CHAPTER 8 & 9 Flashcards
The realized cost incurred for work performed on an activity during a specific time period.
Actual Cost
The approved total budget for a project
Budget at Cost
Oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order
Constructive Change Order
A graphical display or chart that illustrates the results of a process over time
Control Chart
The measure of work performed expressed in terms of the budget authorized for that work
Earned Value
A project performance measurement technique that integrates Scope, Cost, and Schedule data.
Earned Value Management
A forecast of how much the project will cost upon completion
Estimate At Completion
The graphic displays of logic and flow of processes that help analyze how problems occur and how processes can be improves
Flowcharts
Reports that predict future project status and progress based on past information and trends
Forecasts
A bar graph of a distribution of variables
Histogram
The process of identifying, evaluating, and managing changes throughout a project’s life cycle
Integrated Change Control
A histogram that can help identify and prioritize problem areas
Pareto Chart
The authorized budget assigned to scheduled work
Planned Value
Reports that describe what the project team has accomplished during a certain period
Progress Reports
A chart that displays the history and pattern of variation of a process over time
Run Chart
A diagram that helps show if there’s a relationship between two variables
Scatter Diagram
The formal acceptance of the completed project deliverables by the customer or designated stakeholders
Scope Validation
A milestone activity that was completed later than originally planned
Slipped Milestone
Reports that describe where a project stands at a specific point in time
Status Reports
A technique used to separate data to see patterns in data
Stratification
The measure of the cost performance that must be achieved on the remaining work in order to meet a specified goal, such as the BAC or EAC
TCPI
To-Complete Performance Index
A gantt chart that compares planned and actual project schedule information
Tracking Gantt Chart
A deliverable that has been completed and checked for correctness as part of quality control
Verified Deliverable
The unplanned responses to risk events
Workarounds
