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89 Cards in this Set
- Front
- Back
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Three Point PERT Estimating Formula |
(O+4M+P)/6 |
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Performance Reviews |
Measure, Compare, and Analyze schedule performance such as actual start and finish dates, percent complete and remaining duration for work in progress. |
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Included in the WBS Dictionary |
- Cost Estimates
- List of Schedule Milestones - Contract Information |
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Activity Cost Estimate |
Assumptions about (COQ) cost of quality may be used to prepare the activity cost estimate. |
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Schedule Logic |
The use of leads and lags should NOT replace schedule logic. |
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Start to Start Predecessor Relationship |
When the initiation of the successor activity depends upon the initiation of the predecessor activity. |
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Plan-Do-Check-Act Cycle |
The basis for quality improvement as defined by Shewhart and refined by Deming |
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Cost of Quality |
Total cost of all efforts related to quality throughout the product life cycle. |
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Observations |
Observations provide a direct way of viewing individuals in their environment and how they perform their jobs or tasks and carry out processes. |
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Decomposition Process |
Involving team members in the decomposition process can provide a more accurate understanding of the work required to reach the deliverable . |
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Schedule Management Plan |
Describes how the schedule will be managed and controlled. |
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Estimating Project Cost |
When estimating project costs it is important to define whether indirect cost will be included in the estimate. |
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Feeding Buffers |
Placed at each point that a chain of dependent tasks not on the critical chain feeds into the critical chain. |
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Mandatory Dependencies |
The project team determines which dependencies are mandatory during the process of sequencing the activities. |
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Three Point Estimating Formula |
(O+M+P)/3 |
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Work Performance Information |
Include Information about project progress, such as which activities have started, their progress and which activities have finished. |
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Estimate Activity Resources
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process of estimating the type and quantities of material, people, equipment or supplies required to perform each activity.
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Project Management Plan |
Scope management plan, requirements management, and human resources plan are among the subsidiary plans developed and maintain throughout the project life cycle as part of the project management plan. |
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Project Schedule |
At a minimum includes a planned start date and planned finish date for each activity |
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Objective of Developing a Project Team |
- Improve knowledge and skills of team members in order to increase their ability to complete project deliverables - Improve feelings of trust and agreement to raise morale - Improve individual and team culture by creating a dynamic and cohesive team culture. |
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Authority |
refers to some on with the right to apply resources, make decisions, and sign approvals |
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Prototypes |
Because prototypes are tangible, they allow the stakeholder to experiment with a model of their final product rather than only discussing the abstract representations of their requirements.
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Continuous process improvement
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reduces waste and eliminates activities that do not add value.
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In performance reviews
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graphical analysis techniques are valuable for understanding performance to date and for comparison to future performance goals in the form of BAC versus EAC and completion dates.
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External dependencies
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are usually outside the team's control.
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Schedule performance measurements
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In the critical chain scheduling method we compare the amount of buffer remaining to the amount needed to protect the delivery data to understand the variance and determine if corrective action is appropriate.
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schedule model
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schedule data and calculations
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Bottom up estimating
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method of estimating a component of work.
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Milestone |
a significant point or event in the project |
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Manage Project Team |
Requires a variety of management skills for fostering team work and integrating the efforts of team members to create high-performance teams |
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Activities
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provide the basis for estimating, scheduling, executing, monitoring and controlling the project work.
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Earned value
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authorized work that has been completed, plus the authorized budget for such completed work.
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Delphi technique
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a way to reach a consensus of experts in risk identification
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control account
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management control point where scope, cost and schedule are integrated and compared to the earned value for performance measurement
There are frequently multiple work packages associated with a control account, but only one control account associated with each work package. |
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Quality control measurements
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results ofquality control activities and are used to analyze and evaluate the quality standards and processes of the performing organization.
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Precedence Diagramming Method (PDM)
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also referred to as Activity on Node or AON
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The Code of Ethics and Professional Conduct
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guides practitioners and describes expectations they can have of themselves and others in the field.
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network paths with a zero or positive total float
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Adjustments to activity durations, logical relationships, leads and lags, or other schedule constraints may be necessary to produce network paths with a zero or positive total float.
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duration estimates
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In duration estimates, the contingency reserve may be a percentage of the estimated activity duration, a fixed number of work periods, or developed by using quantitative analysis methods.
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content of the project management plan
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The project management plan should be tailored to the needs of the project as defined by its relative level of complexity and the application under which it falls.
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Develop Project Charter
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Summary budget, high-level requirements and high-level risks
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Activity duration estimates
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quantitative assessments of the likely number of work periods that will be required to complete an activity.
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Variance analysis as used in EVM
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compares actual project performance to planned or expected performance.
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Nominal group techniques
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allow ideas to be brainstormed in small groups and then be reviewed by a larger group.
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Common communication skills for general management and project management
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persuading a person or organization to perform and action and resolving conflict to prevent disruptive impacts |
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developing cost estimates
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Additional information that may be found in the scope baseline that includes requirements with contractual and legal implications are health, safety, security, performance, environmental, insurance, intellectual property rights, licenses and permits.
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schedule variance
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SV=EV-PV
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project scope statement
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The project scope statement may contain explicit scope exclusions that can assist in managing stakeholder expectations.
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Project Time Management
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Each process in Project Time Management occurs at least once in every project and occurs in one or more of the project phases, if the project is divided into phases.
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what-if scenario analysis
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The outcome of the what-if scenario analysis can be used to assess the feasibility of the project schedule under adverse conditions, or in preparing contingency and response plans to overcome or mitigate the impact of unexpected situations.
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Control Scope
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The Control Scope process is used to manage the actual changes when they occur and is integrated with the other control processes.
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Who is responsible for quality?
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The project manager and the project management team are responsible for managing the tradeoffs involved to deliver the required levels of both quality and grade.
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Activity duration estimates
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Activity duration estimates will affect cost estimates on any project where the project budget includes an allowance for the cost of financing and where resources are applied per unit of time for the duration of the activity.
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Run Chart |
A run chart shows the history and pattern of variation using a line graph that shows data points plotted in order of occurrence.
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Soft Skills |
Interpersonal skills are often referred to as "soft skills" and they are very important to team development
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Plan Procurement Management
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Plan Procurement Management identifies those project needs that can best be--or must be--met by acquiring products, services or results from outside of the project organization, versus those project needs that can be accomplished by the project team.
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development of requirements
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The development of requirements begins with an analysis of the information contained in the project charter and the stakeholder register.
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Project Cost Management
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Project Cost Management should consider the effect of project decisions on the subsequent recurring costs of using, maintaining or supporting the product, service or result of that project.
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earned value
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Earned value (EV) is the value of work performed expressed in terms of the approved budget assigned to that work for an activity or WBS component.
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Root cause analysis
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Root cause analysis is a specific technique used to identify a problem, uncover the underlying causes that lead to it and to develop preventive action.
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Project Stakeholders |
_______ are persons and organizations such as customers, sponsors, the performing organization, and the public, that are actively involved in the project, or whose interests may be positively or negatively affected by the execution or completion of the pr
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organizational process assets
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Because they are from previous projects, the examples provided must be considered organizational process assets.
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cost of preventing mistakes
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The cost of preventing mistakes is generally much less than the cost of correcting them once found.
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quality metrics
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On-time performance, budget control, defect frequency and failure rate are all examples of quality metrics.
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Analogous cost estimating
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Analogous cost estimating uses historical information and expert judgment.
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finalized and approved schedule
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The finalized and approved schedule is the baseline that will be used in the Control Schedule process.
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Expert judgment
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All of these are examples of the many sources who can provide expert judgment..
- Consultants - Stakeholders - Subject Matter Experts |
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Plan Risk Management
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Plan Risk Management is the process of defining how to conduct risk management activities for a project.
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fast tracking
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Fast tracking is the schedule compression technique in which phases or activities normally performed in sequence are performed in parallel.
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Estimate Activity Resources
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Estimate Activity Resources is the process of estimating the type and quantities of material, people, equipment or supplies required to perform each activity.
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Earned Value Measurement |
EVM develops and monitors 3 key dimensions for each work package and control account.
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Observation and conversation
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Observation and conversation are used to stay in touch with the work and attitudes of the project team members.
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Control Schedule process
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In the Control Schedule process, organizational process assets updates include causes of variances, corrective action chosen and lessons learned from project schedule control.
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organization process assets
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Both of these are organization process assets, which serve as inputs to the Cost Control process
- monitoring and reporting methods to be used - existing formal cost control procedures |
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industry specific examples
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The PMI Practice Standard for Work Breakdown Structure contains industry specific examples which can be tailored to specific projects in a particular application area.
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Contingency reserves
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Contingency reserves are allowances for unplanned but potentially required changes that can result from realized risks identified in the risk register.
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inspection
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An inspection is the examination of a work product to determine whether it conforms to the documented standards.
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organizational charts and position descriptions
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The objective of organizational charts and position descriptions is to ensure that each work package has an unambiguous owner and that all team members have a clear understanding of their roles and responsibilities.
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Crashing a project
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Crashing a project will not always produce a viable alternative and may result in increased risk and/or cost.
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EMV
Estimated Monetary Value |
EMV is a statistical analysis concept that calculates the average outcome when the future includes scenarios that may or may not happen.
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approved cost performance baseline
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The key to effective cost control is the management of the approved cost performance baseline and the changes in to that baseline.
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Control accounts
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Control accounts are placed at selected management points in the WBS.
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brainstorming
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The goal of brainstorming in risk identification is to obtain a comprehensive list of project risks.
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Pareto chart
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A Pareto chart is a specific type of histogram ordered by frequency of occurrence.
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risk
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Organizations perceive risk is the effect of uncertainty on their project and organizational objectives.
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work performance information
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Forecasts are generated, updated and reissued based on work performance information provided as the project is executed.
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Cost estimates
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Cost estimates can be presented in summary form or detailed form.
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Plurality
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Plurality is the group decision making method in which the largest block in a group makes the decision, even if a majority is not achieved.
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test |
test |
