Definitions and Terminologies Flashcards
This shows you a projected completion date based on the latest project date.
Burndown graph
This is an example of a parametric estimating
Dollars per module
Rough order of magnitude (ROM) estimate is made during which process group?
Initiating
What is an output of Determine Budget process?
Cost baseline
Value analysis is performed to get:
A less costly of doing the same work. It decreases cost while maintaining the same scope
These are not required to obtain estimates:
Change requests
Which estimating method tends to be most costly for creating a project cost estimate?
Bottom-up estimating
Does team velocity impact cost of the project
Yes
Which of the following are all items included in the cost management plan?
- Specifications for how estimates should be stated
- rules for measuring cost performance
- the level of accuracy needed for estimates
Earned value analysis is the basis for:
Performance reporting
The difference between the cost baseline and the cost budget can be described as:
The management reserves
The range on a control chart Is usually calculated based on
-3 or +3 sigma
During the Identify Risk process, The risk register includes:
- List of identified risks
- risk owners
- risk responses
The estimated value of work that’s completed/accomplished is called:
EV
The current actual cost incurred For the completed work is called:
Actual cost
The current forecast at work to finish the project is called:
ETC
The amount that was originally budgeted For the total project up for this called:
BAC
The six inputs to Monitor and control project work are:
- Project management plan
- Project documents
- Work performance information
- Agreements
- EEF
- OPA
What estimate is being figured When a project manager uses a range of -10 to +25 Percent from actual?
Budgeted estimate
The budgeted estimate uses a range of:
-10 to +25 percent range
What estimate is being figured When a project manager uses the range of -5 to +10% of actual work
Definitive estimate
Definitive estimate uses the range of
-5 to +10 percent range
What estimate is being figured when a project manager uses the range of -25% to +75% of actual work?
ROM - rough order of magnitude
The rough order of magnitude has a range of
-25% to +75%
The Monte Carlo analysis result in a:
Probability of distribution
The decision tree involves:
- Expected monetary value (EMV)
- Mutual exclusivity
- Takes into account the impending events in making a decision today
Conduct procurement involves:
- Selecting the seller and collecting their responses
- Awarding the contract
- Documenting lessons learned
XP-inspired engineering practices include:
- Story cards
- Continuous integration
- Automated testing
- Refactoring
- Test driven development
There are three types of communication:
- Interactive
- Push
- Pull
Time-and-materials contracts resemble cost-reimbursable contracts in that
both are open-ended.
A team charter is also referred to as:
social contract
the lowest level of the WBS is called:
Work package
It supports the WBS by including more detailed information for each WBS, work package or other WBS components:
WBS Dictionary
The WBS dictionary is an output of the
Create WBS
The WBS dictionary is an output of the Create WBS process and provides information such as the
- description of work
- schedule milestones
- quality requirements
- acceptance criteria for each work package
Difference between Configuration Control and Change Control
Configuration control is focused on the specification of both the deliverables and the process, whereas change control is focused on identifying, documenting, and controlling changes to the project.
This technique analyzes the interrelationships between different project variables that contributed to the project outcomes to improve performance on future projects
Regression Analysis
This technique can be used to validate the models used in the organization and to implement adjustments for future projects OR When a project manager Wants to predict future performance Based on historical events
Trend analysis
This technique can be used to improve the metrics of the organization by comparing what was initially planned and the end result
Variance analysis
Assessing available documentation will allow identifying lessons learned and knowledge sharing for future projects and organizational assets improvement
Document analysis
This – – – outlines the target benefits of the project
Benefits management plan
This document the business need and the cost benefit analysis that justify the project
Business case
In this decision making technique, one individual takes the responsibility for making the decision for the entire group
Autocratic decision making
An intentional activity that realize the performance of the project work with the project management plan is called
Corrective action
An intentional activity that ensures the future performance of the project work is aligned with the project management plan
Preventive action
An intentional activity that modifies a nonconforming product or product components
Defect repair
Changes to formally controlled project documents, plans, etc., to reflect modified or additional ideas or content is called:
Updates
