Pmp

Front 1

What is a Records Management System?

Back 1

A specific set of processes, related control functions, and tools that are consolidated and combined to record and retain information about the project

Front 2

What is the Perform Quantitative Risk Analysis process?

Back 2

The process of numerically analyzing the effect of identified risks on overall project objectives

Front 3

What is Negative Float?

Back 3

The amount of time by which the early date (start or finish) of an activity exceeds its late date.

Front 4

What are Make-or-Buy Decisions?

Back 4

Decisions made regarding the external purchase or internal manufacture of a product

Front 5

What is Gold Plating?

Back 5

Giving the customer extras like extra functionality, high quality, better performance than what is part of the project requirements

Front 6

What is Code of Accounts?

Back 6

Any numbering system used to uniquely identify each component of the WBS

Front 7

What is Finish Date?

Back 7

The date of completion of a schedule activity, usually qualified by one of the following: actual, planned, estimated, scheduled, early, late, baseline, target, or current.

Front 8

What is an Imposed Date?

Back 8

A fixed date imposed on a schedule activity or schedule milestone, usually in the form of a 'start no later than' and 'finish no later than' date

Front 9

What is a Collective Bargaining Agreement?

Back 9

Written, legally enforceable contract for a specified period (usually 1 year), between organization and its employees represented by an independent trade union. It sets down and defines conditions of employment (wages, working hours, conditions, etc) and procedures for dispute resolution. Its is also called labor agreement, union agreement, or union contract

Front 10

What is Project Management?

Back 10

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements

Front 11

What is Cost of Non-Conformance?

Back 11

Failure costs (such as costs associated with rework, scrap, loss of business, and warranty)

Front 12

What is Manage Communications process?

Back 12

The process of creating, collecting, distributing, storing, retrieving, and the ultimate disposition of project information in accordance with the communications management plan.

Front 13

That is a Project Management Knowledge Area?

Back 13

A grouping of project management processes by areas of specialization

Front 14

What is Earned Value (EV)?

Back 14

The estimated (monetary) value of the work accomplished. It is also referred to as the budget cost of work performed (BCWP).

Front 15

That is Fast Tracking?

Back 15

A schedule compression technique that reduces the project duration by performing critical path activities in a parallel that were originally planned to be performed in sequence.

Front 16

What are Risk Audits?

Back 16

Examination and documentation of the effectiveness of risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.

Front 17

What is Cost Variance (CV)?

Back 17

It is the amount of budget deficit or surplus at a given point in time, and is expressed as the difference between earned value (EV) and actual cost (AC).

Front 18

What is a Project Management Plan?

Back 18

The document that describes how the project will be executed, monitored, and controlled.

Front 19

What is a Near-Critical Activity?

Back 19

A schedule activity that has low total float

Front 20

What is the Identify Risk process?

Back 20

The process of identifying the risks that may affect a project and documenting their characteristics.

Front 21

What are Prototypes?

Back 21

A method of obtaining early feedback on requirements by providing a working model (usually on a smaller scale) of the expected product before actually building it. They help customers visualize their end product and provide early feedback, and reduce the risks on the project

Front 22

What are Enterprise Environmental Factors?

Back 22

The external or internal factors, not under the immediate control of the team, that surround or influence a project's success. Examples include organizational culture, industry standards, marketplace conditions.

Front 23

What is Authority?

Back 23

The right to apply project resources, expend funds, make decisions, or give approvals.

Front 24

What is the Identify Stakeholders process?

Back 24

The process of identifying all people, groups or organizations that could impact or be impacted by the project, and documenting relevant information regarding their interests, involvement, and impact on project success.

Front 25

What is a Reserve?

Back 25

A buffer in the Project Management Plan to account for cost and/or schedule risk

Front 26

What is the Sequence Activities process?

Back 26

The process of identifying and documenting dependencies among the project activities, and arranging the activities in a logical order

Front 27

What is Networking?

Back 27

Establishing connections and relationships with other people from the same or other organizations

Front 28

Define Inspection

Back 28

Examining or measuring to verify whether an activity, component, product, result, or service conforms to specified requirements.

Front 29

Define Responsibility

Back 29

An assignment that can be delegated within a PM Plan such that the assigned resource incurs a duty to perform the requirements of the assignment.

Front 30

What is a Requested Change?

Back 30

A formally documented change request that is submitted for approval to the integrated change control process

Front 31

Define Stakeholder

Back 31

Person or organization (eg., customer, sponsor) that is actively involved in a project, or whose interests may be positively or negatively affected by the project

Front 32

What is the Plan Human Resource Management process?

Back 32

The process of identifying and documenting project roles, responsibilities, required skills, reporting relationships, and creating a staffing management plan

Front 33

What is a Project Life Cycle?

Back 33

A collection of phases, from concept to end-of-life, that a product passes through. A typical product life cycle many include the following phases: concept, definition, production, operation, and obsolescence.

Front 34

What is a Requirements Management Plan?

Back 34

A component of the Project Management Plan that describes how requirements will be analyzed, documented, and managed throughout the project.

Front 35

Who is a Risk Response Owner?

Back 35

An individual responsible for implementing a pre-planned response for a risk

Front 36

What is Budgeted Cost of Work Performed (BCWP)?

Back 36

An old term for Earned Value (EV)

Front 37

What is a Flowchart?

Back 37

A diagrammatic representation of the inputs, process actions, and outputs of one or more processes within a system

Front 38

What is Expected Monetary Value (EMV) Analysis?

Back 38

A statistical technique that calculates the profit or loss of an outcome based on different scenarios, by taking into consideration the probability of occurrence and the expected profit or loss from each scenario. It is commonly used in Decision Tree Analysis.

Front 39

What is Program Evaluation and Review Technique (PERT)?

Back 39

A technique for estimating, that applies a weighted average of optimistic, pessimistic, and most likely estimates where there is uncertainty with the individual activity estimates.

Front 40

What is Present Value (PV)?

Back 40

The current value of future cash flow, discounted to reflect the time value of money and other factors such as investment risk.

Front 41

What is a Bar Chart?

Back 41

A graphic display of schedule-related information. Schedule activities or work breakdown structure components are listed down the left side of the chart, dates are shown across the top, and activity durations are shown as date-placed horizontal bars.

Front 42

What is Pre-Assignment?

Back 42

Team members selected in advance are considered pre-assigned. Sometimes, pre-assigned resources are listed in the project charter itself.

Front 43

Define Referent Power.

Back 43

The power derived from personality traits or charisma

Front 44

What is a Project Schedule Network Diagram?

Back 44

A graphical representation of the logical relationships among the project schedule activities. Always drawn from left to right to reflect project chronology.

Front 45

What is a Work Package?

Back 45

A unit of work or deliverable at the lowest level of each branch on the WBS for which cost and duration can be estimated and managed.

Front 46

What is a Risk Register?

Back 46

The document that contains the list of identified risks along with their description, category, probability, impact, planned responses, owners and status.

Front 47

What is an Output?

Back 47

A product, result, or service generated by a process.

Front 48

What is Accountability?

Back 48

It is the acceptance of success or failure

Front 49

What is a Work Authorization?

Back 49

A process for sanctioning project work to ensure that the work is done by the person or organization, at the right time, and in the proper sequence.

Front 50

What is the Control Costs process?

Back 50

The process of monitoring project costs and managing changes to the cost baseline.

Front 51

What is Marginal Analysis?

Back 51

The process of weighing the benefits of an action against the incremental cost of performing the action.

Front 52

What is Progressive Elaboration?

Back 52

Continuously improving and detailing a plan as more detailed and specific information is available, and thereby producing more accurate and complete plans.

Front 53

Define Critical Path.

Back 53

In a project schedule network diagram, it is the longest path, and corresponds to the shortest duration to complete the project. It's duration determines the duration of the project.

Front 54

What is a Change Request?

Back 54

A formal proposal to modify any document, deliverable, or baseline. It may include corrective actions, preventive actions, defect repairs, and updates to project documentation and plans.

Front 55

What is Accuracy in the context of quality management?

Back 55

A measure of correctness

Front 56

What is Trend Analysis?

Back 56

A technique used for identifying patterns (or trends) in historical information, in order to predict future events.

Front 57

What is Sensitivity Analysis?

Back 57

A quantitative risk analysis and modeling technique used to help determine which risks have the most potential impact on the project. It examines the extent to which the uncertainty of each project element affects the objective being examined when all other uncertain elements are held at their baseline values. The typical display of results is int he form of a Tornado Diagram

Front 58

What is a Responsibility Assignment Matrix (RAM)?

Back 58

A grid that shows the project resources assigned to each work package

Front 59

What is a Reporting System?

Back 59

Facilities, processes, and procedures used to generate or consolidate reports from one or more information management systems and facilitate report distribution to project stakeholders.

Front 60

What is Performance Reporting?

Back 60

The act of collecting and distributing performance information, including status reports, progress measurements, and forecasts.

Front 61

What is Parametric Estimating?

Back 61

An estimating technique that uses a statistical relationship established based on historical data, to calculate and estimate for activity parameters, such as scope, cost, budget, and duration.

Front 62

Define Issue.

Back 62

Something in dispute or to be decided.

Front 63

Define Emotional Intelligence.

Back 63

The capability to identify, assess, and manage the personal emotions of oneself and other people, as well as the collective emotions of groups of people.

Front 64

What is a Control Chart?

Back 64

The display of the results of a process over time. Control Charts are used to determine whether a process is "in control" or in need of adjustment.

Front 65

What are Questionnaires and Surveys?

Back 65

Written sets of questions designed to quickly accumulate information from a large number of respondents.

Front 66

What is the Collect Requirements process?

Back 66

The process of defining and documenting the needs of the stakeholders in order to meet the project objectives

Front 67

What is the definition of Quality?

Back 67

The degree to which a set of inherent characteristics fulfills requirements.

Front 68

What is a Milestone Schedule?

Back 68

A project schedule in summary form that identifies major milestones

Front 69

What is What-If Scenario Analysis?

Back 69

A technique used to develop and control project schedule by assessing the feasibility of project schedule under various scenarios. It works by asking questions such as "what if scenario x happens?".

Front 70

What is Point of Total Assumption (PTA)?

Back 70

The total cost on a Fixed Price Incentive Fee (FPIF) contract, above which the seller bears all cost overruns.

Front 71

What is Design of Experiments (DOE)?

Back 71

A statistical method of identifying which factors may influence specific variable of a project or process under development or in production.

Front 72

What is a Schedule Performance Index (SPI)?

Back 72

A measure of schedule efficiency expressed as the ratio of Earned Value (EV) to Planned Value (PV).

Front 73

What is a Tornado Diagram?

Back 73

A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables.

Front 74

What is a Histogram?

Back 74

A vertical bar chart used to plot the frequency of occurrence of a particular problem or situation. It describes the central tendency, dispersion, and shape of a statistical distribution.

Front 75

What is a Time-Scaled Schedule Network Diagram?

Back 75

A project schedule network diagram in the form of a bar chart where bars represent activities, and the length of the bars represent activity durations.

Front 76

What are Communication Methods?

Back 76

Systematic procedures, techniques, or processes used to transfer information among project stakeholders.

Front 77

What is a Tool?

Back 77

Something tangible (eg scheduling software, simulation program, template, etc) that is used to perform an activity to produce a deliverable.

Front 78

What is a Resource Breakdown Structure?

Back 78

A hierarchical structure of project resources by resource category and type

Front 79

What is Crashing?

Back 79

A schedule compression technique that involves determining an approach that brings maximum reduction in project duration with least incremental cost and risk, and without changing the scope.

Front 80

What are Operations?

Back 80

Ongoing activities that produce repetitive outputs

Front 81

What is Backward Pass?

Back 81

A Critical Path Method (CPM) technique to calculate the late finish dates and late start dates by working backwards from the project's end date, in the schedule model.

Front 82

What is an Activity?

Back 82

A task performed within a project

Front 83

What is a Change Control Board (CCB)?

Back 83

A formally constituted group of stakeholders responsible for approving or rejecting changes to the project, and for recording and communicating the decisions taken.

Front 84

What is Failure Mode and Effect Analysis (FMEA)?

Back 84

An analytical procedure in which each potential failure mode in every component of a product is analyzed to determine its effect on the reliability and function of that component, product or system. For each potential failure, the effect and its impact is estimated, and actions are planned to reduce the probability of failure.

Front 85

What is the Weighted Milestone Method?

Back 85

An earned value method that divides a work package into measurable segments, each ending with an observable milestone, and then assigns a weighted value to the achievement of each milestone

Front 86

Define Policy.

Back 86

A structured pattern of actions adopted by an organization such that the organization's policy can be explained as a set of basic principles that govern the organization's conduct.

Front 87

Define Requirement.

Back 87

A condition or capability that is required to be present in a product, service, or result to satisfy a contract or other formally imposed specification.

Front 88

What is Schedule Data?

Back 88

The collection of information for describing and controlling the schedule.

Front 89

Define Duration (DU or DUR).

Back 89

The total number of work periods (days, weeks) excluding holidays or other nonworking periods, required to complete an activity

Front 90

What is a Risk Breakdown Structure (RBS)?

Back 90

A hierarchical organization of project risks by risk categories or sources of risk.

Front 91

What is Value Engineering?

Back 91

A product analysis technique to perform the same work at lesser cost. It is also known as Value Analysis or Value Management.

Front 92

What is Adaptive Life Cycle?

Back 92

A project life cycle that is intended to facilitate change and requires a high degree of ongoing stakeholder involvement. it is also iterative and incremental, but its iterations are very rapid (usually 2-4 weeks in length) and are fixed in time and resources.

Front 93

What are Procurement Audits?

Back 93

The review of contracts and contracting processes for completeness, accuracy, and effectiveness.