PMI Study Hall Plus Flashcards
In which stage of the Tuckman ladder of team development would an escalation of conflict with a new team member likely have the most costly impact?
Performing
Context: A disagreement among eight senior stakeholders about the prioritization of deliverables is blocking project planning. The project manager prefers a win/win resolution to the conflict to maintain or boost stakeholder support.
Question: Which conflict resolution should be used?
Collaborate/problem solve
Context: The project manager is spending too much time on communications with the numerous and varied stakeholders.
Question: What stakeholder analysis tool displays prioritized quadrants of stakeholder groups, useful to optimize the engagement strategy?
Stakeholder power/interest grid
Match the 4 characteristic behavior examples in A and B to either managers or leaders:
A: Inspire trust, Innovate, Develop, Challenge status quo
B: Rely on control, Administrate, Maintain, Accept status quo
A: Leaders Inspire trust, Innovate, Develop, Challenge status quo
B: Managers Rely on control, Administrate, Maintain, Accept status quo
Which prioritization method is based on a quickly producing valuable
deliverables?
Return of Investment (ROI)
What is another term defining Network Organizations?
Virtual Organization
Context: One of the main socialization needs for most people is s positive perception from superiors.
Question: What can the Project Manager do to fulfill this desire without
compromising the outcome?
Testing opinions against facts and encouraging debate based upon merit
Context: Quality Assurance mandate constant monitoring during the project to ensure that the project objectives will be met.
Question: What project management processes should be in place to prepare the final verification process?
Contract or SOW
Scope Baseline
Change Control Process
Communication Plan
Testing Strategy
What is BATNA?
Best Alternative to Negotiated Agreement
Context: Quantitative methods have an important role to play in the decision making process. providing possible outcomes of diverse courses of action
Question: What is the Decision Making Matrix process?
The formula for EMV (Schuyler, 1993) is: EMV(x) =S [PV(x) * p(x)], where: x = possible outcome, PV(x) = present value of outcome, p(x) = probability of outcome
Each task is assigned a budget, and the aggregate of these estimates results in the project budget. _____ include labor, materials, equipment, and fixed cost items like contractors, services, facilities, financing costs, etc. This information can be presented in detail or summarized.
Activity Cost Estimates
_____ can help you plan your project appropriately from the beginning to ensure that you are able to focus on the quality of each deliverable.
Agile Estimating
The four core values of Agile software development as stated by the _____ are: individuals and interactions over processes and tools; working software over comprehensive documentation; customer collaboration over contract negotiation; and. responding to change over following a plan.
Agile Manifesto
A _____ is a document that describes how and when the benefits of a project will be derived and measured
Benefits Management Plan
_____ is a simple technique used to generate a list of ideas. It should be led by a facilitator with a group consisting of stakeholders, team members, and subject matter experts. After quickly generating a list of alternatives, the group then performs analysis of the alternatives and generally chooses a particular option for action.
Brainstorming
A chart that shows how much work is completed, and how much work remains, in the current iteration
Burndown Chart
The list of user stories that are not currently being worked on. They should be in priority order and ready for development in a future iteration
Backlog
The ______ provides a framework for the integration of process improvement for multiple process areas.
Capability Maturity Model Integration (CMMI)
When a stakeholder requests that the project manager makes changes to the project, a ______ form is filled out and filed within the project management plan
Change Request(s)
A _____ is allocated to respond to the “known unknowns.” These “known unknowns” are risks in the risk register that have planned responses
Contingency Reserve
_____ are used to analyze and communicate the variability of a process or project activity over time
Control Charts and Variability Control Charts
A _____ allows project managers to compare if the benefits of an action outweigh the costs or, conversely, if the costs outweigh the benefits. This can be an important criterion in decision making.
Cost-Benefit Analysis
Also known as the daily scrum, a brief meeting for agile teams to discuss progress from previous day, intentions for current day and impediments encountered or anticipated.
Daily Standup
An assessment of the data obtained using the decision tree method to evaluate various possible outcomes.
Decision Tree Analysis
The process of breaking user stories down into smaller, more executable user stories or tasks.
Decomposition Process
_______ is a set of technical guidelines that may be applied during the design of a product for the optimization of a specific aspect of the design. ______ can control or even improve the product’s final characteristics
Design for X (DfX)
A stakeholder _____ is a guideline based on the stakeholder analysis that sets forth processes for engaging with stakeholders at current and all future states of the project.
Engagement Roadmap
______ are any or all environmental factors either internal or external to the project that can influence the project’s success. ______ includes culture, weather conditions, government regulations, political situations ,and market conditions.
Enterprise Environmental Factor(s) (EEF)
_____ is a method of calculating the average outcome when the future is uncertain. Opportunities will have positive values and threats will have negative values
Expected Monetary Value (EMV)
Five Stages of Change Management
- Change identification: Involves identifying the changes that must be made to a project. The changes may positively or negatively impact the planned project deliverables and performance. The requirement for change can be identified by anyone involved in the project.
- Change documentation: Involves documenting the changes in the change control form, initiating a formal request for the change.
- Analyzing the impact of the change: Involves identifying and assessing issues that may arise and adversely impact the various aspects of the project. This will usually be done by the project manager or any other requester.
- Course of action: Involves coordinating with the appropriate stakeholders to select the necessary actions to be taken and implementing the approved changes.
- Updating related plans: Involves updating the project management plan components related to the approved change requests.
In agile practices, ________ (s) are a shared site or location in which important information can be shared
Information Radiator
_____ as applied to cost estimates, can be described as managing project phases
Governance
The _____ is the interest rate that makes the net present value of all cash flow equal to zero
Internal Rate of Return (IRR)
An _____ is a documentation element of project management that contains a list of ongoing and closed issues of the project. Issue logs can be used to order and organize current issues by type and severity in order to prioritize issues associated with the current milestone or iteration.
Issue Log
_____ visually depict work at various stages of a process. Cards represent work items and columns to represent each stage of the process, they are moved from left to right to show progress and to help allocate resources and coordinate teams performing the work.
Kanban Boards
_______ used to align team performance with vision and objectives. ______ metrics help assure the team that they are progressing toward project goals. There are key indicators to let the team and others know that their performance is feeding into project success.
Key Performance Indicators (KPIs)
The________ register is used to record knowledge gained during a project that can be used for improving that team’s project performance, and potentially other teams and other projects.
Lessons Learned
A _____ includes funds that are to be allocated at a high level for the “unknown unknowns.”
Management Reserve
A simplified product released to a limited audience to test the audience’s reactions and gain feedback. This feedback may be used to continuously modify and iterate the product before releasing it to the broader market.
Minimum Viable Product (MVP)
A _____ is a histogram that is used to rank causes of problems in a hierarchical format. The goal is to narrow down the primary causes of variance on a project and focus the energy and efforts on tackling the most significant sources of variance
Pareto Chart
These assets are often processes, products, or artifacts that are used within any given organization and sometimes these are the results of other projects.
Organizational Process Assets (OPAs)
Training alone may not ensure that the required knowledge and skills are translated. In some cases, the training can be augmented by pairing team members or creating mentoring situations to ensure the learning is transferred appropriately into performance.
Pairing and Mentoring
The _____ is the current value of a future sum of money or stream of cash flows given a specific rate of return.
Present Value (PV)
A component of the project management plan, this document describes the processes used in the production of the project’s deliverables, how they will be monitored, and under
what conditions they might be changed.
Process Improvement Plan
A document, issued by the project sponsor, that contains information on project purpose, objectives, and success criteria that can be taken into consideration when engaging stakeholders
Project Charter
This document outlines how the project will be managed, and includes the project schedule, budget, quality standards, project team requirements, project control, and anything else that is necessary to communicate how the project will be managed
Project Management Plan (Update)
A _____ combines the efforts of quality assurance and quality control to establish, maintain, and evaluate the total quality management of the project, process, and deliverables
Quality Management Plan
Often included within the quality or process management plans, this document outlines the project or product attributes that will be monitored and controlled, and how the Control Quality process will control them.
Quality Metrics
An acronym derived from the four key responsibilities most typically used: Responsible, Accountable, Consulted, and Informed. It is used for clarifying and defining roles and responsibilities in cross-functional or departmental projects and processes.
RACI
_____ is the process of estimating stories or backlog tasks in relation to each other instead of in units of time.
Relative Estimating
This is the central part of the requirements management plan. It tracks each requirement to ensure all of the small details are addressed and the requirements are satisfied
Requirements Traceability Matrix
_____ is a financial metric of profitability that measures the gain or loss from an investment relative to the amount of money invested.
Return on Investment (ROI)
A ______ is a business document that announces and provides details about a project, as well as solicits bids from contractors who will help complete the project.
Request for Proposal (RFP)
A record of all risks identified on a project. It is usually reviewed regularly by the team and contains information on score, management approach, analysis, etc. It is maintained by the project manager.
Risk Register
This plan involves reducing and eliminating risks and their potential impacts through appropriate mitigation techniques
Risk Response Plan
The _____ is a component of the project management plan, which outlines how the project scope will be managed, how scope changes will be addressed, and how the project scope will be monitored and controlled to ensure scope changes do not happen unless they are required.
Scope Management Plan
_______ detail project deliverables and the major objectives of a project, including measurable outcomes.
Scope Statement(s)
A ______ is an agreement between a service provider and a stakeholder, often a customer. Aspects of the service such as quality, availability, and responsibilities are detailed in this agreement
Service-Level Agreement (SLA)
The _____ details all the skills your team possesses. This includes interpersonal skills needed to establish and maintain relationships with other people. Some of the skills may be irrelevant to you or your project team, while some are highly relevant to your goals.
Skills List
A technique of gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account throughout the project.
Stakeholder Analysis
The _____ is a component of the project management plan that identifies the strategies and actions required to promote productive involvement of stakeholders in project or program decision making and execution.
Stakeholder Engagement Plan
Stakeholder involvement and management is often documented in a _____. The _____ is a project document that includes the identification, assessment, and classification of project stakeholders.
Stakeholder Register
A _______ is a document used to describe the project’s work. The ______ identifies requirements, deliverables, scope, project details, and timelines for delivery.
Statement of Work (SoW)
_____ is defined as choosing part of a population of interest for inspection. It’s a technique that is used to determine the characteristics of an entire population based on the actual measurement of a representative sample of that population
Statistical Sampling
_____ are used in agile practice to estimate the amount of time it will take to complete a story item from the project backlog
Story Points
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A _____ is a technique for assessing these four aspects of a business
SWOT Analysis
The _____ is a document that enables the team to establish its values, agreements, and practices as it performs its work together
Team Charter
Based on your project’s stakeholder analysis, you will need to assess current skills, the required skills based on the project’s deliverables, and the changes this will make to customer workflows and roles.
Training Gap Analysis
The project manager may produce different kinds of _____ as the team carries out its work, including team estimates, deliveries, and performance.
Variance Analysis
_____ is a desired end state, often described as a set of desired objectives and outcomes
Vision
A _______ is a deliverable-oriented breakdown of a project into smaller components. A _____ is a key project deliverable that organizes the team’s work into manageable sections.
WBS (work-breakdown structure)
_____ are defined as the smallest elements from the work breakdown structure. Each ______ is a deliverable within the full project
Work Packages
A common Extreme Programming (XP) technique describes a common vision of how a program works, which is called the ______.
XP Metaphor
A self-evaluation process, and feedback from subordinates, colleagues, and supervisor.
360-degree feedback
A recurring meeting in agile environments for teams to discuss things to keep doing or stop doing and new ideas for improvements to their processes.
Retrospective
What are the strategies in practice to manage external stakeholders in mega projects?
- Persuasion
- Deputation
- Give and take
- Extra work for stakeholders
- Flexibility
What are the four well known styles of group decision making?
- Command Style
- Consultative Style
- Consensus Style
- Majority Vote
What makes leaders blind to the shared leadership potential in their teams?
- Traditional understanding of leadership
- Over confidence in their own role
- Fear of becoming dispensable
Context: Caren’s company has shifted from working on waterfall to agile methodology.
Question: What kind of organization hopes team dynamics will improve as the project progresses from one phase to the next and rely upon teamwork to get the job done?
Projectized organization
Project success depends upon which of the following:
The project manager’s ability to recognize what motivates team members
The project team being responsible for the quality of the project delivery
The stakeholders for their engagement with the project team
The sponsor’s ability to build pride, team spirit and overall morale
The project manager`s ability to recognize what motivates team members
Assign the following behaviors to a Resonant or Dissonant Leaders:
Protect others, hostile with others, engage others, encourages others, blame others, excite others, are self-centric
Resonant Leaders: Protect others, engage others, encourages others, excite others
Dissonant Leaders: Hostile with others, blame others, are self-centric
A project has to be finished three weeks before the planned end date. The project manager promised their team an economic incentive and a week paid vacation in compensation. What type of motivation is the project manager using?
Theory of Expectancy