Old notes Flashcards
Scope Management involves focusing on
doing the only work that meets the objectives of the project charter
In contracts, special provisions takes precedence over
general provisions
main output of validate scope
Change requests
In closing phase, to ensure you do not have opened risks.. what should you review?
Risk report not risk register
The most effective way to resolve stakeholders issues
face to face meetings
As PM, when should u specially consider cultural differences?
When rewarding during team development
Most appropriate technique if u want number of experts to identify project risks but also wish to receive unbiased data
Interviewing
Benefits Management Plan
Done before starting the project by portfolio and his team
risk has 7% chance to happen and costs 2500 dollars, what is the EMV?
-2500 * .07 = -175 $
Anything related to data includes lessons learned, schedules and historical data
OPA
PM has no control on it, related to organizational infrastructure
EEF
EMV - Expected Monetary Value - القيمة النقدية المتوقعة
Calculate the impact in minus, multiply percentage of chance of happening by the cost
Standard Deviation Formula
(P-O)/6
Process of Elimination
Rejecting each possible choice until only one is left
Benchmarking
Compare what we have with other organizations
Life Cycle Costing
Tracking cost through out life of project
50/50 rule
Activity considered 50% completed when it begins and gets credit of the rest 50% only when it is completed
Context Diagrams
Tool used to describe the scope and how it relates to other systems
SWOT Analysis
Strength, Weakness, opportunities and Threats
GANTT Chart
used for schedules
Regression Analysis
used to examine series of input variables, independent variables. It is used to predict the dependent variable
reciprocal
interactive - متبادل - تفاعلي
Risk Rating Matrix
X is probability, Y is impact. Used during risk assessment to define the level of risk
Inspection
Observe performance of work or product against requirements