Predictive Method Terms Flashcards
The _________ methodology focuses on a linear and sequential approach to project management.
Predictive
In predictive project management, _________ are detailed and fixed before execution begins.
Requirements
_________ refers to the series of phases that a project goes through from initiation to closure.
Project Life Cycle
_________ is the process of formally recognizing the completion of the project or phase.
Closing
True or False: Predictive methodology is best suited for projects with well-defined requirements and scope.
True
True or False: In predictive project management, changes to scope are easily accommodated during execution.
False
True or False: The predictive methodology focuses on flexibility and iterative cycles.
False
True or False: The critical path method is often used in predictive project management to schedule tasks.
True
True or False: In predictive project management, stakeholder engagement is only required at the beginning of the project.
False
Define predictive project management and explain its key characteristics.
Predictive project management is a methodology that follows a linear and sequential approach where all project phases are planned in detail before execution begins. It is best suited for projects with stable and well-defined requirements.
What is a baseline in predictive project management?
A baseline is a reference point used to measure project performance against the original scope, schedule, and budget.
Explain the significance of the critical path in predictive project management.
The critical path is the sequence of tasks that determines the shortest possible project duration. It is essential for identifying tasks that directly impact the project’s completion time.
What is the primary purpose of a project charter in predictive methodology?
The project charter formally authorizes the project, defines objectives, and identifies key stakeholders.
Define the term “work breakdown structure” (WBS).
A work breakdown structure is a hierarchical decomposition of the total scope of work into smaller, manageable components.
Can predictive project management be used for projects with high levels of uncertainty?
No, predictive project management is better suited for projects with stable and well-defined requirements.
Does the planning phase in predictive project management accommodate frequent changes?
No, the planning phase aims for a fixed and detailed plan that minimizes changes.
Is stakeholder engagement less critical in predictive project management compared to agile methodologies?
No, stakeholder engagement is critical in all methodologies to ensure project success.
If a project finishes under budget but fails to meet stakeholder needs, is it considered successful in predictive methodology?
No, success is determined by meeting objectives and stakeholder satisfaction, not just cost performance.
Does predictive project management allow for overlapping phases?
No, phases in predictive methodology are typically sequential, with one phase completing before the next begins.
_________ and _________ are organizational influences that affect project success, categorized as either external or internal factors.
Enterprise Environmental Factors (EEFs), Organizational Process Assets (OPAs)
_________ is the process of collecting, recording, and analyzing data to identify trends or inform decisions during the project.
Data Analysis
A formal _________ is required to modify the project baseline in predictive methodology.
Change Request
True or False: Organizational Process Assets include policies, procedures, and historical information useful for managing projects.
True
True or False: Enterprise Environmental Factors are entirely controlled by the project manager.
False