Definition Flashcards
EVA?
Earned value analysis (measure Pro. Performance)
EVM?
Earned value managment
AC BAC PV EV CPI SPI
Actual cost Budget at completion Planned value Earned value Cost performance index Schedule Performance index
EAC ETC VAC CV SV CR
Estimated at completion = AC+ETC Estimated to completion = (BAC-EV)/CPI Var. at Com. = BAC-EAC Cost Var. = EV-AC Sche. Var. = EV-PV Critical Ratio = SPI * CPI
COS
You should begin every project with a communication tool called Conditions of Satisfaction (COS).
The COS is a structured conversation between the
client (the requestor) and the likely project manager
(the provider).
The deliverable from the COS is a one-page document
(with attachments) called the Project Overview
Statement (POS).
POS
The Project Overview Statement (POS) is a template
that is used to clearly state what is to be done.
It is signed by the requestor and the provider who
participated in the COS exercise.
When the POS is approved by senior management, the
Scoping Phase is complete.
COS and then POS are neither more nor less than a
clarification of Scope.
RBS
The RBS is a hierarchical description of what the
solution has to do in order to acceptably meet client needs.
The RBS is intuitive and most meaningful to the client
The RBS is a deliverables based approach
The RBS is consistent with the PMI & PMBOK
The RBS remains client facing as long as possible into
the next planning exercise
Write a POS
The POS is a short document (ideally one page) that concisely states what is to be done in the project, why it is to be done, and what business value it will provide to the enterprise when completed.
An outcome — A statement of what is to be
accomplished.
A time frame — A preliminary estimate of duration.
A measure — Metrics that will measure success.
An action — How the objective will be met.
SMART
Specific Measurable Assignable Realistic Time-related
IRACIS structure
IR Increase Revenue AC Avoid Costs IS Improve Service Use quantitative metrics only! How much and by when?
Planning
The first document considered in planning is the POS.
The project team might write the Project Definition
Statement (PDS) — their understanding of the project.
The PDS is nothing more than an expanded version of
the POS, but from the perspective of the planning
team.
WBS
The Work Breakdown Structure (WBS) is a
hierarchical description of all of the work
that must be done to meet the needs of the
client.
The Requirements Breakdown
Structure (RBS) is the input to
the WBS construction process.
