Definitions 121-150

Question 1

What is EEF? (Enterprise Environmental Factors)

Answer 1

Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program or portfolio. - Environmental Factors (but not limited to these)

Question 2

Define Epic.

Answer 2

A large, related body of work intended to hierarchically organize a set of requirements and deliver specific business outcomes. - A body of work that organizes outcomes.

Question 3

Define Estimate.

Answer 3

A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations. - Numbers (costs, data etc.).

Question 4

What is EAC? (Estimate at Completion)

Answer 4

The expected total cost of completing all work expressed as the sum of the actual cost to date and the estimate to complete. -Estimated cost.

Question 5

What is ETC? (Estimate to Complete)

Answer 5

The expected cost to finish all the remaining project work.

Question 6

What are Estimating Methods?

Answer 6

Methods used to develop an approximation of work, time, or cost on a project. - Approx. of anything of a project.

Question 7

What is an Executing Process Group?

Answer 7

Those processes performed to complete the work defined in the project management plan to satisfy the project requirements. - The processes to complete the work in the project requirements.

Question 8

What is EMV? (Expected Monetary Value)

Answer 8

The estimated value of an outcome expressed in monetary terms. Value in $$ form.

Question 9

What is Explicit Knowledge?

Answer 9

Knowledge that can be codified using symbols such as words, numbers, and pictures.

Question 10

What is External Dependency?

Answer 10

A relationship between project activities and non-project activities.

Question 11

What is Fast Tracking?

Answer 11

A schedule compression method in which activities or phases normally done in sequence are performed in parallel for at least a portion of their duration.

Question 12

Define Feature.

Answer 12

A set of related requirements or functionalities that provides value to an organization.

Question 13

What is FFP? (Firm Fixed Price Contract)

Answer 13

A type of fixed-price contract where the buyer pays the seller a set amount (as defined by the contract) regardless of the seller’s costs.

Question 14

What is Fixed Duration?

Answer 14

A type of activity where the length of time required to complete the activity remains constant regardless of the number of people or resources assigned to the activity.

Question 15

What is Fixed-Price Contract?

Answer 15

An agreement that sets the fee that will be paid for a defined scope of work regardless of the cost of effort to deliver it.

Question 16

What is FPIF? (Fixed Price Incentive Fee Contract)

Answer 16

A type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets defined performance criteria.

Question 17

What is FPEPA? (Fixed Price with Economic Price Adjustment Contract)

Answer 17

A type of contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases ( or decreases) for specific commodities.

Question 18

Define Flow.

Answer 18

The measure of how efficiently work moves through a given process or framework.

Question 19

Define Flowchart.

Answer 19

The depiction in a diagram format of the inputs, process actions, and outputs of one of more processes within a systems.

Question 20

Define Forcast.

Answer 20

An estimate or prediction of conditions and events in the project’s future based on information and knowledge available at the time of the forecast.

Question 21

What is a Function Point?

Answer 21

An estimate of the amount of business functionally in an information system, used to calculate the functional size measurements of a software systems.

Question 22

Define Gantt Chart.

Answer 22

A bar chart of schedule information where activities are listed on the vertical axis, dates are shown on the horizontal axis, and activity durations are shown as horizontal bars places according to start and finish dates.

Question 23

Define Governance.

Answer 23

The framework for directing and enabling an organization through its established policies, practices, and other relevant documentation.

Question 24

Define Grade.

Answer 24

A category or rank used to distinguish items that have the same functional use but do not share the same requirements for quality.

Question 25

What is a Hierarchy Chart?

Answer 25

A chart that begins with high-level information that is progressively decomposed into lower levels of detail.

Question 26

What is a Histogram?

Answer 26

A bar chart that shows the graphical representation of numerical data.

Question 27

What is a Hybrid Approach?

Answer 27

A combination of two or more agile and nonagile elements, having a no agile end result.

Question 28

What is Impact Mapping?

Answer 28

A strategic planning method that serves as a visual roadmap for the organization during product development.

Question 29

Define Impediment.

Answer 29

An obstacle that prevents the team from achieving its objectives. Also known as a blocker.

Question 30

What is Incremental Approach?

Answer 30

An adaptive development approach in which the deliverable is produced successively, adding functionally until deliverable contains the necessary and sufficient capability to be considered complete.