Deck 2 Flashcards
Verify Scope definition:
The process of formalizing acceptance of the completed project deliverables
Control Scope definition:
The process of monitoring the status of the project and product scope and managing changes to the scope baseline
Define Activities definition:
The process of identifying the specific actions to be performed to produce the project deliverables
Sequence Activities definition:
The process of identifying and documenting relationships among project activities RM: whatever needs to be done to create the network diagram
Estimate Activity Resources definition:
The process of estimating the type and quantities of material, people, equipment, or supplies required to perform each activity
Estimate Activity Duration definition:
The process of approximating the number of work periods needed to complete individual activities with estimated resources
Develop Schedule definition:
The process of analyzing activity sequences, durations, resource requirements, and schedule constraints to create the project schedule
Control Schedule definition:
The process of monitoring the status of the project to update project progress and managing changes to the schedule baseline
Estimate Costs definition:
The process of developing an approximation of the monetary resources needed to complete project activities
Determine Budget definition:
The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline
Control Costs definition:
The process of monitoring the status of the project to update the project budget and managing changes to the cost baseline
Plan Risk Management definition:
The process of defining how to conduct risk management activities
Identify Risks definition:
The process of determining which risks may affect the project and documenting their characteristics
Perform Qualitative Risk Analysis definition:
The process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact
Perform Quantitative Risk Analysis definition:
The process of numerically analyzing the effect of identified risks on overall project objectives
Plan Risk Responses definition:
The process of developing options and actions to enhance opportunities and to reduce threats to project objectives
Should the PM try and control communications?
Yes, otherwise changes, miscommunications, unclear definitions, and scope creep can occur
Stakeholder analysis can be defined as?
- IDENTIFY all stakeholders, 2. ANALYZE their potential IMPACT and influence and how to manage that influence, 3. ASSESS how they are likely to respond in various situations
Stakeholder management throughout the project involves what?
- Identify ALL of them, 2. Determine ALL their requirements, 3. Determine their expectations, 4. Determine their interests, 5. Determine level of influence, 6. Determine how to communicate with then, 7. Actually follow through and communicate with them, 8. manage their expectations and influence
Stakeholder Register can be defined as?
- All info about Stakeholders is complied here, 2. Is the main Output of Identify Stakeholder process
Stakeholder: What are some of the ways to involve Stakeholders?
- Determine their interest in being involved and when, 2. their influence on the project, 3. sign-off on final requirements, 4. use stakeholders as experts, 5. involve them in creating lessons learned, 6. ensure common understanding of work
Status Report can be defined as?
Describes where the project is now regarding the performance measurement baseline
Trend Report can be defined as?
Examines results over time to see if performance is improving or deteriorating
Variance Report can be defined as?
Compares actual to baselines
What percentage of time does a PM spend on communications?
90%
Communication Classification Models come in four different types described in the PMBOK. What are they?
- Power/Interest Grid, 2. Power/Influence Grid, 3. Influence/Impact Grid, 4. Salience Model
Stakeholder Register contains what information regarding SHs?
- Identification info: name, org, position, etc., 2. Assessment info: major requirements, main expectations, potential influence, phase most interested in, 3. Stakeholder Classification: internal/external, supporter/neutral/resistor, etc.
Stakeholder Matrix is a common way to do what?
Express the SH management strategy
Communication Plan includes what pieces?
- SH Communication requirements, 2. time frame and frequency, 3. person responsible for communications, 4. methods used, 5. flowcharts, 6. constraints, 7. etc.
Communication information distribution tools include?
- Hard copy documents, manual filing systems, press releases, and databases, 2. Electronic Communication and conferencing tools such as email, fax, voice, etc, 3. Electronic Tools: went interfaces to scheduling and project mgmnt software, virtual meeting software, collaborative mgmnt tools
Manage Stakeholder expectations is defined as?
The process of communicating and working with SHs to meet their needs and addressing issues as they occur.
Forecasting methods include what four categories?
- Time series methods: use historical data to predict future results, 2. Causal / Econometric Methods: use the assumption that it is possible to identify the underlying factors that might influence the variable that is being forecasted; i.e. sales of umbrellas tied to weather, 3. Judgmental Methods: intuitive judgment, opinions, probability estimates, 4. Other methods: simulation, probabilistic forecasting, and ensemble forecasting
Can the PM control all communications?
No
Communication Blockers can be defined as?
Didn’t find this in PMBOK version 4. May be a version 3 thing. Version 4 only mentioned generic “noise”.1. Noisy surroundings, 2. distance, 3. improper coding, 4. negative statements, 5. hostility, 6. language, 7. culture
Communication can occur internally and externally. T or F
TRUE
Communication dimension of Formal means?
- Reports, 2. memos, 3. briefings
Communication dimension of Informal means?
- emails, 2. ad hoc discussions
Communication has many dimensions of delivery or type. What are they?
- Internal / External, 2. Formal / Informal, 3. Vertical / horizontal, 4. Official / Unofficial, 5. Written / Oral, 6. Verbal / Non-verbal
Communication Methods include three methodologies; what are they?
- Interactive Communication, 2. Push Communication, 3. Pull Communication
Communications Channels can be calculated with what formula?
[N(N-1)]/2, where N = the number of people
Communications Management can be described as?
The processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information
Communications: What are the five steps of the communication model?
- encode, 2. Message and feedback message, 3. Medium, 4. Noise, 5. Decode
Earned Value Report can be defined as?
Integrates scope, cost, and schedule measures to assess performance
Forecasting Report can be defined as?
Predicts future status and performance
Formal verbal communications can be defined as?
Presentations, speeches
Formal written communications can be defined as?
Complex problems, PM plans, project charter, memos, communicating over long distances
Informal verbal communications can be defined as?
Meetings, conversations
Informal written communications can be defined as?
E-mail, handwritten notes
Interactive Communication can be defined as?
- This method is reciprocal and can involve just two people or many, 2. One person provides information and others receive and respond to it, 3. Examples include:, A. conversation, B. meetings, C. Conference calls
Meetings have what rules?
- Set a time limit and keep to it, 2. Schedule reoccurring meetings in advance, 3. Meet with team regularly but not too often, 4. have a purpose for each meeting, 5. create an agenda with team input, 6. distribute the agenda before hand, 7. let people know their responsibilities in advance, 8. chair and lead with a set of rules, 9. bring the right people together, 10. document and publish meeting minutes
Nonverbal Communication can be defined as?
55% of all communication is nonverbal; based on physical mannerisms
Paralingual can be defined as?
Pitch and tone of voice
Plan Communications can be defined as?
- Is the process of determining the SH information needs and defining the communications approach, 2. Responding to the information and communication needs of the SHs
Progress Report can be defined as?
What has been accomplished
Pull Communication can be defined as?
- This method involves the PM placing the information in a central location, 2. Recipients responsible for pulling the information, 3. Used to send large documents or to send info to many people
Push Communication can be defined as?
- This method involves a one-way stream of information, 2. Sender provides info but does not expect a response, 3. Examples include:, A. status reports, B. emailed updates, C. company memos
Report Performance can be defined as?
- A Communications process, 2. collects work info, analyzes it, and sends it to stakeholders
Priority order of Cost, Time, and Performance for CPFF is?
Cost, Time, Performance
Priority order of Cost, Time, and Performance for CPAF is?
Cost, Time, Performance
Priority order of Cost, Time, and Performance for CPIF is?
Time, Performance, Cost
Priority order of Cost, Time, and Performance for TM is?
Performance, Time, Cost
Priority order of Cost, Time, and Performance for FPIF is?
Time, Performance, Cost
Priority order of Cost, Time, and Performance for FP is?
Cost, Time, Performance
What type of contract? You need work to begin right away
Time and Materials
What type of contract? You want to buy expertise in determining what needs to be done
CR
What type of contract should you use when you know exactly what needs to be done.
FP (fixed price)
What type of contract? You are buying a programmers services to augment your staff
T and Materials
What type of contract? You need work done, but have time to audit the invoices
FP
What type of contract? You need to rebuild a bridge ASAP after a storm
FPIF
What type of contract? The project requires a high level of expertise to complete, and you want to have the best performance possible in a finished product
CPIF or CPAF
What type of contract? You need to hire a contractor to perform research and development
CR
What type of contract? The scope of work is complete, but the economy is currently unpredictable
FPEPA
What type of contract? You are buying a standard commodities
Purchase order
Cost Reimbursable, Time and Material, Fixed Price: Generally, what is being bought?
Cost Reimbursable: Service, goods may be included Time and Material: Service Fixed Price: Goods
Cost Reimbursable, Time and Material, Fixed Price: Describe how the costs to the buyer might be stated in the contract
Cost Reimbursable: Costs are variable, but the fee is fixed Time and Material: Hourly rate or price per unit Fixed Price: As a set currency amount
Cost Reimbursable, Time and Material, Fixed Price: Describe how the profit to the buyer might be stated in the contract
Cost Reimbursable: Listed separately and known to the buyer Time and Material: Included in the hourly rate and may be unknown to the buyer Fixed Price: Included in the price and unknown to the buyer
Cost Reimbursable, Time and Material, Fixed Price: What is the cost risk to the buyer? (High, Medium, or Low)
Cost Reimbursable: High - Increases in costs are reimbursed by the buyer Time and Material: Medium - the costs are not fixed, this contract type is used for small purchases Fixed Price: Low - increases in cost are born by the seller
Cost Reimbursable, Time and Material, Fixed Price: How important is a detailed SOW?
Cost Reimbursable: Low - the procurement SOW only needs to describe the performance or requirements since the seller provides the work. The buyer pays all costs, so there is less need to finalize the scope Time and Material: Low - this type traditionally has very little scope and may only describe skill sets required Fixed Price: High - the procurement SOW must be complete so the seller knows exactly what work needs to be done in order to come up with an accurate price to do the work
Cost Reimbursable, Time and Material, Fixed Price: What industry uses this most for its contracts?
Cost Reimbursable: IT, research, development - when the work has never been done before Time and Material: legal, plumbing, programming - when hiring for an hourly rate Fixed Price: construction - complete scope of work is needed
Cost Reimbursable, Time and Material, Fixed Price: How much negotiation is usually required to sign a contract after receipt of the seller’s price? (High, Medium, or Low)
Cost Reimbursable: High - all estimated costs are looked at to calculate the fee to be fixed Time and Material: Low or none Fixed Price: None