Definitions 181-210 Flashcards
What is Measurement Performance Domain?
The performance domain that addresses activities and functions associated with assessing project performance and taking appropriate action to maintain acceptable performance.
What is Measure of Performance?
Measures that characterized physical or functional attributes relating to system operation.
Define Method.
A means for achieving on outcome, output, result, or project deliverable.
Define Methodology.
A system of practices, techniques, procedures, and rules used by those who work in a discipline.
Define Metric.
A description of a project or product attribute and how to measure it.
Define Milestone.
A significant point or event in a project, program, or portfolio.
What is a Milestone Schedule?
A type of schedule that presents milestones with planned dates.
What is MVP? (Minimum Viable Product)
A concept used to define the scope of the first release of a solution to customers by identifying the fewest number of features or requirements that would deliver value.
Define Modeling.
Creating simplified representations of systems, solutions, or deliverables, such as prototypes, diagrams or storyboards.
Define Monitor.
Collect project performance data, produce performance measures, and report and disseminate performance information.
What is Monitoring and Controlling Process Group?
Those processes required to track, review, and regulate the process and performance of the project; identify any areas in which changes to the plan are required; and initiate corresponding changes.
What is Monte Carlo Simulation?
A method of identifying the potential impacts of risk and uncertainty using multiple iterations of a computer model to develop a probability distribution of a range of outcomes that could result from a decision or course of action.
What is a Mood Chart?
A visualization chart for tracking moods or reactions to identify areas for improvement.
What is Multipoint Estimating?
A method used to estimate cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.
What is a Net Promoter Score?
AN index that measures the willingness of customers to recommend an organization’s products or services to others.
What is a Network Path?
A sequence of activities connected by logical relationships in a project schedule network diagram.
Define Objective.
Something toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed.
Define Opportunity.
A risk that would have a positive effect on one or more project objectives.
What is OBS? (Organizational Breakdown Struture)
A hierarchical representation of the project organization, which illustrates the relationship between project activities and the organizational units that will perform those activities.
What is OPA? (Organizational Process Assests)
Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.
What is Osmotic Communication?
Means of receiving information without direct communication by overhearing and through nonverbal cues.
Define Outcome.
An end result or consequence of a process or project.
What is Parametric Estimating?
An estimating method in which an algorithm is used to calculate cost or duration based on historical data an project parameters.
What is PMB? (Performance Measurement Baseline)
Integrated scope, schedule and cost baselines used for comparison to manage, measure, and control project execution.
What is a Phase Gate?
A review at the end of a phase in which a decision is made to continue to he nest phase, to continue with modification, or to end a project or program.
Define Plan.
A proposed means of accomplishing something.
What is PV? (Planned Value)
The authorized budget assigned to scheduled work.
What is Planning Performance Domain?
The performance domain that addresses activities and functions associated with the initial, ongoing, and evolving organization and coordination necessary for delivering project deliverables and results.
What is a Planning Process Group?
Those processes required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve.
Define Portfolio.
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
