Module 7: Predictive Approaches Flashcards
What are some characteristics of a predictive approach?
Environment is stable and fixed
Frequent feedback not possible
Single point of delivery (end)
What are the 5 PM process groups for predictive cycles?
Initiating
Planning
Executing
Monitoring
Closing
What happens during the initiation process?
Defines new project and authorizes start. Alignment with stakeholders.
What happens in the planning process?
Establishing scope and objectives
Creating PM plan
What happens during the executing process?
Processes performed to complete the work defined in the PM plan
What happens in the monitor/control process?
Track, review, regulate progress and performance of project. Identify any changes that need made.
What happens in the closing process?
Formally close project, host lessons learned.
Where along the process do these four activities lie:
- Control the scope
- Develop the PM plan
- Direct and manage project work
- Develop the charter
- Monitor
- Plan
- Execute
- Initiate
Which aspects of a project can a PM tailor in a predictive lifecycle?
Engagement, tools, methods/artifacts and processes
Defn: Procurement Contract
Mutually binding agreement for seller to provide goods/services in exchange buyer provide $ or equal goods/services.
The three types of procurement contracts are:
Fixed price
Cost +
Time and Material
What are the three types of bid documents
Req for info
Req for proposal
Req for quote
Defn: Scope creep
Uncontrolled change to product/scope w/o adjusting the time, cost or resources.
Defn: Work breakdown structure
Hierarchical decomposition of total scope to be carried out by the project team to accomplish project objectives and create required deliverables.
_____ have no duration or resources
Milestones
