Guide - Section 2.4 (DECK #2) - Planning Performance Flashcards
What can support the concept of progressive elaboration?
Prototypes support the concept of progressive elaboration
because they are used in iterative cycles
of mock-up creation, user experimentation, feedback generation and prototype revision.
Name 5 variables that influence how project planning is conducted?
Hint (DALMO)
- Deliverables
- Development approach
- Legal / Regulatory requirements - artifacts needed before start
- Market conditions - i.e. competetive prod dev, cost of delay
- Organizational requirements - required artifacts before start
What does planning begin with? (3)
Hint (BSS)
- understanding the business case
- stakeholder requirements
- the scope (goals, deadlines, deliverables)
Product Scope vs Project Scope
- Product Scope - the features and functions that characterize a product, service, or result
- Project Scope - the work performed to deliver a product, service, or result with the specified features and functions
Which planning approach
starts with the high-level project deliverables known up front
and decompose them into more detail?
Predictive
What does the predictive approach employ
to decompose the scope
into lower levels of detail?
scope statement
and/or
a work breakdown structure (WBS)
What do iterative or incremental approaches employ
to decompose the scope
into lower levels of detail?
Hint (EFSB)
high-level themes or epics
that are decomposed into features,
which are decomposed into user stories and backlog items
How does the concept of
last responsible moment work?
It defers a decision
to allow the project team
to consider multiple options (or gain more information)
until the cost of further delay
would exceed the benefit
The project’s phase impacts which four
aspects associated with estimating?
Hint (ACPR)
- Accuracy
- Confidence
- Precision
- Range
What refers to the level of unpredictability or ambiguity associated with a project’s outcomes, timelines, or costs.
Uncertainty
What are 2 types of uncertainty?
- Known unknowns - factors that are known to exist but their exact impact or outcomes are uncertain, such as risks and assumptions
- Unknown unknown - factors that are difficult or impossible to predict or anticipate, such as unexpected events or changes in the external environment
How can project managers address uncertainty?
- developing strategies to manage risks
- identify assumptions
- monitor progress regularly
- adopt flexible approaches that can adapt to changes as they arise
- engage stakeholders to address potential sources of uncertainty
Uncertainty vs Risk
- Uncertainty is about lack of information
- Risk is about the likelihood and impact of a negative outcome
What can be caused by factors such as incomplete or inaccurate data, changes in the external environment, or unforeseen events?
Uncertainty refers to a lack of knowledge or information about the future,
making it difficult or impossible to predict outcomes or events.
What is usually measured in terms of the likelihood of an event occurring and its potential impact or consequences?
Risk refers to the probability or likelihood of a negative outcome or event occurring. It is the potential for harm, loss, or damage that could result from a particular action or decision.
What is an assumption?
A statement or belief that is accepted to be true, without actual proof or evidence.
Why are assumptions used?
To fill gaps in knowledge or information to simplify complex issues
or to make decisions in the absence of complete information.
What are 2 types of assumptions?
- Explicit - those that are stated clearly and documented
- Implicit - those that are assumed to be true but not explicitly stated or documented
How is uncertainty described in project management?
The lack of knowledge or information about the future that affects the outcome of a project or task.
It is a measure of the degree of risk associated with a project or task, and reflects the likelihood that the actual outcome will differ from the expected outcome.
What are 3 common factors of uncertainty in project management?
- lack of information - incomplete requirements or unknown variables
- complexity -interdependencies between tasks or unforeseen technical challenges
- external factors - market conditions or regulatory changes
How is uncertainty described in project management?
The lack of knowledge or information about the future that affects the outcome of a project or task.
It is a measure of the degree of risk associated with a project or task, and reflects the likelihood that the actual outcome will differ from the expected outcome.
What are 3 common factors of uncertainty in project management?
- lack of information - incomplete requirements or unknown variables
- complexity -interdependencies between tasks or unforeseen technical challenges
- external factors - market conditions or regulatory changes
