vocabulary; Questions And Answers

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PMP Vocabulary; Questions And Answers Acceptance Correct Answer-The act of approving the deliverables. Acceptance is usually performed by the project manager and the customer or sponsor at the end of the project, project phases, or at predefined milestones. Acceptance of the product, servic...

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  • August 29, 2024
  • 45
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • pmp vocabulary questions and answers
  • acceptance correct answer the act of approving the

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  • PMP
  • PMP

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PMP Vocabulary; Questions And Answers
Acceptance Correct Answer-The act of approving the deliverables.
Acceptance is usually performed by the project manager and the customer or
sponsor at the end of the project, project phases, or at predefined milestones.
Acceptance of the product, service or result is formal.


Acquire Project Team Correct Answer-An executing process focused on
getting the right people to work on the project at the right time. Acquire Project
Team is executed according to the human resource plan.


Activity / Schedule Activity Correct Answer-An activity is a task that must be
performed in order to complete work on the project. Activities are created by
further decomposing work packages. The primary difference between a work
package and an activity is that a work package is a component of the scope and
describes some aspect of the deliverable, while an activity describes the work
that must be done in order to complete the work package.


Activity Attributes Correct Answer-The informational components that
accompany each schedule activity. These may include information on
dependencies, leads and lags, assignments, accountability, requirements,
constraints and assumptions.


Activity List Correct Answer-The list of all schedule activities to be
performed, derived by decomposing the work packages into their schedule
components. The activity list is a primary output of the Define Activities process.


Activity on Arrow (AOA) / Precedence Diagramming Method (PDM) Correct
Answer-A type of graphical network diagram where schedule activities are
represented by lines with arrows

, PMP Vocabulary; Questions And Answers
Activity on Node (AON) Correct Answer-A type of graphical project network
diagram where schedule activities are represented by nodes (usually rectangles),
and their interdependencies are represented by lines with arrows


Actual Cost (AC) / Actual Cost of Work Performed (ACWP) Correct Answer-A
term used in earned value management. Actual cost represents the amount that
has been spent by the project up to a point in time. It is often contrasted with
earned value to show the difference between the amount of value earned on
the project (represented by earned value) and what was spent to earn that
value (represented by the actual cost).


Administer Procurements Correct Answer-The monitoring and controlling
process performed by the buyer to ensure compliance by the seller or other
party. Administer Procurements compares performance against terms and
conditions specified in the contract to make certain that the seller meets his or
her contractual obligations. The seller's performance is typically rated or
evaluated by the buyer and is communicated back to the seller.


Allowable Costs Correct Answer-Costs that are allowed under the terms of
the contract. Typically, allowable costs become relevant under certain types of
cost-reimbursable contracts where the buyer reimburses the seller's allowable
costs. If there are non-allowable costs in a contract, the buyer is not obligated to
reimburse the seller for these.


Analogous Estimating / Top-Down Estimating Correct Answer-An estimating
technique that uses the historical information from previously performed
activities that are similar in nature, to estimate the effort, duration, or cost
needed to complete an activity.

, PMP Vocabulary; Questions And Answers
Arrow Diagramming Method Correct Answer-The method that produces
activity on arrow (AOA) diagrams


Assumption Correct Answer-Anything that is considered to be true while
planning. Assumptions should always be documented and validated, and they
are often closely linked to constraints.


Backward Pass Correct Answer-A technique used to calculate slack, or float,
that begins with the last node of a project network diagram and logically works
backward to the start. Using the backward pass technique, each schedule
activity's lates start and late finish dates are determined.


Baseline Correct Answer-The original approved scope, cost, or schedule, plus
all approved changes. Baselines represent the latest approved plan, and they are
especially useful for measuring how actual results deviate from the plan.


Bottom-Up Estimating Correct Answer-A technique for estimating overall
project duration, effort, or costs by estimating the lowest levels of the schedule
or work breakdown structure and aggregating those numbers up to the
summary nodes on the WBS. Bottom-up estimating is widely considered the
relatively accurate, but often tedious, technique for estimating.


Brainstorming Correct Answer-A technique to gather ideas that involves
getting ideas from many participants in a rapid-fire and non-judgmental
environment. Ideas are not evaluated until after they all ben gathered.


Budgeted at Completion (BAC) Correct Answer-The planned (budgeted)
amount for the total project. The BAC represents what the project should cost at
the point it is completed if everything proceeds according to plan.

, PMP Vocabulary; Questions And Answers

Buffer Correct Answer-Extra time or money added to the schedule or budget
to allow for unanticipated overruns. Buffers are useful since they allow for some
slippage without affecting the overall schedule or budget.


Cause-and-Effect / Ishikawa / Fishbone Diagram Correct Answer-Cause and
effect diagrams graphically show the relationships between causes and effects.
They are primarily used in risk and quality to help uncover the causes of risks,
problems, or issues.


Change Control Correct Answer-Deliberately managing change to a project,
whether that change is to the scope, cost, schedule, or quality baseline. In
change control, changes requests go through a formal process before they are
approved or rejected.


Change Control Board Correct Answer-A group with formal responsibility for
evaluating project change requests. The change control board makes up a part
of the overall change control system.


Change Control System Correct Answer-The procedures for evaluating and
managing requested changes to the project. This system varies from project to
project and from organization to organization.


Change Request Correct Answer-Any requested change to a documented
baseline


Charter Correct Answer-The document that formally starts the project. It is
created in the Develop Project Charter process. It authorizes the project

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