Pmp Part 2 Flashcards
Scope management plan
A component of the project or program management plan that describes how the scope will be defined, developed, monitored, controlled and validated
Sensitivity analysis
An analysis method to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes by correlating variations in project outcomes with variations in elements of a quantitative risk analysis model
Tools for missed deadlines, work, overload, unclear task, dependencies, frequent scope, adjustments, inaccurate time estimates
Risk categories
Critical path method (CPM)
A method used to estimate the minimum project duration and determine the amount of schedule flexibility on the logical network paths within the schedule module.
Also a tool for solving the problem of overlapping activities
Risk categories
Technical, commercial, management, external
Simulation
An analytical method that models the combined affect of uncertainty to evaluate their potential impact on objectives
Single point estimating
An estimating method that involves using data to collect a single value, which reflects a best guess estimate
Sponsor
A person or group who provides resources and support for the project, and is accountable for enabling success
Stakeholder engagement plan
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
Steering committee
An advisory body of senior stakeholders who provide direction and support for the project team and make decisions outside the project teams authority
Story map
A visual model of all the features and functionality desired for a given product, created to give the team a holistic view of what they are building and why
Statement of work
A narrative description of products, services, or results to be delivered by the project
Tailoring
The deliberate adaptation of approach, governance, and processes to make them more suitable for the given environment and the work at Hand
Team charter
A document that records, the team values, agreements, and operating guidelines as well as establishes clear expectations regarding acceptable behavior by project team members
Team performance domain
The performance domain that addresses activities and functions associated with the people who are responsible for producing project deliverables that realize business outcomes
Throughput
The number of items passing through a process
Throughput chart
A diagram that shows the accepted deliverables overtime
Time and materials contract (T & M)
A type of contract that is a hybrid, contractual arrangement containing aspects of both cost reimbursement and fixed price contracts
Tolerance
The quantified description of acceptable variation for a quality requirement
Trend analysis
An analytical method that uses mathematical models to forecast future outcomes based on historical results
Uncertainty performance domain
The performance domain that addresses activities and functions associated with risk and uncertainty
Value
The worth, importance, or usefulness of something
Value delivery office (VDO)
A project delivery support structure that focuses on coaching teams. Also building agile skills and capabilities throughout the organization and mentoring sponsors and product owners to be more effective in those roles.
Value stream map
A display of critical steps in a process, and the time taken in each step used to identify waste. Value stream mapping is a lien enterprise method used to document, analyze, and improve the flow of information or materials required to produce a product or service for a customer
Vanity metric
A measure that appears to show some result, but does not provide useful information for making decisions
Variance
A quantifiable deviation, departure, or divert away from a known baseline or expected value
Variance analysis
A method for determining the cause and degree of difference between the baseline and actual performance
Velocity chart
A chart that attracts the rate at which the deliverables are produced, validated, and accepted with a predefined interval
Velocity
A measure of a team’s productivity rate at which the deliverables are produced, validated, and accepted with an a predefined interval
Examples of information flow
What is the output of most monitoring and controlling processes?
Work performance information
Components (areas) of emotional intelligence
Self awareness, self management (self regulation), social awareness, (empathy and understanding others feelings, reading, nonverbal cues, and body language), social skill (managing groups of people, such as project teams, building social networks, finding common ground)
Some models consider a fifth component of emotional intelligence – motivation (knowing what drives others)
Checking outcomes in the team performance domain
Shared ownership, high-performing team, leadership, and interpersonal skills demonstrated by all team members
Self protection
Team members inflate time estimates to safeguard against unforeseen delays.
Triple bottom line
Research
Experiments
A well designed series of experiments can help identify cause-and-effect relationship, relationships, or at least can reduce the amount of ambiguity
In the planning process group, what are the processes specific to scope?
Plan scope management, collect requirements, define scope, create work breakdown structure
In the planning process group, what are the processes specific to schedule/time?
Plan schedule management, define activities, sequence activities, estimate, activity duration, develop schedule
In the planning process group, what are the processes specific to cost?
Plan cost management, estimate cost, determined budget
In the planning process group, what is the process specific to quality?
Plan quality management
In the planning process group, what are the processes specific to resources?
Plan resource management, estimate activity resources
In the planning process group, what is the process specific to communication communications?
Plan communication, communications management
In the planning process group, what are the processes related to risk?
Plan, risk management, identify risks, perform qualitative risk analysis, perform quantitative risk analysis, plan risk response
In the planning process group, what are the processes specific to procurement and stakeholders?
Plan procurement management and plan stakeholder management
What are the processes in the execution process group?
Direct and manage project work (integration)
Manage project knowledge (integration)
Implement risk response.
Manage quality.
Acquire resources, develop team, manage team (human resource)
Manage communication communications.
Manage procurement.
Manage stakeholder engagement (stakeholder)
What are the processes in the monitor and control process group?
Monitor and control project work (integration)
Control scope
Control schedule.
Control cost
Control quality
Control resources
Monitor communications.
Monitor risks.
Control procurement.
Monitor stakeholder engagement
What are the outputs of each integration process?
Project charter (develop project charter)
Project management plan (develop project management plan)
Deliverables (direct and manage work).

Major outputs for the planning process group?
Management plans (scoop, schedule, budget, quality, resources, communications, risk, procurement, stakeholder, change, configuration, requirements.)
Baselines (scope, schedule, cost, performance measurement)
Project lifecycle description.
Development approach
Scope statement
Major outputs of initiating process group
Project charter, assumption, log, stakeholder register
Major outputs of executing process group
Work performance data, change request, team, performance assessments, selected, seller, agreements, issue, log, lessons learned to register
Major outputs of the monitoring and controlling process group
Accepted, deliverable, work performance information, work performance reports, approved change request
Major outputs of the closing process group
Final product, service, or result transition.
Final report 
Cycle time chart
 diagram shows the average cycle time of the work items completed overtime. A cycle time chart may be shown as a scatter diagram of our.
