Wbs work packages are - Study guides, Class notes & Summaries

What is a project: - Answer- "A temporary endeavor undertaken to create a unique product, service, or result" What are four phases of project: - Answer- Initiating Planning Executing Concluding PMBOK: - Answer- Project Management Body of Knowledge Three Constraints of a Project: - Answer- Time Resources Cost Scope Statement: - Answer- Written confirmation of what the project will deliver Key document that bind you (the pm), the team and the projects sponsor. What se...

19 -CAPM Final Practice Exam 150 Questions with Verified Answers The processes required to define the scope of the project, refine the objectives, and determine the appropriate course of action to achieve the project objectives. A. Executing process group B. Monitoring and controlling process group C. Scoping process group D. Planning process group - CORRECT ANSWER Workbook, CAPM Final Practice Exam, page 210, #1 Answer: D The processes that track, review, and regulate the p...

CAPM Exam 196 Questions with Verified Answers Cost Variance formula - CORRECT ANSWER Earned Value (EV) - Actual Cost (AC) What are the 6 constraints? - CORRECT ANSWER Scope, Risk, Resources, Quality, Schedule, Budget Initiating (Process Group) - CORRECT ANSWER Processes performed to define a new PROJECT or a new PHASE of an existing project Planning (Process Group) - CORRECT ANSWER Processes performed to establish total scope of effort, define and refine objectives, and develop a cou...

CAPM Practice Exam 151 Questions with Verified Answers What includes the reasons for project initiation, objectives and a decision on the project? - CORRECT ANSWER Business Case Crashing - CORRECT ANSWER A technique used to shorten the schedule duration for the least incremental cost by adding resources. Fast-Tracking - CORRECT ANSWER A schedule compression technique in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duratio...

CAPM Practice 215 Questions with Verified Answers John is a project manager for a newly formed project team. The project team has worked hard for last 4 months and has taken very few leaves. John wants to motivate the team members by informing them that he can give a couple of paid leaves if they complete the Phase-1 deliverables on time. Which theory is applied by John to achieve the result? a) Achievement Theory b) Theory Y c) Expectancy Theory d) Contingency Theory - CORRECT ANSWER c...

CAPM PRACTICE EXAM 2|256 Questions with Verified Answers The experiences of an organization's members are the basis for its _________. A. culture B. structure C. operations D. maturity - CORRECT ANSWER The experiences of an organization's members are the basis for its _________. A= The culture of an organization is created by its members' experiences. Organizational structures can be: A.functional, strategic or balanced. B.functional, projectized or iterative. C....

The "triple constraint" of project management includes the controlling and management of: - ANSWER-Schedule, cost, and scope The following are all project management process groups: - ANSWER---Initiating --Executing --Monitoring Which of the following is critical for ensuring project success? - ANSWER-Organizational commitment Who has input to project initiation? - ANSWER-Stakeholders Project requirements must be all of the following: - ANSWER---Clear --Measurable --Prioritiz...

CAPM Practice Exam 430 Questions with Verified Answers D. Throughout the project lifecycle - CORRECT ANSWER When should Project Risk Management be conducted? A. Project Planning B. Monitoring and Controlling C. Quality Planning D. Throughout the project lifecycle B. procurement strategy - CORRECT ANSWER Once the make-or-buy analysis is completed, which document defines the project delivery method? A. Procurement statement of work (SOW) B. Procurement strategy C. Terms of refere...

CAPM PRACTICE EXAM 3|197 Questions with Verified Answers "QUESTION NO: 1 Power, urgency and legitimacy are attributes of which stakeholder classification model? salience influence/impact power/interest power/influence - CORRECT ANSWER Power, urgency and legitimacy are attributes of which stakeholder classification model? salience "QUESTION NO: 2 Through whom do project managers accomplish work? consultants and stakeholders stakeholders and functional managers project team...

The WBS is a ____________ grouping of project components - Answer-Product - oriented The WBS defines - Answer-work in terms of deliverables, and the decomposition of these deliverables into components WBS does not define - Answer-Sequence Duration Resources WBS levels - Answer-Are completely described in further detail by the level below it The work package activities that are defined by the WBS must be - Answer-Manageable Independent Measurable Work packages are defined by - ...