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PMP PMBOK 5 > Extra Stuff > Flashcards

Extra Stuff Flashcards

1
Q

What are the Life Cycle Types

A

Predicitive Life Cycle, Iterative and Incremental Life Cycle, Adaptive Life Cycle

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2
Q

What are 2 types of Predictive Life Cycle

A

Full Plan Driven and Waterfall are 2 types of Predictive Life Cycle

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3
Q

What are 2 examples of Adaptive Life Cycles

A

Change Driven and Agile Methods

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4
Q

What is an Iterative and Incremental Life Cycle

A

Phases intentionally repeat and at the end of each iteration a deliverable is completed. Future iterations may enhance the deliverable or create new ones.

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5
Q

What is EAC?

A

Estimate at Close

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6
Q

What is the communications channel formula

A

N * (N-1) / 2 where N=number of people.

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7
Q

Cost and time forecast methods

A

Expected Activity Duration (PERT) = (P + 4M+ O) / 6 Activity Standard Deviation = (P-O)/6

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8
Q

what are 3 ways to estimate cost in the initiating stages?

A

Rough Order of Magnitude Estimate (ROM), Budget Estimate, and Definitive Estimate. The Variance ranges are -25 to +75 for ROM, -10 to +25% for Budget and —5 to +10 for Definitive.

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9
Q

Rough Order of Magnitude (ROM) Estimate

A
  • This type of estimate is usually made during the initiating process.
- A typical ROM estimate range is from -25% to +75% from actual, but this range can vary depending on how much is known about the project when creating the estimates.
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10
Q

Budget Estimate

A
  • This type of estimate is usually made during the planning -phase and is in the range of -10% to +25% from actual.
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11
Q

Definitive Estimate

A

Later during the project, the estimate will become more refined. Some project managers use the range of +/- 10% from actual, while others use -5% to +10% from actual.

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12
Q

What is the ROM Estimate

A

The ROM estimate, as defined by the current PMBOK® Guide - Fifth Edition, is in the range of -25% to +75%.

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13
Q

What are the seven sources of conflict?

A
  1. Schedule 2. Project Priorities 3. Resources 4. Technical Options 5. Administrative procedures 6. Cost 7. Personalities
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14
Q

What is the first step in stakeholder conflict Management?

A

Capture the issue in the Project’s issue log

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15
Q

What is the preferred procurement conflict resolution?

A

negotiation

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16
Q

What is difference between stakeholders and key stakeholders

A

Key stakeholder have decision making power

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17
Q

What does RBS stand for?

A

Risk Breakdown Structure (RBS)

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18
Q

What is the Risk Breakdown Structure (RBS)?

A

The Risk Breakdown Structure (RBS) is a hierarchical presentation of the project risks sorted by risk categories.

19
Q

What is the Requirements Traceability Matrix?

A

Requirements Traceability Matrix is an output of the Collect Requirements process. It is used for tracing requirements to project scope, objectives, and test strategy. Tracing requirements to project risk is not a valid use. [PMBOK 5th edition, Page 117, 118]

20
Q

What is a Decision Tree Analysis

A

A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility. It is one way to display an algorithm. *wikipedia Used for Quanitative risk analysis

21
Q

What does attribute sampling measure vs variable sampling?

A

The attribute sampling measures the quality characteristic of items in a sample on a pass/fail basis; on the other hand, the variable sampling measures the quality characteristic on a continuous scale.

22
Q

What is the purpose for risk categories?

A

Risk categories provide a structure that ensures a comprehensive process of systematically identifying risks and contribute to the effectiveness and quality of the process. [PMBOK 5th edition, Page 317] [Project Risk Management]

23
Q

What is the cost baseline?

A

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

24
Q

When is quality control performed in regards to scope verification?

A

quality control is done prior to or sometimes simultaneously with scope verification

25
Q

What is Trend analysis

A

Trend analysis is an analytical technique that uses mathematical models to forecast outcomes based on historical results. It is a method of determine the variance from a baseline of a budget, cost, schedule or scope parameter by using prior progress reporting period data and projecting how much that parameter’s variance form baseline might be at some future point in the project if no changes are made in executing the project.

26
Q

What is the scope baseline?

A

The scope baseline is the approved version of the cope statement, WBS and it’s dictionary. IT can only be changed through the formal change control procedure and is used as a basis for comparison of actual work to planned work to determine a need for corrective action.

27
Q

What are the types of cause and effect diagrams?

A

fishbone or ishikawa diagrams

28
Q

What are Run Charts?

A

Run charts are graphs of data over time and are one of the most important tools for assessing the effectiveness of change. Run charts have a variety of benefits: They help improvement teams formulate aims by depicting how well (or poorly) a process is performing.

29
Q

What are 2 examples of industry specific facilitated workshops?

A

JAD Joint Application Design/Development for software development and QFD Quality Functional Deployment for manufacturing industry. VOC is the voice of the customer. User Stories are used. stakeholder object is the goal. page 114 (this card is horrible)

30
Q

What is RACI?

A

RACI is a type of responsibility assignment matrix that uses responsibly, accountable, consult and inform statuses to define the involvement of stakeholders in project activities.

31
Q

What is Control Account?

A

A management control point where scope, budget, actual actual cost and schedule are integrated and compared to earned value for performance measurement

32
Q

Where is a control account placed?

A

Within the WBS for each work package

33
Q

A Control account may include one or more?

A

Planning Packages

34
Q

What is a planning package?

A

A planning package is a work breakdown structure component below the control account with known work content but without detailed schedule activities

35
Q

What does DIKW stand for?

A

Data, information, knowledge, wisdom

36
Q

What are 4 major factors that affect decision making style?

A

time constraints, trust, quality and acceptance

37
Q

What is a data date?

A

A point in time when the status of the project is recorded

38
Q

How is a scatter diagram used?

A

A scatter diagram plots several occurrences of two variables (one on each axis). A relationship can then often be determine between the two variables based on how closely they fit a geometric model.

39
Q

What is a Pareto Chart

A

A Pareto chart is a type of histogram where the causes are ordered by frequency.

40
Q

What is the Grade of a product concerned with?

A

The grade of a product relates to the technical characteristics of the product

41
Q

What is Malcolm-Baldrige?

A

An award established by the U.S. Congress to promote quality awareness.

42
Q

What is a schedule Model?

A

A schedule model is a representation of the plan for executing the project’s activities including durations, dependencies and other planning information used to produce a project schedule along with other scheduling artifacts.

43
Q

What is a hammock activity?

A

A Hammock activity is used to represent groups of activities in a project schedule. It is used to summarize the schedule information for a group of activities and to allow the entire project to be summarized as a relatively few summary activities.

44
Q

When is dependency determination used?

A

Dependency determination is used during the sequence activities as a tool. PDM and Leads and Lags are also used as a tool and technique in sequencing activities

PMP PMBOK 5 (6 decks)

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