BOK Study guides, Class notes & Summaries

Contingency Correct Answer-An event or occurrence that could affect the execution of the project, which may be accounted for with a reserve. Contingency Reserve Correct Answer-Time or money allocated in the schedule or cost baseline for known risks with active response strategies. Constraint Correct Answer-A limiting factor that affects the execution of a project, program, portfolio, or process. Conformance Correct Answer-The degree to which the results meet the set quality requirements...

Select the best description of the planning process group The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve. The process(es) required to establish the scope of the project, refine the objectives, and define the course of action required to include in the project charter The process(es) performed to define a new project or a phase of an existin...

APM PMQ BoK 7Project targets - correct answer Time Cost Quality Risk Benefit Scope +Safety 3.1 Project management vs BAU - correct answer Projects: unique, transient, change. Time, cost quality. BAU: Repetitive process, ongoing. Projects: products and outputs BAU: Outcomes and benefits Projects: Specialist skills BAU: Functional skills 3.2 Programme Management - correct answer Group of related Ps Aligned to org/dept strategy Delivers outcomes (benefits) Benefits: Foc...

APM PMQ BoK 7 Exam with Verified Answers Graded A

You are the Project Manager for a large construction project. While reviewing the expenditures, you realize that you are 20% over budget. What process group are you working in? - correct answer Monitoring and Control What is the main benefit of a balanced matrix organization over a projectized organizational structure? - correct answer More efficient use of resources As the Sponsor on a large, multi-national hydroelectric power project, during the execution phase, your primary responsi...

NCMA CPCM Quiz - Contract Management Body Of Knowledge (CMBOK) Questions And Answers NCMA CPCM Quiz - Contract Management Body Of Knowledge (CMBOK) Questions And Answers

An element of the project scope statement is: A. Acceptance criteria. B. A stakeholder list. C. A summary budget. D. High-level risks. - correct answer A Reserves Analysis - correct answer Risk management method of determining contingency or management reserves for schedule Which document describes the necessary information to determine if a project is worth the required investment? A. Cost baseline B. Service level agreement C. Memorandum of understanding D. Business case ...

DMBOK2 Chapters 1-5_Hant (CDMP - Data Management Fundamentals Exam Questions on DMBoK2) Questions & Answers 2024!!

BABOK Exam with 100% correct answers 4+1 Model - ANSWER-Enterprise Architecture Model BPM - ANSWER-Business Process Management - BA perspective PERT - ANSWER-Program Evaluation & Review Technology - Statistical tool used in Project Management SMART - ANSWER-Specific Measurable Achievable Relevant Time bounded - Objectives characterics Tuckman's Model - ANSWER-Group devlopement - Forming Storming Norming Performing SOA - ANSWER-Services Oriented Architecture Une architecture...

You are the Project Manager for a large construction project. While reviewing the expenditures, you realize that you are 20% over budget. What process group are you working in? Correct Answer-Monitoring and Control What is the main benefit of a balanced matrix organization over a projectized organizational structure? Correct Answer-More efficient use of resources As the Sponsor on a large, multi-national hydroelectric power project, during the execution phase, your primary responsibilities...