Key Terms D

Question 1

decision model

Answer 1

A formal method of project selection that helps managers make the best
use of limited budgets and human resources. Includes benefit measurement methods and constrained optimization models.

Question 2

defect repairs

Answer 2

A type of change request that typically comes about during the Monitoring
and Controlling process group. Defect repairs either correct or replace components that are
substandard or are malfunctioning.

Question 3

definitive estimate

Answer 3

An estimating technique that assigns a cost estimate to each work package in the project WBS. This is the most accurate of the cost estimating techniques, which typically falls within 5 percent and +10 percent of the actual budget

Question 4

deliverable

Answer 4

An output or result that must be completed in order to consider the project complete or to move forward to the next phase of the project. Deliverables are tangible and can be measured and easily proved

Question 5

dependencies

Answer 5

The relationship between project activities

Question 6

dependency relationships

Answer 6

The type of dependency between two activities and the

specific relationship between the activities.

Question 7

discounted cash flow (DCF)

Answer 7

Compares the value of the future cash flows of the project to today’s dollars.

Question 8

discretionary dependency

Answer 8

A type of dependency that the project manager and project team choose to impose on the project schedule, such as the use of an established corporate practice

Question 9

Document control process

Answer 9

Defines how revisions are made, the version numbering system, and the placement of the version number and revision date.

Question 10

duration compression

Answer 10

The use of techniques such as fast - tracking or crashing to shorten the planned duration of a project or to resolve schedule slippage.