Spi relationships Study guides, Class notes & Summaries

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 Exam 260 Questions with Verified Answers 3 things that describe role of a PM ?? - CORRECT ANSWER 1. responsible for the final result of the team 2. need to integrate multiple disciplines 3. communicate with team Cost Management Plan has these 3 characteristics - CORRECT ANSWER 1. describes how project costs will be planned, structured, & controlled 2. may specify level of precision, degree to which activity cost estimates will be rounded up or down 3. may specify varia...

Initiation Process - ANSWER-Obtain authorization to start a new project or phase on an existing project Planning Process - ANSWER-Establish the scope of the project, refine the objectives and define the course of action required Executing Process - ANSWER-Complete the work defined in the project management plan to satisfy the project specifications Monitoring and Controlling Process - ANSWER-Track, review, and regulate the progress and performance of the project; identify areas which ch...

PMP 2022 Test Questions and answers, 100% Accurate, rated A+ Develop Project Charter - -The process of developing a document to formally authorize a project or phase; outlines the project objectives and defines the authority of the PM Develop Project Management Plan - -The process of defining, preparing, and coordinating all plan components and consolidating them into an integrated plan Direct and Manage Project Work - -The process of leading and performing the work defined in the pro...

ITS 381 ch.11/12. Examinable Questions and answers, rated A+ Which of the following might require re-baselining of the cost baseline? - -Budget updates You have accepted project performance to date and assume future work (ETC) will be performed at the budgeted rate. If BAC = 800, ETC = 275, PV = 300, AC = 200, EV = 250, and CPI = 1.25, what is the EAC? - -750 Your project progressed as planned until yesterday. Suddenly, an unexpected risk event occurred. You quickly devised a response ...

CAPM Exam Prep, PMI, PMBOK 6th Edition 1297 Questions with Verified Answers 360-degree appraisal - CORRECT ANSWER A performance review completed by a person's peers, manager, and subordinates. It's called a 360-degree appraisal as it's a circle of reviews by people at different levels of an organization. Acceptance - CORRECT ANSWER This is a response to a risk event, generally made when the probability of the event and/or impact are small. It is used when mitigation, transference, or av...

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...

The experiences of an organization's members are the basis for its _________. A. culture B. structure C. operations D. maturity - 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. operational, balanced matrix or iterative. D. composite, function...

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....