Book Notes Flashcards
Intiating, Planning, Executing, Monitoring and Controlling, and Closing
Predictive Process Life Cycle
5 Stages of Predictive Process Life Cycle
Intiating, Planning, Executing, Monitoring and Controlling, and Closing
Records of what the PM has planned, scheduled, and budgeted for in terms of scope, schedule, and cost performance.
Baselines
Baselines
Records of what the PM has planned, scheduled, and budgeted for in terms of scope, schedule, and cost performance. Used to compare project’s actual performance against what was planned.
When the earliest parts of a project are planned in detail and the later phases are planned at a higher level.
Rolling Wave Planning
The process of continually refining estimates and scope definition.
Progressive Elaboration
Feasibility, Initiation, Release Planning, Iterations, Close Out
Adaptive Process
Five stages of the adaptative process?
Feasibility, Initiation, Release Planning, Iterations, Close Out
Determines the potential profitability of an investment by calculating the benefits received in relation to the cost
Return on Investment
The value today of future cash flows - the project with the greatest PV is typically selected
Present Value
The present value of the total benefits (income or revenue) minus the costs over many time periods
Net Present Value
Analysis and research work that is completed to make sure a requested change or new product is feasible and will bring benefits or value to the organization and its customers.
Needs Assessment
Captures the business need - why the project was selected and how it fits into the organization’s strategic goals
Business Case
Captures the org’s desired benefits from the project and explains who the benefits will be maximized/sustained
Benefits Realization Plan
Document that authorizes the start of a project and provides the project manager with the authority to apply organizational resources to project activities.
Project Charter
Various records and files that are used throughout the project lifecycle to support project planning, execution, monitoring, and control. They provide detailed information and data that help manage the project effectively.
Project Documents
Used in agile project management - profile of a particular stakeholder who will use the product
Persona
Document the strategy and approach for managing the project and processes related to topics of scope, schedule, cost, quality, resources, communications, risk, procurement, and stakeholder engagement. “How-to” guides
Management Plans
Defines how the scope will be achieved, what tools will be used to plan how the project will accomplish scope, how the scope will be managed and controlled, and how acceptance of deliverables will be obtained.
Scope Management Plan
Describes techniques the PM intends to use in identifying requirements and how the requirements will be analyzed, prioritized, managed, and changes tracked.
Requirements Management Plan
Documents how a PM will plan, manage, and control the project to the schedule baseline, and how they’ll manage schedule variances.
Schedule Management Plan
Documents how to estimate, budget, manage, and monitor and control project costs for the project.
Cost Management Plan
Identifies all relevant organizational or industry practices, standards, and requirements for the quality of the project, the product of the project, and the project management efforts. Helps to ensure that the project and its outcomes meet the expected quality levels and satisfy stakeholder expectations.
Quality Management Plan
Plan for how and when resources will be added, managed, and released from project.
Resource Management Plan
