Module 10: Measurement Tracking and Managing Uncertainty Flashcards
Uncertainty can increase when what 3 things increase?
Ambiguity, complexity and volatility.
What can the PM do to deal with ambiguity?
Create prototypes
Proof of concepts
Experiments
What can the PM do to deal with system based complexity?
Decoupling and simulation
What can the PM do to deal with Reframing complexity?
Diversity, balance
What can the PM do to deal with process based complexity?
Iterations, engagement, failsafes
What can the PM do to deal with volatility?
Change control boards
Reserves
What are the 5 steps to problem solving?
Understand
Measure
Devise a plan
Resolve
Check resolution
What are the two types of performance metrics? Which is more valuable for the PM?
Leading and lagging.
Leading.
What are some common adaptive projects metrics
Burn down chart
Velocity chart
Cumulative charts
What is this and what does the provide?
Burndown chart, hrs that have been worked.
Above = behind schedule
Below = ahead of schedule
What is this?
Burn up chart
What is the purpose of a velocity chart?
Measures qty of hours worked towards goal. Uses the avg to determine the velocity of the next sprint.
Acronym to remember risks associated with adaptive projects
PESTILE
What does PESTILE stand for?
Political
Economic
Social
Technical
Legal
Environmental
What are these:
Integrating different systems
Time pressure
Supply chain issues
Equipment is damaged
Examples of uncertainty
