Planning Performance Domain

Question 1

What is the “planning performance domain”?

Answer 1

This organizes, elaborates, and coordinates project work throughout the project.

Question 2

What are possible outcomes for the “planning performance domain”?

Answer 2

1) the project progresses in an organized, coordinated, and deliberate manner.
2) holistic approach to delivering project outcomes.
3) evolving info is elaborated to produce the deliverables and outcomes for which the project was undertaken.
4) time spent planning is appropriate.
5) planning information is sufficient to manage stakeholder expectations
6) there is a process for adaptation of plans throughout the project based on emerging and changing needs or conditions.

Question 3

What is the meaning of “estimate”?

Answer 3

A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations.

Question 4

What is the meaning of “accuracy”?

Answer 4

This is an assessment of correctness.

Question 5

What is the meaning of “precision”?

Answer 5

This is an assessment of exactness.

Question 6

What is the meaning of “crashing”?

Answer 6

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

Question 7

What is the meaning of “fast tracking”?

Answer 7

A schedule compression method in which activities or phases are normally done in sequence are performed in parallel for at least a portion of their duration.

Question 8

What is the meaning of “budget”?

Answer 8

The approved estimate for the project or any work breakdown structure (WBS) component or any scheduled activity.

Question 9

What is the “purpose of planning”?

Answer 9

to proactively develop an approach to create the project deliverables.

Question 10

What is the purpose of the “product life cycle assessment”?

Answer 10

This informs the design of products and processes, and it considers the impact of materials and processes with regard to sustainability, toxicity, and the environment.

Question 11

What is the “development approach” regarding planning?

Answer 11

this approach can influence how, how much, and when planning is conducted.

Question 12

What are “project deliverables” regarding planning?

Answer 12

The planning process of the deliverables is determined by the industry. I.e. construction projects require a significant up-front planning to account for all facets.

Question 13

What are “organizational requirements” regarding planning?

Answer 13

organizational governance, policies, procedures, processes, and culture may require project managers to produce specific planning artifacts.

Question 14

What are “market conditions” regarding planning?

Answer 14

the type of market conditions directly parlays into how plans are developed.

Question 15

What are “legal or regulatory restrictions regarding planning?

Answer 15

these agencies or statutes may require specific planning documents before granting authorization to proceed or to secure approval.

Question 16

What does planning “entail”?

Answer 16

developing estimates for work effort, duration, costs, people, and physical resources.

Question 17

What is an “estimate range”?

Answer 17

This range decreases as more information is known about a project.

Question 18

What is “estimate accuracy”?

Answer 18

This is the accuracy of a project based on the details that are available.

Question 19

What is “estimate precision”?

Answer 19

This is the degree of exactness associated with the estimate. The precision should be compatible with the desired accuracy.

Question 20

What is “estimate confidence”?

Answer 20

This increases with experience.

Question 21

What are “deterministic estimates”?

Answer 21

These are estimates that present an exact number or amount, i.e. “36 months”.

Question 22

What are “probabilistic estimates”?

Answer 22

These include a range of estimates along with probabilities. They can be developed manually with a weighted average based on likely outcomes or run a simulation to develop the probability of a particular outcome.

Question 23

What are 3 factors of a probabilistic estimate from a compute simulation?

Answer 23

1) point estimate with a range, i.e. 3 months +/- 1 month.
2) statement of confidence, i.e. 95% confident
3) probability distribution describing the dispersion of data within and around a given range.