Project Controlling/Monitoring Flashcards

1
Q

Configuration Management (CM):

A

Concerned with the policies, processes and tools for controlling and managing assets or products.

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2
Q

Configuration Item (CI):

A

Any artefact that has been placed under configuration control, i.e. ensuring that versions are recorded and maintained and all versions are identified and stored for the lifetime

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3
Q

Configuration Version:

A

An instance of a configuration item that differs from other instances of that item. Versions always have a unique identifier, which is often composed of the configuration item name plus a version number

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4
Q

Configuration Version Management:

A

Keeping track of the multiple versions of assets/products and ensuring that changes made do not interfere with each other

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5
Q

Configuration Codeline:

A

A set of versions of a software component and other configuration items on which that component depends

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6
Q

Configuration Baseline:

A

A snapshot of the state of a product and any component products, frozen at a point in time for a particular purpose

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7
Q

Configuration Change Management:

A

Keeping track of requests for changes to the assets/products, working out the costs and impact of changes, deciding the changes should be implemented and track changes

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8
Q

Configuration System Building:

A

The process of assembling program components, data and libraries, to create an executable system

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9
Q

Configuration Release Management:

A

A release is a complete and consistent set of products, which forms a fixed reference point in the development of the end outcome

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10
Q

Change Management:

A

A process that manages change

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11
Q

Project Issues…

A

Typically captured in an Issue Log, are assessed to determine/plan actions and reviewed to monitor progress. Issues are also related to Risks

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12
Q

Control Schedule (ISO 21500):

A

Monitor schedule variances and take appropriate actions. Should focus on determining the current status of the project schedule and comparing to approved baseline schedule to determine any variance

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13
Q

Control Costs (ISO 21500):

A

Monitor cost variances and take appropriate actions. Determine the present project cost status, comparing to baseline costs to determine any variance

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14
Q

S-Curve Analysis - Pros and Cons:

A

Pros: Simple, clear and easy to update
Cons: May be misinterpreted and not tell the whole truth on project actual performance

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15
Q

Tracking Gantt Charts - Pros and Cons:

A

Pros: Easy to understand and update
Cons: Do not show underlying issues, do not easily allow for projections in the future

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16
Q

Earned Value Management (EVM) - Planned Value (PV):

A

The budget or baselined cost

17
Q

Earned Value Management (EVM) - Actual Cost (AC):

A

Actual cost (cumulative)

18
Q

Earned Value Management (EVM) - Earned Value (EV):

A

(Estimate) of the value of the work actually completed

19
Q

Earned Value Management (EVM) - Rate of Performance (RP):

A

Ratio of percentage of actual work completed to the percentage of work planned to have completed at any given point in time

20
Q

Earned Value Management (EVM) - Earned Value (EV) Formula =

A

EV = PV (to date) * RP

21
Q

Earned Value Management (EVM) - Cost Variance Formula =

A

Cost Variance = EV - AC

22
Q

Earned Value Management (EVM) - Schedule Variance (SV) =

A

SV = EV - PV

23
Q

Earned Value Management (EVM) - Cost Performance Index (CPI) Formula =

A

CPI = EV / AC

24
Q

Earned Value Management (EVM) - Schedule Performance Index (SPI) =

A

SPI = EV / PV

25
Q

Earned Value Management (EVM) - Estimate at Completion (EAC) =

A

Baselined Cost at Completion (BAC) / CPI

26
Q

Earned Value Management (EVM) - Estimate Time to Complete =

A

Original Time to Complete / SPI

27
Q

Control Project Performance - Earned Value Management (EVM)…

A

One may produce an earned value chart to track project performance, i.e. example for a 1-year project after 5 months

28
Q

Scrum/Agile - Velocity:

A

Cumulative running average of the Story Points delivered in a number of Sprints

29
Q

Scrum/Agile - Burndown Chart:

A

Horizontal Axis: Concrete Sprint Days

Vertical Axis: Team Capacity to Sprint Completion vs Effort Remaining