Planning Performance Domain Flashcards
What is an estimate?
A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations.
What is accuracy?
Within the quality management system, accuracy is an assessment of correctness.
What is precision?
Within the quality management system, precision is an assessment of exactness.
What is crashing?
A method used to shorten the schedule duration for the least incremental cost by adding resources.
What is fast tracking?
A schedule compression method in which activities or phases normally done in sequence are done in parallel for at least a portion of their duration.
What is a budget?
The approved estimate for the project or any work breakdown structure (WBS) component or any scheduled activity.
What is the purpose of planning?
To proactively develop an approach to create the project deliverables.
What are some variables that influence how project planning is conducted?
Development Approach
Project Deliverables
Organizational Requirements
Market Conditions
Legal or Regulatory Restrictions
What is Product Scope?
The features and functions that characterize a product, service, or result.
What is project scope?
The work performed to deliver a product, service, or result with the specified features and functions.
What is flow-based estimating?
Flow-based estimates are developed by determining the cycle time and throughput. Cycle time is the total elapsed time it takes one unit to get through the process. Throughput is the number of items that can complete a process in a given amount of time.
What is the stepwise process for a predictive approach?
Decompose the project scope into specific activities
Sequence related events
Estimate the effort, duration, people, and physical resources required
Allocate people and resources to the activities based on availability
Adjust the sequence, estimates, and resources until an agreed-upon schedule is achieved
What happens if the schedule model does not meet the initial desired end date?
Schedule compression methods are applied such as crashing or fast-tracking.
What is a lead?
When the work of a successor activity is accelerated, such as starting a successor activity before the predecessor has finished.
What is a lag?
A lag is the delay of a successor activity.
