Chapter 6 Flashcards

1
Q

The degree to which a set of inherent characteristics fulfill requirements; also known as the conformance to requirements and fitness for use

A

Quality

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2
Q

When a project’s processes and products meet written specifications

A

Conformance to requirements

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3
Q

When a product can be used as it was intended

A

Fitness for use

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4
Q

Describes how the project team will implement quality policies. Its format and content vary based on the particular project and organizational needs.

A

Quality management plan

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5
Q

A standard of measurement; allows organizations to measure their performance in certain areas and compare over time or with other organizations

A

Metric

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6
Q

A graphical screen summarizing key project metrics

A

Project dashboard

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7
Q

Comparison of the cost of quality to the expected benefit

A

Cost-benefit analysis

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8
Q

A metric that looks at the total money spent during the project to avoid project failures and compares it to the total sum of money potentially spent after the project because of failures

A

Cost-of-quality analysis

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9
Q

Tool to determine various alternative solutions to a problem

A

Cause and effect diagrams

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10
Q

A diagram of the activities, sequence of steps, and branching possibilities that exist for a particular process

A

Flowcharts

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11
Q

Lists that organize data that will help with the collection of useful information about a potential problem

A

Checklists

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12
Q

Bar charts that show important sources of the cause of the problem

A

Pareto diagrams and histograms

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13
Q

Charts that show upper and lower acceptable limits for a particular output. If the output falls between the acceptable limits, quality has been established. If it falls outside the limits, the problem needs to be addressed

A

Control charts

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14
Q

A visual summary that examines cause-and-effect relationships between two variables that may be involved in the problem you are trying to identify

A

Scatterplot diagrams

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15
Q

To ensure that the requirements are met to the satisfaction of the customer and that the deliverables are ready to be used

A

The aim of quality management

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16
Q

A graphical representation of how authority and responsibility are distributed within the project

A

Project organizational chart

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17
Q

A matrix that maps the work of the project as described in the WBS to the people responsible for performing the work; can also be used to define general roles and responsibilities

A

Responsibility assignment matrix (RAM)

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18
Q

A type of responsibility assignment matrix that shows who does the work, who signs off on the work or has authority for it, who has the information necessary to complete the work, and who needs to be notified of the status/results of the work

A

RACI charts

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19
Q

A column chart that shows the number of resources required for or assigned to a project over time

A

Resource histogram

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20
Q

Describes when and how people will be added to and removed from a project; describes the number of and types of people needed to work on a project; describes how these resources will be acquired, trained, rewarded, and reassigned after their work on the project is completed

A

Staffing management plan

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21
Q

Used by many companies to help promote teamwork and to clarify team communications

A

Team charter

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22
Q

Meet customer requirements and expectations

A

Customer satisfaction

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23
Q

Planning for quality is more important than dealing with quality once the product is delivered

A

Prevention over inspection

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24
Q

Some examples of this type of quality metric are Total Quality Management and Six Sigma

A

Continuous improvement

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25
Q

Ultimately it’s up to management to enforce and provide adequate resources to ensure quality is met

A

Management responsibility

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26
Q

It’s usually more cost effective to spend money to prevent poor quality at the beginning of the project or during the project (referred to as internal failure costs). Once the product goes out to the customer, returns and warranties will cost the organization a lot more (referred to as external failure costs); Affects the project’s break-even point

A

Cost of quality

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27
Q

Involves generating, collecting, disseminating, and sorting project information

A

Project communications management

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28
Q

A document that guides project communications

A

Communications management plan

29
Q

Easy to use journals on the Web that allow users to write entries, create links, and upload pictures while allowing readers to post comments to particular journal entries

A

Blogs

30
Q

Used by some organizations as a part of their project website; includes four quadrants which show a project summary, financials, schedules, and issues.

A

Quad charts

31
Q

Involves determining strategies to effectively engage stakeholders in project decisions and activities based on their needs, interests, and potential impact

A

Stakeholder engagement planning

32
Q

Tightly bound and should be in agreement

A

Stakeholder engagement plan, communications management plan, and the resource management pan

33
Q

Negative risk

A

Threat

34
Q

Positive risk

A

Opportunity

35
Q

The degree of uncertainty one is willing to undertake in return for a reward; Determines the desire of risk

A

Risk appetite

36
Q

The degree of risk one can tolerate or withstand; Determines a range of risk

A

Risk tolerance

37
Q

A measure that defines the boundary of risk tolerance, or, the amount of risk that the organization is willing to take; Determines an upper ceiling

A

Risk threshold

38
Q

Predefined actions that the project team will take if an identified risk occurs

A

Contingency plans

39
Q

Developed for risks that have a high impact on meeting project objectives, and are put into effect if attempts to reduce the risk are not effective

A

Fallback plans

40
Q

Funds included in the cost baseline that can be used to mitigate cost or schedule overruns if known risks occur.

A

Contingency reserves or Contingency allowances

41
Q

An uncertainty that can have a negative or positive effect on meeting project deliverables

A

Risk

42
Q

Repeated at a scheduled frequency such as at the end of a phase or a milestone

A

Risk management planning

43
Q

Documents the procedures for managing risk throughout the life of a project

A

Risk management plan

44
Q

Funds held for unknown risks that are used for management control purpose. They are not part of the cost baseline, but they are part of the project budget and funding requirements.

A

Management reserves

45
Q

Specific, uncertain events that may occur to the detriment or enhancement of the project

A

Risk events

46
Q

A type of quantitative risk analysis technique

A

Monte Carlo analysis

47
Q

A type of qualitative risk analysis technique

A

Probability/Impact matrix

48
Q

A strategy to respond to negative risk: Remove the threat from the project, or, if possible, eliminate its cause.

A

Avoid

49
Q

A strategy to respond to negative risk: Put the outcome of the risk on someone else’s shoulders. For ex) insurance, third party to be responsible for the risk, etc.

A

Transfer/Share

50
Q

A strategy to respond to negative risk: Reduce the impact of the risk.

A

Mitigate

51
Q

A strategy to respond to negative risk: Some risk has to be ___

A

Accept

52
Q

A strategy to respond to positive risk: Use this strategy when the organization wants to make sure the opportunity is realized

A

Exploit

53
Q

A strategy to respond to positive risk: Use this strategy when an opportunity seems possible, but needs a little more encouragement from management to make it happen

A

Enhance

54
Q

A strategy to respond to positive risk: Use this strategy when the organization shares the risk or opportunity with an external entity

A

Share

55
Q

A strategy to respond to positive risk: Use this strategy when you ___ the consequences of the risk

A

Accept

56
Q

A document that contains results of various risk management processes, often displayed in a table or spreadsheet format; A tool for documenting potential risk events and related information and tracking the risks through the life of the project

A

Risk register

57
Q

Indicators or symptoms of actual risk events

A

Trigger

58
Q

The real or underlying reason a problem occurs

A

Root cause

59
Q

Mutually binding agreements that obligate the seller to provide the specified products or services, and obligate the buyer to pay for them

A

Contracts

60
Q

Involves estimating the internal costs of providing a product or service, and comparing that estimate to the cost of outsourcing

A

Make-or-buy analysis

61
Q

A type of contract used when the buyer and seller know exactly what is expected and there are no surprises. Not many companies like using this type of contract because somebody always feels like they have the short end of the deal.

A

Fixed-price contract

62
Q

A type of contract that involves payments to the seller for actual work performed. Usually these contracts are used when requirements are very loose or unknown

A

Cost-reimbursed

63
Q

A type of contract that is a combination of fixed-price and cost-reimbursable contracts. Because some areas of the project may be more easily estimated, the seller will provide a fixed-price amount for that part of the project and a cost-reimbursable contract for materials used. (for example)

A

Time-and-material contract

64
Q

A type of bid document; Describes what the buyer wants to procure from the seller and asks that the seller provide a solution to a problem and quote a cost to do the work

A

Request for proposal (RFP)

65
Q

A type of bid document; Typically used when the buyer knows what they want but needs more information from the supplier in terms of how the supplier will meet the requirements and how much it will cost

A

Request for quote (RFQ)

66
Q

A document created by the buyer to describe the material or service that the buyer wishes to purchase

A

Contract statement of work (SOW)

67
Q

A type of weighted scoring model which provides a systematic process for selecting suppliers based on numerous criteria (cost, quality, technology, past performance, etc.)

A

Supplier evaluation matrix

68
Q

A type of bid document; used when more information about the goods or services is needed.

A

Request for Information (RFI)

69
Q

A document prepared by the seller providing pricing for standard items that have been clearly identified by the buyer

A

Bid