Definitions 121-150 Flashcards
What is EEF? (Enterprise Environmental Factors)
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)
Define Epic.
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.
Define Estimate.
A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations. - Numbers (costs, data etc.).
What is EAC? (Estimate at Completion)
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.
What is ETC? (Estimate to Complete)
The expected cost to finish all the remaining project work.
What are Estimating Methods?
Methods used to develop an approximation of work, time, or cost on a project. - Approx. of anything of a project.
What is an Executing Process Group?
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.
What is EMV? (Expected Monetary Value)
The estimated value of an outcome expressed in monetary terms. Value in $$ form.
What is Explicit Knowledge?
Knowledge that can be codified using symbols such as words, numbers, and pictures.
What is External Dependency?
A relationship between project activities and non-project activities.
What is Fast Tracking?
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.
Define Feature.
A set of related requirements or functionalities that provides value to an organization.
What is FFP? (Firm Fixed Price Contract)
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.
What is Fixed Duration?
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.
What is Fixed-Price Contract?
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.
What is FPIF? (Fixed Price Incentive Fee Contract)
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.
What is FPEPA? (Fixed Price with Economic Price Adjustment Contract)
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.
Define Flow.
The measure of how efficiently work moves through a given process or framework.
Define Flowchart.
The depiction in a diagram format of the inputs, process actions, and outputs of one of more processes within a systems.
Define Forcast.
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.
What is a Function Point?
An estimate of the amount of business functionally in an information system, used to calculate the functional size measurements of a software systems.
Define Gantt Chart.
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.
Define Governance.
The framework for directing and enabling an organization through its established policies, practices, and other relevant documentation.
Define Grade.
A category or rank used to distinguish items that have the same functional use but do not share the same requirements for quality.
What is a Hierarchy Chart?
A chart that begins with high-level information that is progressively decomposed into lower levels of detail.
What is a Histogram?
A bar chart that shows the graphical representation of numerical data.
What is a Hybrid Approach?
A combination of two or more agile and nonagile elements, having a no agile end result.
What is Impact Mapping?
A strategic planning method that serves as a visual roadmap for the organization during product development.
Define Impediment.
An obstacle that prevents the team from achieving its objectives. Also known as a blocker.
What is Incremental Approach?
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.
