July Flashcards
If implementing a risk response you need to modify the type of contract for your vendor, Do you need a CR
Yes. In other words, implementing the risk response plan is not an excuse to not do a CR when required.
How to determine project success?
By considering all of the project’s objectives. PM and stakeholders should discuss and agree upon the measures of success that meet all objectives
What is this?
Bubble chart
To calculate Cost variance, WHAT IS THE FORMULA also Where would you get the info to get the EV?
CV = EC - AC Cost Baseline and Project Schedule
What type of graphical representation can display 3 rather than 2 parameters
Bubble chart
Technique name.
Evaluation of the seller’s progress in delivering contracted products
Performance review
If the project gets canceled, and no more $ is to be spent…
Do you…
A. communicate the status of the project to the team and produce a final report
B. Complete the final phase of the project
A.
Who else would know about the cancelation?
The final report is mandatory
FINAL PHASE is not closure!!
In which process do you output the Resource Breakdown Structure - RBS
This document contains the skills or required certifications for the team members.
Estimate Activity Resources
What is the objective of the project charter?
- Authorization to apply project resources to project activities
- Provides a direct link between the project and the company’s objectives
- provide a formal record of the project
- show organizational commitment to the project
Project Management Plan is divided into 3 categories
- Subsidiary management plan
- Baselines
- Additional components
Describe each one….
Subsidiary — most of the knowledge areas plan … but not the documents/baselines
Baselines – scope baseline, schedule baseline, etc
Additional components –
- change management plan/configuration management plan
- performance measurement baseline,
- development approach,
- management reviews
Estimate at Completion is also equivalent too?
Cost forecast
This is used to monitor the comparison between stakeholder’s levels of engagement and their desired levels.
Stakeholder Assesment matrix
Between issue log and quality report,
What would you chose to review information about quality management issues that have been escalated by the team, corrective actions recommended or implemented
Quality reports.
includes quality management issues escalated by the team; recommendations for process, project and product improvements; corrective action recommendations (can be rework, defect, bug repair, inspection, etc.), summary findings
Provides documentation to support the rationale for project estimates, it may include assumptions, constraints, level of detail, ranges and confidence level
What process outputs this?
Basis of estimates
Estimate activity duration
Meeting minutes is an example of ?
EEF or OPAs?
OPAs!
