Capm exam terms - Study guides, Class notes & Summaries

CAPM PRACTICE EXAM 4 Questions and Answers 2023/2024 (100%Verified). A001. All the following statements about time and materials contracts are true except: a. they are a hybrid type of arrangement that contains aspects of both costreimbursable and fixed-price arrangements b. the seller receives a profit in addition to being reimbursed for allowable costs c. the full value of the agreement is not defined at contract award d. the exact quantity of items to be delivered is not defined at contr...

CAPM-EXAM TERMS

CAPM-EXAM TERMS.

Project - ️️is a temporary endeavor undertaken to create a unique product, service or result. Definite beginning and an end. Project Management - ️️is the application of knowledge, skills, tools and techniques to project activities to meet the project requirements. operations - ️️Ongoing, repetitive, for sustaining business. Responsible for overseeing, directing and controlling business operations Operational Stakeholders - ️️Should be engaged and their needs identified....

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 TERMS

CAPM Exam Questions and Answers with Verified Solutions Project Life Cycle A series of phases that a project passes through from start to completion; a framework for managing the project. Can be predictive or adaptive with phases that may be sequential, iterative, or overlapping. Project Phase A collection of logically related project activities that produce one or more deliverable. Can be described by a variety of attributes that may be measurable and unique to a specific phase. Project Pha...

CAPM Exam Prep PMBOK 6th Edition Question and answers rated A+ 2024 Affinity Diagram - correct answer Can organize potential causes of defects into groups showing areas that should be focused on the most. These are a technique that allows large numbers of ideas to be classified into groups for review and analysis. Earned Value Analysis - correct answer Compares the performance measurement baseline to the actual schedule and cost performance. Integrates the scope baseline with the cost basel...

Project - Answer-is a temporary endeavor undertaken to create a unique product, service or result. Definite beginning and an end.