8-19 follow up Flashcards
Time or money allocated in the schedule or cost baseline for known risks with active response strategies. Does not need a change request to be utilized for known risks.
Contingency reserves
A technique where a a series of input variables are examined in relation to their corresponding output results in order to develop a mathematical or statistical relationship
Regression analysis
A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables
Tornado diagram
Process of using existing knowledge and creating new knowledge to achieve the project’s objectives and contribute to organizational learning
Manage project knowledge (output Lesson Learned register)
A project document used to record knowledge gained during a project so that it can be used in the current project and entered into the lessons learned repository
Lessons learned register
A quality management and control tool used to perform data analysis within the organizational structure created in the matrix. It seeks to show the strength of relationships between factors, causes, and objectives that exist between the rows and columns that form a matrix
matrix diagram
A technique that allows large numbers of ideas to be classified into groups for review and analysis
affinity diagram
meeting held at the end of an iteration to discuss what happened and what can improve
retrospective
An analytical technique to determine the essential features and relationships of componenets in the project management plan to establish a reserve for the schedule duration, budget, estimated cost, or funds for a project.
reserve analysis
Contains details of identified risks as well as potential risk owners and potential risk responses and is an output of the identify risk process
risk register
An amount of the project budget or project schedule held outside of the performance baseline for management control purposes, that is reserved for unforeseen work (unknown, unknowns) that is within the scope of the project.
Management reserves
A store of historical information about lessons learned in projects
Lessons learned repository
A hierarchical representation of resources by category and type
Resource breakdown structure
A grid that shows the project resources assigned to each work package
Responsibility Assignment Matrix (RAM) typically a RACI chart
Flow chart
Pareto chart
