PM cards 10th 20 Flashcards
The roles and responsibilities document is part of what plan?
The resource planning phase of the planning group process.
What is a project organization chart?
it provide a snapshot of who is working on the project, but it also shows the reporting structure.
What is the staffing management plan?
Documents when and how human resources will be added to and released from the project team and what they will be working on while they are part of the team.
What occurs during the staff acquisition process?
you’ll choose the team members (or organizations) who will work on the project.
What is procurement planning?
the process of identifying the goods and services required for your project that will be purchased from outside the organization.
The ____________ details the goods or services you want to procure.
Statement of Work
What are the two components of Human Resources Planning?
Organizational Planning amd Staff Acquisitions
Analogous estimating is also known as?
Top-Down Estimating.
Cost estimating occurs during which of the five process groups?
Planning Process Group
What is the least accurate of all the cost estimating techniques?
Top-down estimating.
What cost estimating technique is best to use in the beginning planning stages of any project?
Top-down estimating.
What is bottom-up estimating?
It assigns a cost estimate to each work package on the project.
What is the most accurate type of cost estimating?
Bottom-up estimating.
What is work effort?
The total time it will take for a person to complete the task if they do nothing else from the time they start until the task is complete.
A work effort estimate is also referred to as a ________________.
Person-hour estimate.
In a bottom-up estimate the total cost of each task is figured by multiplying __________ by ____________.
Work Effort by Rate
What is the Cost Budgeting Process?
The process of aggregating all the cost estimates and establishing a cost baseline for the project.
What is the cost baseline?
The total expected cost for the project.
The __________ is used throughout the remainder of the project to measure the overall cost performance.
cost baseline
The ____________ is used to track the actual expenses incurred against the estimates.
Project Budget
Project budgets are usually broken down by specific _______________ that are defined by the accounting department.
cost categories
Salary, hardware, software, travel, training, and materials are examples of __________________ used in project budgets.
specific cost categories
What is a contingency reserve?
a certain amount of money set aside to cover costs resulting from possible adverse events on the project.
A contingency reserve is usually a ____________ of the total project cost.
percentage
