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47 Cards in this Set

  • Front
  • Back
A temporary endeavor undertaken to create a unique product, service, or result.
Project
Developing in steps &continuing by increments; characteristic of projects.
Progressive Elaboration
A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
Program
A collection of projects & programs grouped together to facilitate effective mgmt of work to meet business objectives.
Portfolio
Phases that connect beginning to end of proj. Not the same as processes
Project Life Cycle
When is a projects level of uncertainty and failure risk highest?
At the beginning
The ability of stakeholders to influence a project is _____ at the start & gets progressively _____ as a project continues.
Highest
Lower
The cost of changes & correcting errors ______ as a project continues
Increases
A measurable, verifiable work product.
Deliverable
Set of interrelated actions/activities performed to achieve a prespecified set of products, services, or results.
Process
Specifying & creating project's product; typically defined by a project's life cycle & can vary by application area.
Product-oriented Process
A narrative desc. of products or services to be supplied by project.
Project Statement Of Work(SOW)
Formally initiates a proj, issued by sponsor, names PM, & confers authority to him.
Project Charter
The Project Charter outlines/includes...
Project Purpose
Objectives, Success Criteria & Requirements
Assumptions, Constraints, & Risks
Summary Schedule & Budget
Stakeholder List & Approval Requirements
Project Manager & Sponsor
What are the 2 Project Selection Methods
Benefit Measurement (comparative approaches, scoring models, benefit contribution, economic models)
Mathematical Models (Linear, NonLinear, Dynamic, Integer, Mulit-objective programming algorithms)
A set of process groups, their processes, and control functions.
Project Management Methodology
Automated tools to support information creation & dissemination.
Project Management Information System (PMIS)
Subsystem of PMIS; provides way to proposed changes, track systems for reviewing & approving changes, define approval levels for changes, & validate approved changes
Configuration Management System
Subsystem of config mgmt sys; documented procedures defining how project deliverables & documentation are controlled, changed & approved.
Change Control System
2 Types of Closure Procedures...
Administrative- Documents all activities for executing administrative closure for project, including lessons learned.
Contract- Documents all activities for executing closure of any project contracts.
Measures project performance moving through the project life cycle; forecasting tool that uses past performance to predict future performance.
Earned Value Technique (EVT)
Subdivision of project deliverables into small, more manageable components until work & deliverables are defined to the work package level.
Decomposition
Lowest level of the WBS; cost & schedule can be reliably estimated.
Work Package
A hierarchical breakdown of project org to depict work package by performing organizational unit.
Organizational Breakdown Structure (OBS)
A hierarchical, organized depiction of identified risk by risk category.
Risk Breakdown Structure (RBS)
A hierarchical, organized depiction of resources by type to be used.
Resource Breakdown Structure (RBS)
A grid that records product requirements & links each one to the deliverables that satisfy the requirements.
Requirements Traceability Matrix
Describes the project scope, major deliverables, assumptions, & constraints
Scope Statement
Approved version of the scope statement, WBS, & the WBS dictionary that can only be changed through the formal change control process
Scope Baseline
2 planning components when insufficient definition in WBS...
Control Account- Bassi for planning when associated work packages have not been developed.
Planning Package- Below control account but above work package level in WBS; for planning known work contect without detailed schedule activites.
All schedule activities planned to be performed on a project; not part of the WBS.
Activity List
Project Schedule Network Diagramming
Method 1 - Precedence Diagramming Method (PDM)
AON(activity on node) connecting activity nodes with arrows. 4 dependency types:
Finish to Start(FS)
Finish to Finish(FF)
Start to Start(SS)
Start to Finish(SF) *rarely used
Project Schedule Network Diagramming
Method 2 - Dependency Determination
4 attributes
Mandatory(inherent in work done, hard logic)
Discretionary(best practice,create arbitrary float values, preferred, soft logic)
External (non project activities)
Internal(project activities)
What are the 4 types of estimation?
Bottom-Up
Analogous
Parametric
Three-Point
Type of Time Estimation. When a schedule activity cannot be estimated to reasonable degree; work within schedule activity is decomposed, & an estimate is developed from a more detailed level.
Bottom-Up Estimate
Type of Time Estimation. Use actual duration of previous similar schedule activity as the basis for future schedule activity estimate.
Analogous Estimate
Type of Time Estimation. Multiplying quantity of work to be performed by productivity rate to estimate activity duration.
Parametric Estimate
Type of Time Estimation. Using an average of a most likely, optimistic (best-case), and pessimistic (worst case)
Three-Point Estimate
5 Schedule Network Analysis Techniques
Critical Path Method
Resource Leveling
Critical Chain Method
Schedule Compression
Crashing
Schedule Network Analysis Technique. Calculating early start & finish dates & late start & finish dates for all schedule activities without resource limiations by performing forward-pass & backward-pass analysis through project schedule network path.
Critical Path Method
Schedule Network Analysis Technique. Addressing schedule activities that need to be performed to meet specified dates, to address situations where shared or critical required resources are only available at certain times or are limited in quantity, or to keep resource usage at constant levels.
Resource Leveling
Schedule Network Analysis Technique. Modifying the project schedule to include buffers to account for limited resources.
Critical Chain Method
Schedule Network Analysis Technique. Shortening the project schedule without changing project scope; used on the critical path
Schedule Compression
Schedule Network Analysis Technique. Cost & Schedule trade-offs are analyzed to obtain the greatest amount of compression for least cost. More resources are added to the critical path. Does not always produce viable alternative or least cost.
Crashing
Sequential Phases or activities are performed in parallel; can increase risk & require rework.
Fast Tracking
The amount of time a successor activity can start before a predecessor activity completes. Leads allow some work to occur in parallel.
Lead
The amount of "forced wait" time after a predecessor activity completes before a successor activity can start. For example, pouring concrete requires drying time before it's possible to move to next step.
Lag