Module 4 Definitions

Question 1

Issues

Answer 1

An undecided decision that has not been made. This could become a risk but risks and issues are treated differently. There should be a issue owner and a deadline for that issue.

Question 2

Risk tolerances:

Answer 2

Persons willingness to except risk on a project. Known as utility function.

Question 3

Project Integration Change Control

Answer 3

The perform integrated change control process ensures that each project change is reviewed for its full affect on the project. When changes are approved this process ensures that the project components are updated to reflect the approved changes.

Question 4

Gold Plating

Answer 4

Is when the project manager add features and functions to a deliverable in order to consume all of the project budget. This is a waste of money. Usually turns to poor quality. Put the decision back on the stakeholder and have them decide what to do with the remaining budget. Give the customer the deliverable now and then they have the option to get additional items with the unused budget. This needs to be avoided.

Question 5

Administrative Closure

Answer 5

An assembly of all your project records. Determining if the project seceded or failed.

Question 6

Project Budget

Answer 6

Note: Is not a project constraint but can be a development constraint.

Question 7

Change Control

Answer 7

Note: Change Control falls into he bigger process of Integrated Change Control. This is useful for any questions.

Question 8

Project Baselines

Answer 8

Serves as a control tool. Project plan execution and work results are measured against the project baselines.

Question 9

Gantt Charts

Answer 9

Are excellent tools to measure and predict the project progress, but are not needed during the project plan development process.

Question 10

PMIS

Answer 10

Project management information system. A system to help track projects.

Question 11

CBB

Answer 11

Change Control Board. They approve or deny the change requests

Question 12

Configuration Management

Answer 12

Is the documentation of the project product, its attributes, and its changes to the product.

Question 13

Integrated Change Control

Answer 13

Describes how to incorporate all of the project changes across the knowledge areas.

Question 14

Scope Control

Answer 14

Describes how to manage changes, or potential changes to the project scope.

Question 15

Project Management Plan

Answer 15

The formal document used to manage and control project execution.

Question 16

Work Authorization System

Answer 16

Allows work to be approved and for new work to begin.

Question 17

EVM (Earned Value Management)

Answer 17

This is used throughout the entire project process. It is a planning and control tool used to measure performance.