Planning Performance Domain

Question 1

estimate

Answer 1

quantitative assessment of the amount or outcome of a variable such as costs, resource, effort, duration

Question 2

accuracy

Answer 2

assessment of correctness, quality management system

Question 3

crashing

Answer 3

method used to shorten the schedule duration for the least incremental cost by adding resources

Question 4

fast tracking

Answer 4

schedule compression method in which activities normally done in series is done in parallel, for at leas a portion of their duration

lead- the work from for the next task is starting before finishing the previous task

lag- the work from the next task is delayed

Question 5

budget

Answer 5

approved estimate for the project or any work breakdown structure component or any schedule activity

Question 6

planning variables

Answer 6

1) developmental approach
2) project deliverables
3) organizational requirements
4) market conditions
5) legal or regulatory restrictions

Question 7

project deliverables (5)

Answer 7

project deliverables necessitate planning in a certain way, up front planning for design, approvals, purchasing. logistics, delivery

Question 8

organizational requirements

Answer 8

org governance, policies, procedures, processes, and culture approvals

Question 9

market conditions

Answer 9

cost of delay from extensive planning exceeds risk of deliverable into market, speed to market

Question 10

legal or regulatory restrictions

Answer 10

planning documents, authorization, permits

Question 11

four aspects associated with estimating

Answer 11

1. range
2. accuracy
3. precision
4. confidence

Question 12

ways to present estimates

Answer 12

1. deterministic and probabilistic estimating
2. absolute and relative estimating
3. flow based estimating
4. adjusting estimating for uncertainty

Question 13

deterministic and probabilistic estimating

Answer 13

deterministic - also point estimates, present a single number such as 36 months

probabilistic - range of estimates with associated probabilities in that range,

Question 14

absolute and relative estimating

Answer 14

specific information and use actual numbers
example: 15 workdays working 8 hours a day is 120 hours

relative - comparison to other estimates, only having meaning in given context

Question 15

flow based estimating

Answer 15

determine cycle time and throughput
cycle time - total time taken for one unit to get through a process
through put - number of units can complete a process in a given time

Question 16

adjusting estimates for uncertainty

Answer 16

estimates need adjustments, need contingency funds

Question 17

dependencies preventing a compressed schedule

Answer 17

1. mandatory - relationship contractually required
2. discretionary - best practices or project preferences
3. external - relationship between project and non project activities
4. internal - relationship between one or more project activities

Question 18

which compression activities cannot be modified?

Answer 18

1. mandatory

2. external

Question 19

which compression activities can be modified

Answer 19

1. discretionary

2. interal

Question 20

adaptive schedule planning uses _____

Answer 20

incremental planning

Question 21

put these in order: iteration, release, feature (user story), release plan, iteration plan, task a

Answer 21

1. release
2. release plan
3. iteration
4. iteration plan
5. feature (user story)
6. task a w/ hours

Question 22

what is another word for features

Answer 22

user story

Question 23

what work is in a timebox?

Answer 23

a prioritized backlog

Question 24

project budget should ________

Answer 24

include contingency reserves to allow for uncertainty such as a risk response

Question 25

management reserves are for _______

Answer 25

unexpected activities related to in-scope work

Question 26

physical resources include______

Answer 26

lead time for delivery, storage, disposition of materials, inventory tracking

Question 27

how does procurement play a role in planning?

Answer 27

help ensure they are informed up front to ensure goods and services will be available

Question 28

what is a result of a risk event

Answer 28

change to the project