Miscellaneous PM Concepts Flashcards
Project Management Plan
Knowledge Area Management Plans Scope, Schedule, Cost Baselines Requirements Management Plan Change Management Plan Configuration Management Plan Process Improvement Plan Project Management Processes to be used
Schedule Baseline
the agreed-upon schedule, including the start and stop times for eqch activity
Cost Baseline
the time-phased cost budget (how much money is approved, when is it needed)
Scope Baseline
Project Scope Statement, Work Breakdown Structure WBS, WBS Dictionary
the time-phased cost budget (how much money is approved, when is it needed)
Cost Baseline
the agreed-upon schedule, including the start and stop times for eqch activity
Schedule Baseline
Knowledge Area Management Plans Scope, Schedule, Cost Baselines Requirements Management Plan Change Management Plan Configuration Management Plan Process Improvement Plan Project Management Processes to be used
Project Management Plan
Project Scope Statement, Work Breakdown Structure, WBS Dictionary
Scope Baseline
Total Float
amount of time an activity can be delayed without delaying the project end date or a milestone
Free Float
amount of time an activity can be delayed without delaying the early start date of successor(s)
Project Float
amount of time a project can be delayed without delaying (pre-determined) project completion date
Float Formula
Start: Float = Late Start - Early Start or Finish: Float = Late Finish - Early Finish
Project Constraints
Time Cost Scope Quality Customer Satisfaction Risk Resources
Cost Variance
Earned Value minus Actual Cost
EV - AC
Schedule Variance
Earned Value minus Planned Value
EV - PV
Cost Performance Index
Earned Value divided by Actual Cost
EV / AC
Estimate to Completion
Estimate at Completion minus Actual Cost
ETC = EAC - AC
Estimate at Completion
if future work is performed at planned rate
Actual Cost plus Budget at Completion minus Earned Value
EAC = AC + ( BAC - EV)
Schedule Performance Index
Earned Value divided by Planned Value
EV / PV
Variance at Completion
Budget at Completion minus Estimate at Completion
BAC - EAC
Estimate at Completion
if past CPI is expected to continue
EAC = BAC / CPI
Estimate at Completion
if both CPI and SPI influence remaining work
EAC = AC + (BAC - EV/(CPI * SPI )
Estimate at Completion
if initial plan is no longer valid
EAC = AC + Bottom up Estimate
To Completion Performance Index TCPI
if project is within budget
TCPI = ( BAC - EV ) / ( BAC - AC )
To Completion Performance Index TCPI
if project is over budget
TCPI = ( BAC - EV ) / ( EAC - AC )
