Definitions 31-60 Flashcards

1
Q

What is Business Value?

A

The net quantifiable benefit derived from a business endeavor that may be tangible, intangible, or both. - The benefit from a business attempt in terms of quantity.

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2
Q

What is a Cadence?

A

A rhythm of activities conducted throughout the project. - A rhythm of an activity (example: marching)

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3
Q

What is a Cause-and-Effect-Diagram?

A

A visual representation that helps trace an undesirable effect back to its root cause. - a diagram which can assist with determining the possible causes of a certain effect.

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4
Q

Define Change.

A

A modification to any formally controlled deliverable, project management plan component, or project document. - Any modification.

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5
Q

What is Change Control?

A

A process where by modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected. - The process of modifications being approved, rejected etc.

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6
Q

What is CCB? (Change Control Board)

A

A formally chartered group responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions. - A group of people responsible for approving/rejecting the changes.

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7
Q

What is a Change Control Plan?

A

A component of the project management plan that establishes the change control board, documents the extent of its authority, and describes how the change control system will be implemented. - What establishes the change control board and the responsibilities of the CCB.

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8
Q

What is the Change Control System?

A

A set of procedures that describes how modification to the project deliverables and documentation are managed and controlled. - A set of procedures that document how modifications are managed and controlled.

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9
Q

What is a Change Log?

A

A comprehensive list of changes submitted during the project and their current status. - The list of changes during the project.

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10
Q

What is Change Management?

A

A comprehensive, cyclic, and structured approach for transitioning individuals, groups, and organizations from a current state to future state with intended business benefits. - How to transition X from current state to future state.

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11
Q

What is a Change Request?

A

A formal proposal to modify a document, deliverable, or baseline. - A request to modify something in a project.

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12
Q

What is a Charter?

A

A document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. - A formal document about the project.

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13
Q

What is a Check Sheet?

A

A tally sheet that can be used as a checklist when gathering data. - A list you can check off.

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14
Q

What is a Closing Process Group?

A

The process(es) preformed to formally complete or close a project phase or contract. - The process to completed/close a project.

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15
Q

What is a Communications Management Plan?

A

A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated. - A part of the plan which discusses everything about how information will be passed around.

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16
Q

Define Complexity.

A

A characteristic of a program or project or its environment that is difficult to manage due to human behavior, system behavior, and ambiguity. - A part of the project that is hard to mange because of human behavior.

17
Q

What is a Confirmation Bias?

A

A type of cognitive bias that confirms preexisting beliefs or hypotheses.

18
Q

Define Conformance.

A

The degree to which the results meet the set quality requirements. - Example: People confirm - which means?

19
Q

Define Constraint.

A

A limiting factor that affects the execution of a project, program, portfolio, or process. - What limits you and affects the project.

20
Q

What is a Contingency?

A

An event or occurrence that could affect the execution of the project, which may be accounted for with a reserve. - NOT a back up plan but something that can affect the project.

21
Q

What is Contingency Reserve?

A

Time or money allocated in the schedule or cost baseline for known risks with active response strategies. - Back up time or money in case of risk so you can quickly respond.

22
Q

What is a Continuous Delivery?

A

The practice of delivering feature increments immediately to customers, often through the use of small batches of work and automation technology. - Delivering X routinely.

23
Q

What is a Contract?

A

A mutually binding agreement that obligates the seller to provide the specific product, service, or result and obligates the buyer to pay for it. - An agreement between the seller and buyer for X.

24
Q

Define Control.

A

The process of comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate corrective action as needed. - A process which compares actual performance to current performance and recommending corrections if needed.

25
Q

What is a Control Chart?

A

A graphic display of process data over time and against established control limits, which has a centerline that assists in detecting a trend of plotted values toward either control limit. - A dot chart with a horizontal line center line comparing data over time - to shoe a trend.

26
Q

What is a Cost Baseline?

A

The approved version of the time-phased project budget, excluding any management reserves, which can be changed only through formal change control procedures and is used as a basis for comparison to actual results. - Approved budget which will be used for comparison on actual results.

27
Q

What is a Cost-Benefit Analysis?

A

A financial analysis method used to determine the benefits provided by a project against its costs. - Cost VS benefits.

28
Q

What is a Cost Management Plan?

A

A component of a project or program management plan that describes how costs will be planned, structures, and controlled. - Part of the project plan what talks about the costs and how they will be used.

29
Q

What is COQ? (Cost of Quality)

A

All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements. - The cost of conforming to the requirements/ not meeting the requirements.

30
Q

What is CPI? (Cost Performance Index)

A

A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost. - Earned Value/ Actual Cost = CPI