PMP Study Deck - Integration

Question 1

T-based skillsets

Answer 1

Ability to work outside of core discipline. Broad and deep.

Question 2

Weighted scoring model

Answer 2

Method to score and prioritize projects not based on financial costs. Score based on other weighted metrics.

Question 3

Constrained otimization method

Answer 3

Weighted scoring method for projects on steriods. More sophisticated weighting catagories.

Question 4

IRR

Answer 4

Internal Rate of Return - expected rate of return on investment.

Question 5

COF

Answer 5

Cost of Funds - Cost of borrowing money or expected return on an investment.

Question 6

PV

Answer 6

Present Value

Question 7

FV

Answer 7

Future Value

Question 8

Payback method

Answer 8

How quickly investment is recovered.

Question 9

NPV

Answer 9

Net Present Value - sum of present values of the future cash inflows minus project investment.

Question 10

Opportunity cost

Answer 10

is simply the value of the project that was not selected.

Question 11

Sunk costs

Answer 11

Cost spent and not recoverable

Question 12

SME

Answer 12

Subject Matter Expert

Question 13

Information radiator

Answer 13

openingly visable project information board. Low tech, highly touchable

Question 14

5 techniques for resolving conflict

Answer 14

Withdraw/Avoid
Smooth/Accommodate
Compromise/Reconcile (lose/lose)
Force/Direct (win/lose)
Problem Solve/Collaborate (win/win) - also known as confrontational

Right solution is dependent on situation.

Question 15

Work performance data

Answer 15

Raw measurements and observations that are identified during the tasks performed in order to carry out the project work. It is raw data that is yet to be analyzed by the project manager and team

Question 16

Work peformance information

Answer 16

The performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas

Question 17

Work performance reports

Answer 17

Is the physical or electronic representation of work information compiled in project documents, intended to generate decisions, actions, or awareness.

Question 18

Issue log

Answer 18

List of project issues and resolutions.

Question 19

Explicit Knowledge

Answer 19

Knowledge that can easily be codified into work, numbers or pictures.

Question 20

Tactic Knowledge

Answer 20

Knowledge that is personal and dificult to express such as experience, insights and “know how”.

Question 21

Job shadowing

Answer 21

Observing job being performed.

Question 22

Reverse shadowing

Answer 22

Performing a job with expert watching and providing direction and feedback.

Question 23

CCB

Answer 23

Change Control Board - committee that approved project changes.

Question 24

Change Log

Answer 24

List of all project changes to be submitted.

Question 25

Lessons learned register

Answer 25

Project list for lessons learned.

Question 26

Lessons learned repository

Answer 26

Organization Process Asset where project lessons learned are stored and shared.