PPT. Notes - Components Flashcards
A project management process component performed to formally complete or finish the project, phase, or contract. When the project comes to an end.
Closing
A Collect Requirements Process Component - A method of obtaining early feedback on requirements by providing a working model of the expected product before building it.
Prototypes/Prototyping
A communications management plan component that sets key messages that you will communicate to your stakeholders. This means setting a key message for each stakeholder that is aligned with your role.
Key Messages
Economic Term - The cost that is given up when selecting another project
Opportunity Cost
One of eight commonly used Agile Metric -
The sum of completed activities
Throughput
A project management process required to track, review, and regulate the project and performance of the project management plan; identify any areas in which changes to the plan are required; and initiate the corresponding changes.
Monitoring & Controlling
One of five phases in the Agile Proj. Mgmt. Framework -
Teams know that changes are likely to occur, and they are ready for them. By receiving continuous feedback from customers, the team can adapt accordingly and ensure that the product they deliver really produces the optimal value for end-users.
Adapt
Instructional Page Project Control Metric - The expected total cost of completing all work expressed as the sum of the actual cost to date and estimate to complete
Estimate at Completion
Special Metric used in Scrum -
This is a way of measuring how much work a certain team can complete within one sprint.
Velocity
A project management process component performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
Initiation/Initiating
A Dependency Link - Tasks B can’t finish until Task A has started
Start to Finish
Tool used in the Estimate Activity Resource Process - Because it may prove difficult to estimate complex activities, it makes sense to break activities down into smaller chunks of work so that they may be estimated and summed up from the bottom level.
Bottom-Up Estimating
A communications management plan component that outlines the main communication methods and different channels you will be using to contact stakeholders, such as email, phone calls, in-person meetings, video meetings, social media communications, etc.
Communication Methods
A Collect Requirements Process Component - Consists of reviewing and assessing any relevant information. Used to elicit requirements by analyzing existing documentation and identifying information relevant to the requirements.
Document Analysis
One of Two metrics used in Kanban -
The time it takes a task to be completed, from the time it is given to a team until the time it is fully completed. - To measure this, you not note: When an activity is prioritized and when an activity is done. - Often very different for every project, even for the same type of work.
Lead Time
One of five phases in the Agile Proj. Mgmt. Framework -
At this stage, you create a list of the product features. You break down the features and group them so you can derive a release plan and the milestones you will work to achieve. You should also analyze which tasks are more critical than other tasks of the project, and you decide how to maintain the quality of the deliverables.
Speculate
Tool used in the Estimate Activity Resource Process - When considering the resource requirements for each activity, it may be helpful to consider alternative ways of carrying out the work as well as the resources needed to do so.
Alternative Analysis
Activity Terminology - A distinct, scheduled portion of work performed during the course of a project.
Activity
A project management process performed to complete the work defined in the project management plan to satisfy the project requirements.
Executing
One of Two metrics used in Kanban - Measures how long it takes your team to directly deliver the tasks given to them. Starts from the point where the project team begins work on the tasks of a project.
Cycle Time
Schedule Path Terminology - The sequence of activities that represents the longest path through a project, which determines the shortest possible solution
Critical Path
A Collect Requirements Process Component - Provides a direct way of viewing individuals in their environment and how they perform their jobs or tasks and carry out processes. Also known as “job shadowing,” it is usually done externally by an observer viewing a business expert performing a job.
Observations
When a Dependency is not just a Dependency - A limiting factor that affects the execution of a project, program, portfolio process
Constraint
A communications management plan component that includes the main team members from your project team, along with their roles.
Team Members