Definitions Flashcards
A common type of responsibility matrix that uses responsible, accountable, consult and inform statuses to define the involvement of stakeholders in project activities.
RACI
Examination and documentation of the effectiveness of risk responses in dealing with identified risks and their root causes, as well as the effectiveness of the risk management process.
Risk audit
The documented results of control quality activities.
Quality Control measurements
The alignment of project objectives with strategy of the larger organization by the project sponsor and project team. A project governance is defined by and is required to fit within the larger context of the program or organization sponsoring it, but is separate from organizational governance.
Project governance
A systematic series of activities directed towards causing an end result such that one or more inputs will be acted upon to create one or more outputs.
Process
The process of developing appropriate management strategies to effectively engage stakeholders throughout the project lifecycle, based on the analysis of their needs, interests, and potential impact on project success.
Plan stakeholder management
This technique utilizes a decision matrix to provide a systematic analytical approach for establishing criteria, such as risk levels, uncertainty, and valuation, to evaluate and rank many ideas.
Multi-Criteria Decision Analysis
Decisions made regarding the external purchase or internal manufacture of a product.
Make-or-Buy Decisions
The amount of time that a schedule activity can be delayed or extended from its early start date without delaying the project finish date or violating a schedule constraint.
Total Float
The quantified description of acceptable variation for a quality requirement.
Tolerance
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 cost.
Firm-Fixed-Price Contract
FFP
An activity that can be planned and measured and that yields a specific output.(Note: Discrete effort is one of three earned value management(EVM) types of activities used to measure work performance).
Discrete Effort
The physical or electronic representation of work performance information compiled in project documents, intended to generate decisions, actions, or awareness.
Work Performance Reports
The process of monitoring and recording results of executing the quality activities to assess performance and recommend necessary changes.
Control Quality
A component of the project management plan that describes how the project scope will be defined, developed, monitored, controlled and verified.
Scope Management Plan
The process of processing, adjudicating, and communicating contract claims.
Claims Administration
The meetings with prospective sellers prior to preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Also known as contractor conferences, vendor conferences, or pre-bid conferences.
Bidder Conference
A technique used to evaluate identified options in order to select which options or approaches tuo use to execute and perform the work of the project.
Alternative Analysis
The projected cost of the schedule activity that includes the cost for all resources required to perform and complete the activity, including all cost types and cost components.
Activity Cost Estimates
A hierarchical representation of resources by category and type.
Resource Breakdown Structure
A policy specific to the Project Quality Management Knowledge Area, it establishes the basic principles that should govern the organization’s actions as it implements its system for quality management.
Quality Policy
The process of reviewing proposals provided by suppliers to support contract award decisions.
Proposal Evaluation Techniques
Describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products, services, or results.
Procurement Statement of Work
An activity that logically comes before a dependent activity in a schedule.
Predecessor Activity
The process that establishes the policies, procedures, and documentation for planning, managing, expending, and controlling project costs.
Plan Cost Management
In the cost quality framework, non-conformance work is done to deal with the consequences of errors and failures in doing activities correctly on the first attempt. In efficient quality management systems, the amount of non-conformance work will approach zero.
Nonconformance Work
The entity responsible for providing the project’s sponsor and conduit for project funding or other project resources.
Sponsoring Organization
Deliverables that are result of executing quality control process to determine corectness.
Validated Deliverables
A process of using a third party to obtain and analyze information to support prediction of cost, schedule, or other items.
Independent Estimates
The process of comparing the planned expenditure of project funds against any limits on the commitment of funds for the project to identify any variances between the funding limits and the planned expenditures.
Funding Limit Reconciliation
The process of evaluating scenarios in order to predict their effect on project objectives.
What-If Scenario Analysis
A technique used to identify the type of dependency that is used to create the logical relationships between predecessor and successor activities.
Dependency Determination
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.
Cost Baseline
Responses provided which may be used in the event that a specific trigger occurs.
Contingent Response Strategies
A description, analogy or schematic used to represent how the communication process will be performed for the project.
Communication Models
Manual or automated tools to assist with change and/or configuration management. At a minimum, the tools should support the activities of the CCP.
Change Control Tools
A review of the change requests to verify that these were implemented as approved.
Approved Change Requests Review
A set of tools used to define the quality requirements and to plan effective quality management activities. They include, but are not limited to: brainstorming, force field analysis, nominal group techniques and quality management and control tools.
Additional Quality Planning Tools
A set of conditions that is required to be met before deliverables are accepted.
Acceptance Criteria
A project life cycle where the project scope is generally determined early in the project life cycle, but time and cost estimates are routinely modified as the project team’s understanding of the project increases. Iterations develop the product through a series of repeated cycles, while increments successiveely add to the functionality of the product.
Iterative Life Cycle/Incremental Life Cycle
A relationship that is contactually required or inherent in the nature of the work.
Mandatory Dependency.
A technique that enhances brainstorming with a voting process used to rank the most useful ideas for further brainstorming or for prioritization.
Nominal Group Technique
A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a project or program.
Phase Gate
Within the quality management system, precision is a measure of exactness.
Precision
A structured review of the seller’s progress to deliver project scope and quality, within cost and on schedule, as compared to the contract.
Procurement Performance Reviews
A correlation chart that uses a regression line to explain or to predict how the change in an independent variable will change a dependent variable.
Scatter Diagram
A description of a project or product attribute and how to measure it.
Quality Metrics
A component of the project or program management plan that describes how requirements will be analyzed, documented, and managed.
Requirements Management Plan
Measure of the level of uncertainty or the level of impact at which a stakeholder may have a specific interest. Below that risk threshold, the organization will accept the risk. Above that risk threshold, the organization will not tolerate the risk.
Risk Threshold
An actual condition that is different from the expected condition that is contained in the baseline plan.
Variation
