Planning Performance Domain Flashcards
estimate
quantitative assessment of the amount or outcome of a variable such as costs, resource, effort, duration
accuracy
assessment of correctness, quality management system
crashing
method used to shorten the schedule duration for the least incremental cost by adding resources
fast tracking
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
budget
approved estimate for the project or any work breakdown structure component or any schedule activity
planning variables
1) developmental approach
2) project deliverables
3) organizational requirements
4) market conditions
5) legal or regulatory restrictions
project deliverables (5)
project deliverables necessitate planning in a certain way, up front planning for design, approvals, purchasing. logistics, delivery
organizational requirements
org governance, policies, procedures, processes, and culture approvals
market conditions
cost of delay from extensive planning exceeds risk of deliverable into market, speed to market
legal or regulatory restrictions
planning documents, authorization, permits
four aspects associated with estimating
- range
- accuracy
- precision
- confidence
ways to present estimates
- deterministic and probabilistic estimating
- absolute and relative estimating
- flow based estimating
- adjusting estimating for uncertainty
deterministic and probabilistic estimating
deterministic - also point estimates, present a single number such as 36 months
probabilistic - range of estimates with associated probabilities in that range,
absolute and relative estimating
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
flow based estimating
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
adjusting estimates for uncertainty
estimates need adjustments, need contingency funds
dependencies preventing a compressed schedule
- mandatory - relationship contractually required
- discretionary - best practices or project preferences
- external - relationship between project and non project activities
- internal - relationship between one or more project activities
which compression activities cannot be modified?
- mandatory
2. external
which compression activities can be modified
- discretionary
2. interal
adaptive schedule planning uses _____
incremental planning
put these in order: iteration, release, feature (user story), release plan, iteration plan, task a
- release
- release plan
- iteration
- iteration plan
- feature (user story)
- task a w/ hours
what is another word for features
user story
what work is in a timebox?
a prioritized backlog
project budget should ________
include contingency reserves to allow for uncertainty such as a risk response
management reserves are for _______
unexpected activities related to in-scope work
physical resources include______
lead time for delivery, storage, disposition of materials, inventory tracking
how does procurement play a role in planning?
help ensure they are informed up front to ensure goods and services will be available
what is a result of a risk event
change to the project
