Module 8: Project Work and Delivery Flashcards
What are some examples of communication filters?
Differences in culture
Dysfunctional behaviors
Educational backgrounds
What are some examples of communication barriers
Poor wifi
Resistant mindsets
Interpersonal conflicts
___ communication should be used for high priority information, ____ should be used for low.
Push, Pull
EVM stands for?
Earned value management
What does PV stand for and what does it mean?
Planned value - authorized budget of a project
What does EV stand for and what does it mean?
Earned value - measure of work preformed.
How do you calculate EV?
% of work complete x budget at completion
What does AC stand for and what does it mean?
Actual cost - realized cost incurred for work performed.
What is the cost variance formula and what does it measure?
EV - PV
% of how much proj if deviating from schedule
What is the schedule variance formula? How does its value correlate to the project?
EV - AC
> 0, ahead of schedule
= 0, on schedule
<0, behind schedule
What is the formula for cost performance index (CPI)? How does its value correlate to the project?
EV/AC
> 1, under budget
= 0, on on budget
< 1, over budget
What is the formula for estimate at completion? (EAC)
Budget at completion / AC
or
BAC/CPI
What is the formula for estimate to complete?
EAC - AC
What is the formula for variance at completion? What does its value correlate to?
BAC - EAC
< 0 , bad
> 0 , good
What are the 3 ways to get stakeholders to participate?
Engage, incentivize, isolate.
