Day 3 Flashcards
What is the purpose of a Project Management Plan?
It defines how the project will be executed, monitored, controlled, and closed.
What are the key components of Scope Planning?
Requirements management, WBS, scope baseline, and change management plan.
What is a Work Breakdown Structure (WBS)?
A hierarchical decomposition of the total scope of work required to complete the project.
What are the types of requirements in scope planning?
Project, Product, Functional, Nonfunctional, Quality, Business, Stakeholder, and Transition/Readiness requirements.
What are common techniques for collecting requirements?
Interviews, surveys, focus groups, benchmarking, observation, and facilitated workshops.
What is the MoSCoW Method?
A prioritization technique categorizing requirements as Must have, Should have, Could have, and Won’t have.
What is a Risk Register?
A document that captures identified risks, their impact, and response strategies.
What is Monte Carlo Analysis?
A statistical technique used to assess project risks and forecast probable outcomes.
What is a Precedence Diagramming Method (PDM)?
A technique used to sequence project activities using dependencies.
What are the four types of activity dependencies?
Finish-to-Start (FS), Finish-to-Finish (FF), Start-to-Start (SS), and Start-to-Finish (SF).
What is Critical Path Method (CPM)?
A technique that identifies the longest sequence of dependent activities to determine the shortest project duration.
What is Float in project scheduling?
The amount of time an activity can be delayed without affecting the project completion date.
What is Resource Leveling?
A scheduling technique that adjusts activities based on resource constraints, potentially altering the critical path.
What is Fast Tracking in schedule compression?
Performing tasks in parallel to reduce project duration, increasing risk.
What is Crashing in schedule compression?
Adding resources to shorten project duration at the least cost increase.
What is a Schedule Baseline?
The approved project schedule, used to measure project performance.
What is a Burn Rate?
The rate at which the project is consuming its budget over time.
What is the purpose of a Procurement Management Plan?
It defines how procurement processes will be conducted, including contracts, selection criteria, and vendor management.
What are common contract types?
Fixed-Price, Cost-Reimbursable, and Time & Materials contracts.
What is a Responsibility Assignment Matrix (RAM)?
A chart that assigns roles and responsibilities to project tasks.
What is the RACI model?
A responsibility assignment matrix defining who is Responsible, Accountable, Consulted, and Informed for project tasks.
What is the Definition of Done (DoD) in Agile?
A checklist defining when a deliverable is considered complete.
What is the Definition of Ready (DoR) in Agile?
A checklist defining when a task has enough information to begin work.
What is a Sprint Backlog?
A prioritized list of work the Agile team commits to completing during a sprint.
What is Story Mapping?
A technique to organize and prioritize user stories for product development.
What is a Product Roadmap?
A high-level visual representation of planned product deliverables over time.
What is Earned Value Management (EVM)?
A technique that measures project performance using scope, schedule, and cost data.
What is Schedule Variance (SV)?
The difference between Earned Value (EV) and Planned Value (PV), indicating if a project is ahead or behind schedule.
What is Cost Variance (CV)?
The difference between Earned Value (EV) and Actual Cost (AC), indicating if a project is over or under budget.
What is a Procurement Statement of Work (SOW)?
A document defining the work, deliverables, and requirements for procurement contracts.
What is Benchmarking in project planning?
Comparing project processes and performance against industry standards or best practices.
What is a Change Control Process?
A structured approach to evaluating and approving project changes.
What is the purpose of a Lessons Learned Register?
Captures project successes, challenges, and recommendations for future improvements.
