20Q 02 Flashcards
B
Cost Driver
is an activity, event, or item that causes a project cost to change.
Stress testing VS Load Testing :
Stress testing evaluates how much load a system can handle before it breaks down or fails, while load testing evaluates how much load a system can handle before it becomes slow or unresponsive. Both tests are important for ** measuring the performance and scalability of a system.**
Ressource Allocation meaning
is the process of assigning tasks and responsibilities to resources in order to achieve project objectives. This involves identifying the skills and experience of each resource and deciding what tasks are best suited for each individual.
Tool for team not reporting progress
Schedule Variance (SV) is a KPI that measures the difference between the actual progress and the planned progress of a project.
Outcomes of Use of traceability matrix
used to ensure that all requirements are tested and that all test cases are based on requirements.
Cost saving in Fixed Price Contracts are for WHO
In a fixed-price contract, any cost savings favor the contractor. The client has agreed for certain deliverables at a certain price and as long as these are delivered.
Any internal cost savings achieved by the contractor is their benefit.
Difference Award Fee VS Incentive fee
A Cost Plus Award Fee (CPAF) contract is used when the buyer wants to grant an award (fee) to the vendor based on performance metrics or other subjective criteria such as innovation.
If there is risk of not meeting the sprint goal. What to do
Whenever there is a risk of not meeting the sprint goal, it should be immediately discussed in the daily standup meeting and a collaborative solution should be found within the team.
Changes if Scrum has started
According to Scrum rules, no changes should be made that could endanger the Sprint Goal once the Sprint has started. If the Product Owner wants to change the priority, it should be considered for the next sprint, not the current sprint.
Disruptions during Sprints Y/N ?
The key concept in Scrum is to minimize the disruption during the sprint.
Interruptions like this might divert the focus of the team from their sprint goal.
The best thing is to suggest the stakeholder to participate in the upcoming sprint review meeting.
Fixed Price contracts when to use
FP contracts are best when the scope of work is clearly defined.
The cost risk is borne by the vendor as the price is fixed regardless of what the actual cost turns out to be.
some workers did not attend the mandatory safety training
Do not allow them in on the project until they attend the training
The best approach as per PMBOK is to ensure safety compliance for everyone involved in the project. Allow the workers in only after they attend the mandatory training
Which is a common challenge when allocating resources in a project?
Limited availability of resources
What techniques to prioritize for managing interdependent tasks, and optimal resource allocation tracking
Critical Path Method (CPM) & Resource Leveling.
Best tool for efficient management and allocation of shared resources in a central database
An Enterprise Resource Planning (ERP) System allows for efficient management and allocation of shared resources in a central database, providing real-time updates and visibility to all teams involved in the project.
