Module 2 Definitions

Question 1

Lessons Learned

Answer 1

Is a collection of information and knowledge gained through an experience, typically a phase, within the project.

Question 2

EVM

Answer 2

Earned Value Management

Question 3

Conditional Advancement

Answer 3

Term used to describe the conditions that must be present for the work to continue on a project. Conditional advancement, however, does not have to happen only at the end of a project phase.

Question 4

Exit Criterion

Answer 4

Are activities or evidence that allow a project to move forward. Stakeholder expectations are universal to the entire project, not just to one project phase.

Question 5

Feasibility Study

Answer 5

This is the formal name for the report documenting the project’s feasibility.

Question 6

Fast Tracking

Answer 6

Is the process of allowing successor phases (or activities) to begin before predecessor phases (or activities) are complete.

Question 7

Crashing

Answer 7

Is the process of adding more resources to the project in an attempt to complete the project sooner.

Question 8

Arbitration

Answer 8

Is a form of negotiation. Technically, it is a form of assisted negotiation.

Question 9

Conferring

Answer 9

Is not negotiating, but a process to seek consensus on a decision.