PMP Exam 2021 Flashcards Questions
and Answers with Complete Solutions
Actual Cost Correct Answer-The realized cost incurred for the work performed on an activity during a
specific time period
Organizational Breakdow
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PMP Exam 2021 Flashcards Questions
and Answers with Complete Solutions
Actual Cost Correct Answer-The realized cost incurred for the work performed on an activity during a
specific time period
Organizational Breakdown Structure Correct Answer-A hierarchical representation of the project
organization, which illustrates the relationship between project activities and the organizational units
that will perform those activities
Predecessor Activity Correct Answer-An activity that logically comes before a dependent activity in a
schedule.
Rework Correct Answer-An activity performed to correct a nonconforming product.
Three-Point Estimate Correct Answer-A mathematical technique employed to account for uncertainty in
cost or duration estimates, wherein a most likely, an optimistic and a pessimistic estimate are used.
Unknown-Unknown Correct Answer-A risk event that cannot be proactively identified or managed.
Work Package Correct Answer-The work defined at the lowest level of the work breakdown structure for
which cost and duration can be estimated
Attribute Sampling Correct Answer-A technique where a deliverable is tested against a standard and is
usually pass or fail.
Meetings Correct Answer-A gathering of a group of stakeholders to discuss, and/or decide the outcome,
of issues, or to share, transmit or receive information.
Control Schedule Correct Answer-The process of monitoring the current status of the project schedule,
determining the degree and cause of any variances, and recommending any necessary changes.
Project Management Correct Answer-The application of knowledge, skills, tools, and techniques to
project activities to meet the project requirements
Estimate Costs Correct Answer-The process to estimate the approximate amount of money needed to
complete each activity.
Plan Cost Management Correct Answer-The process to develop the cost management plan, which
contains all of the tools, methodologies, processes and procedures to plan, estimate, and monitor
spending on the project.
Reserve Analysis Correct Answer-The technique employed to compare the amount of reserve on hand,
to the amount of risk that remains.
Schedule Model Correct Answer-A representation of the plan for executing the project's activities,
including durations, dependencies, and other planning information, used to produce a project schedule
along with other scheduling artifacts
Conflict Correct Answer-A condition of disagreement that exists between two or more stakeholders.
Epic Correct Answer-This is an oversized backlog item that would need to be decomposed into smaller
component user stories to be completed within a single sprint?
Apportioned Effort Correct Answer-An activity w
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