Module 7: Predictive Approaches Flashcards

1
Q

What are some characteristics of a predictive approach?

A

Environment is stable and fixed
Frequent feedback not possible
Single point of delivery (end)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the 5 PM process groups for predictive cycles?

A

Initiating
Planning
Executing
Monitoring
Closing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What happens during the initiation process?

A

Defines new project and authorizes start. Alignment with stakeholders.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What happens in the planning process?

A

Establishing scope and objectives
Creating PM plan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What happens during the executing process?

A

Processes performed to complete the work defined in the PM plan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What happens in the monitor/control process?

A

Track, review, regulate progress and performance of project. Identify any changes that need made.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What happens in the closing process?

A

Formally close project, host lessons learned.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Where along the process do these four activities lie:

  1. Control the scope
  2. Develop the PM plan
  3. Direct and manage project work
  4. Develop the charter
A
  1. Monitor
  2. Plan
  3. Execute
  4. Initiate
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Which aspects of a project can a PM tailor in a predictive lifecycle?

A

Engagement, tools, methods/artifacts and processes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Defn: Procurement Contract

A

Mutually binding agreement for seller to provide goods/services in exchange buyer provide $ or equal goods/services.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

The three types of procurement contracts are:

A

Fixed price
Cost +
Time and Material

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What are the three types of bid documents

A

Req for info
Req for proposal
Req for quote

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Defn: Scope creep

A

Uncontrolled change to product/scope w/o adjusting the time, cost or resources.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Defn: Work breakdown structure

A

Hierarchical decomposition of total scope to be carried out by the project team to accomplish project objectives and create required deliverables.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

_____ have no duration or resources

A

Milestones

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the 4 types of dependencies?

A

Finish to Start
Start to Start
Finish to Finish
Start to Finish

17
Q

What are the three methods to estimate the duration of a project?

A

Analogous
Parametric
3 Point estimate

18
Q

What is the formula for the 3 point estimate duration?

A

E = (Optimistic + Likely + Pessimistic ) 3

19
Q

3 Steps for creating schedule based on estimations

A

Forward Pass - shortest proj duration
Backward Pass -
Calculate Float

20
Q

What is the float formula?

A

LS - ES = float

21
Q

What is crashing a schedule and what is the negative of it?

A

Adding resources to ensure time scope if met. Additional costs

22
Q

What is fast tracking a schedule and what is the negative of it?

A

Overlapping critical activities

Risk of rework

23
Q

Defn: Critical path

A

Sequence of activities that represent the longest path through the project, determines the shortest possible duration.

24
Q

T/F: The critical path has float

A

NO

25
Q

T/F: Critical path activities have to be on the critical path

A

NO

26
Q

What are the 5 strategies for dealing with threats?

A

Escalate
Avoid
Transfer
Mitigate
Accept

27
Q

What are the 5 strategies for dealing with opportunities?

A

Escalate
Exploit
Share
Enhance
Accept

28
Q
A