7/5 Study Session - Prepcast

Question 1

What does a typical WBS consist of, what are its components?

Answer 1

• control accounts
• work packages
• planning packages

Question 2

What are work packages broken down into?

Answer 2

activities

Question 3

Where are performance reports drawn from in a WBS where scope, costs, and schedule are integrated and measured called?

Answer 3

control accounts
high-level reporting needs requested by the executive managers throughout an organiziation, used earned value management metrics.

Question 4

What is the lowest level of the WBS?

Answer 4

work package

Question 5

WHat represent the work that has not yet been broken down to the work package level?

Answer 5

planning package

Question 6

What are the outputs of the Determine Budget process?

Answer 6

• Cost baseline
• Project funding requirements

Question 7

What are funds that are included in the cost baseline plus manaagement reserves?

Answer 7

project funding requirements

Question 8

What is the difference between the earned value and the actual cost?

Answer 8

cost variance

Question 9

What is the component of the project management plan that describes how costs will be planned, structured, and controlled?

Answer 9

cost management plan
does not specify a budget for the project

Question 10

What is the approved version of the time-phased project budget, excluding any management reserves?

Answer 10

cost baseline
includes contingency reserve

Question 11

What are the key components of a WBS

(D, SD, WP, CA, WD)

Answer 11

• Deliverables - final products, services or results
• Sub-deliverables - smaller components
• Work packages - smallest components
• Control accounts - the points in the WBS where dost and scheudle performance are measured and managed
• WBS dictionary - doc that provided detaile dinfo about each component in the the WBS

Question 12

What method of estimating is used to estimate by aggegating costs at the lower-level components of te WBS?

Answer 12

Bottom-up estimating

Question 13

What is an iterative planning technique in which the work to be accomplished in the near term is planned in detail, while the work to be completed in the future is planned at a higher level?

Answer 13

Rolling wave planning

Question 14

What is a technique used in software development where two programmers work together on the same task at the same computer?

Answer 14

pair programming

One programmer is responsible for writing the code while the other reviews each line of code as it is typed in. The two programmers switch roles frequently.

Question 15

What is an agile software development methodology that emphasizes teamwork, communication, simplicity, and feedback?

Answer 15

Extreme Programming (XP)

It is a collection of strategies for streamlining software development and operations, thereby improving quality, customer service, and time to market.

It uses simple programming, pair programming, testing, continuous integration and deployment, and customer involvement to deliver high-quality software quickly and efficiently.

Question 16

Which input for the Plan Scope Management process specifies the development framework for the project?

Answer 16

development approach (waterfall, iterative, adaptive, agile, hybrid)

Other inputs
* quality management plan
* project life cycle description

Question 17

What determines a series of phases that a project passes through form inception to the end?

Answer 17

project life cycle

Question 18

What is considered an element of the project management plan that defines what approach will be use for the project?

Answer 18

development approach

Question 19

What are two outputs of the Plan Scope Managment process?

Answer 19

1. Scope managment plan
2. Requirements management plan

Question 20

What data analysis technique is associated with the Monitor Risks processs utilizes the technical performance measurement of transaction times?

Answer 20

technical performance analysis

compares technical accomplisments during project executio to the schedule of technical achievement. TPM may include weight, transaction times, number of delivered defects, storage capacity etc.

A deviatin can indicate potential impact of threats and opportunities.

Question 21

What is an analysis technique where a computer model is iterated many times and outputs are generated ot represent the range of possible outcomes for the project?

Answer 21

Monte Carol simulation

Question 22

What is an analysis technique that utilizes a deicision matrix to provide a systematic analytical approach for estabilishing critierea, such as risk levels, uncertaintly, and valuation to evaluate and rank many ideas?

Answer 22

Multicriteria decision analysis

Question 23

What process numerically analyszes the combined effect of identified individual project risks and other sources of uncertaintly on overall project objectives?

Answer 23

Perform Quantitative Risk Analysis

Question 24

An EAC is an example of what?

Answer 24

An estimate at completion is an example of a cost forecast

Question 25

Cost forecasts are an output of what process?

Answer 25

Control Cost process

Question 26

What is an approved version of the time-phased project budget?

Answer 26

Cost basesline does not include management reserves

Question 27

What are quantitative assessments of the likely number of time periods that are required to complete an activity?

Answer 27

Activity duration estimates

Question 28

What document contains high level information about roles and responsibilities?

Answer 28

project charter

Question 29

What is a project document that includes team member competencies and experience, roles and responsiblities for the project and activity assignments?

Answer 29

project team assignments output of the Acquire Resources process - prat of the Executing Process Group

Question 30

What project document proivdes the projet manager with the authority to use company resources and high-level information such as roles and responsibilities of key stakeholders?

Answer 30

project charter

Question 31

What project document identifies the types and quantities of resources required for each work package or activity in a work package?

Answer 31

Resource requirements output of the Estimate Activity process in the Planning Process Group

Question 32

How is quality managed on Agile projects?

Answer 32

Agile projects manage quality by scheduling regular retrospectives to check on the effectiveness of the quality process rather than quality audits (predictive). During a retrospective, root causes of issues are sought and new approaches are suggested to improve the developmentprocess in general and quality in particular.

Question 33

What is a structured independent process to determine if project activities comply with organizational and project policies, processes, and procedures?

Answer 33

quality audits

Question 34

In which process are the completed project deliverables formally accepted?

Answer 34

Validate Scope process Predictive, not performed in its tradition meaning when using Agile methodology.

Question 35

What is a Quality Control Matrix?

Answer 35

It is a made up term

Question 36

What do the principles of the Agile Manifesto state regarding change?

Answer 36

Changes to the scope in Agile projects are handled through the utilization of a prioritized product backlog. Adding or reprioritizing a feature in the product backlog contitutes wha a traditional project management is known as scope hange or scope creep. In Agile terminology it is called 'expected change'

Question 37

What contract type works best for staff augmentation, subject matter expertise, and when the precise statement of work cannot be defined?

Answer 37

Time & Materials

Question 38

This type of contract is typically used when the requirements are well defined, and no significant changes to the scope are expected?

Answer 38

fixed price contract

Question 39

What type of contract is used if the scope of work is expected to change significantly during the project?

Answer 39

Cost reimbursable