Predictive, Plan Based Methodologies Flashcards
What is the Predictive Approach Suitability?
Works best in structured environments with clear requirements.
The Predictive Approach is often used in projects where the scope and requirements are well-defined from the outset.
What are the process activities in a Predictive Approach?
Planning, execution, monitoring, controlling, and closing.
These activities encompass the entire project lifecycle.
What are the project components in a Predictive Approach?
Scope, schedule, budget, quality, risks, and stakeholders.
Each component plays a crucial role in project management and outcomes.
What does the Critical Path Method (CPM) determine?
The longest sequence of dependent tasks.
CPM is essential for understanding project timelines and identifying critical tasks.
What does Schedule Variance (SV) measure?
Measures schedule performance using SV = EV - PV (Earned Value - Planned Value).
SV indicates whether a project is ahead or behind schedule.
What is a Work Breakdown Structure (WBS)?
A hierarchical decomposition of project tasks.
WBS helps in organizing the project into manageable sections.
What are Work Packages in a WBS?
Smallest deliverables in a WBS.
Work Packages are critical for task assignment and tracking.
What does a Quality Management Plan define?
Defines quality standards, control measures, and assurance activities.
Ensuring quality is vital for project success.
What is the purpose of an Integration Management Plan?
Coordinates project components for consistency.
This plan ensures that all aspects of the project work together effectively.
What are Predictive Project Artifacts?
Includes project plans, Gantt charts, issue logs, and risk registers.
These artifacts are essential for tracking project progress and managing risks.
How is Cost Variance (CV) calculated?
CV = EV - AC (Earned Value - Actual Cost).
CV helps assess whether the project is under or over budget.
How is Schedule Variance (SV) calculated?
SV = EV - PV (Earned Value - Planned Value).
This calculation indicates the project’s schedule performance.
