Performance Domain Method - Data Gathering and Analysis Methods Flashcards
Alternatives Analysis
Data Gathering and Analysis Methods - is used to evaluate identified options in order to select the options or approaches to perform the work of the project.
PLANNING PROJECT DELIVERY UNCERTAINTY
Assumption and constraint analysis
Data Gathering and Analysis Methods - This form of analysis ensures that assumptions and constraints are integrated into the project plans and documents, and that there is consistency among them.
PLANNING DELIVERY UNCERTAINTY
Benchmarking
Data Gathering and Analysis Methods - is the comparison of actual or planned products, processes, and practices to those of comparable organizations, which identifies best practices, generates ideas for improvement, and provides a basis for measuring performance.
DELIVERY MEASURMENT
Business justification analysis
Data Gathering and Analysis Methods - This group of analysis methods is associated with authorizing or justifying a project or a decision.
DEV PLANNING MEASURMENT
Business justification analysis 5 analysis
- Payback period
- Internal rate of return (IRR)
- Return on investment (ROI)
- Net present value (NPV)
5.Cost-benefit analysis
Payback period
The payback period is the time needed to recover an investment, usually in months or years
DEV PLANNING MESUREMENT
Internal rate of return (IRR)
Is the projected annual yield of a project investment, incorporating both initial and ongoing costs into an estimated percentage growth rate a given project is expected to have.
PLANNING MESUREMENT
Return on investment (ROI)
Is the percent return on an initial investment, calculated by taking the projected average of all net benefits and dividing them by the initial cost.
PLANNING MESUREMENT
Net present value (NPV)
Is the future value of expected benefits, expressed in the value those benefits have at the time of investment.
DEV PLANNING DELIVERY MESUREMENT
Cost-benefit analysis
A cost-benefit analysis is a financial analysis tool used to determine the benefits provided by a project against its costs
PLANNING MESUREMENT
Check sheet.
Data Gathering and Analysis Methods - Is a tally sheet that can be used as a checklist when gathering data. Check sheets can be used to collect and segregate data into categories. Check sheets can also be used to create histograms and matrices.
DELIVERY MESUREMENT
Cost of quality (COQ)
Data Gathering and Analysis Methods - All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements.
PLANNING DELIVERY MESUREMENT
Decision tree analysis
Data Gathering and Analysis Methods - A diagramming and calculation method for evaluating the implications of a chain of multiple options in the presence of uncertainty.
PLANNING MESUREMENT
Earned value analysis(EVA)
Data Gathering and Analysis Methods - An analysis method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project.
PLANNING MESUREMENT
Expected monetary value(EMV)
Data Gathering and Analysis Methods - The estimated value of an outcome expressed in monetary terms.
PLANNING MESUREMENT
Forecasting
Data Gathering and Analysis Methods - is an estimate or prediction of conditions and events in the project’s future, based on information and knowledge available at the time of the forecast.
MESUREMENT
Influence diagram
Data Gathering and Analysis Methods - This diagram is a graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes.
PLANNING
Life cycle assessment
Data Gathering and Analysis Methods - is a tool used to evaluate the total environmental impact of a product, process, or system.
PLANNING
Make-or-buy analysis
Data Gathering and Analysis Methods - is the process of gathering and organizing data about product requirements and analyzing them against available alternatives such as the purchase versus internal manufacture of the product.
PLANNING PROJECT
Probability and impact matrix
Data Gathering and Analysis Methods - A probability and impact matrix is a grid for mapping the probability of occurrence of each risk and its impact on project objectives if that risk occurs.
PLANNING UNCERTAINTY
Process analysis
Data Gathering and Analysis Methods - is a systematic review of the steps and procedures to perform an activity.
PLANNING PROJECT DELVERY INCERTAINTY
Regression analysis
Data Gathering and Analysis Methods - is an analytical technique where a series of input variables are examined in relation to their corresponding output results in order to develop a mathematical or statistical relationship.
PLANNING MEASUREMENT
Root cause analysis
Data Gathering and Analysis Methods - is used to determine the basic underlying cause of a variance, defect, or a risk.
PROJECT DELIVERY
Sensitivity analysis
Data Gathering and Analysis Methods - is used to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes by correlating variations in project outcomes with variations in elements of a quantitative risk analysis model.
PLANNING PROJECT DELIVERY
Simulation
Data Gathering and Analysis Methods - This analytical technique uses models to show the combined effect of uncertainties in order to evaluate their potential impact on objectives.
PLANNING MEASURMENT
Stakeholder analysis
Data Gathering and Analysis Methods - This technique involves systematically gathering and analyzing quantitative and qualitative information about stakeholders to determine whose interests should be taken into account throughout the project.
STAKEHOLDER PLANNING PROJECT
SWOT analysis
Data Gathering and Analysis Methods -
1. Strengths
2. Weaknesses
3. Opportunities
4. Threats
of an organization, project, or option.
PLANNING UNCERTAINTY
Trend analysis
Data Gathering and Analysis Methods - uses mathematical models to forecast future outcomes based on historical results.
MEASURMENT
Value stream mapping
Data Gathering and Analysis Methods - is a lean enterprise method used to document, analyze, and improve the flow of information or materials required to produce a product or service for a customer.
PLANNING PROJECT DELIVERY
Variance analysis
Data Gathering and Analysis Methods - is used to determine the cause and degree of difference between the baseline and actual performance.
MESUREMENT
What-if scenario analysis
Data Gathering and Analysis Methods - evaluates scenarios in order to predict their effect on project objectives.
PLANNING UNCERTAINTY
