Project+ Extra 16 Flashcards
??? calculates cost of whole component by finding aggregate cost of constituent parts of whole component. Activity costs are combined into work package costs then aggregated up to WBS until single project cost is produced.
Cost Aggregation :
??? entities that can be used to influence success of project. Policies, procedures, guidelines, formal/informal plans, templates, lessons learned documents, historical info come under OPA. May also include completed schedules, EV data, and risk data. Any updates to OPA handled by project team members.
Organizational Process Assets :
??? internal/external factors that can have positive/negative influence on project outcome. Factors can support or limit project management options and act as inputs for planning processes. ex.’s : organizational culture, human resources pool, marketplace conditions, political situations, etc …
Enterprise Environmental Factors :
??? each dept. is responsible for carrying out specific similar set of activities. Multiple people perform each type of activity. Reporting is hierarchical, w/each individual reporting to single manager. PMs authority is low relative to functional managers authority. Team Members report to functional manager.
Functional Org. :
??? PM and core project team operate as separate organizational unit w/in parent org. Core team members are responsible for work of extended team member in their functional area. Team members often co-located. PM reports to program manager and has significant amount of authority and independence. Ad hoc resources.
Projectized Org. :
Elapsed Time : actual calendar time required for activity from start to finish.
Effort : measure of labor that must be applied to completion of particular task or work package.
Effort-Driven : describing a task where effort (or work) remains fixed regardless of no. of resources used to complete the work.
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??? planned work or deliverables that are contained in lowest level component of WBS. Also described as manageable work effort, or level at which cost and schedule for work can easily be estimated. Work packages can be broken down into smaller unit called activities.
Work Packages :
Activity : element of work package that requires action to produce a deliverable. Characteristics of activity -> has expected duration. Consumes budget and human resources.
Activity List : definitive list of activities that must be completed to produce desired project deliverables. Includes activity identifier and description of scope of work for each activity so each team member understand work required for completion. Listed in sequential order and used to estimate project duration and create project schedule.
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Milestone List : document containing project milestones and indicates if achieving milestones is mandatory or optional for project to move to next phase.
Lag : delay of start of successor activity
Lead : successor activity starts before predecessor activity ends.
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??? graphical show of sequence of project activities and dependencies among them. Typically accompanied by summary info, can include whole project or just specific parts of it.
Project Schedule Network Diagram :
