Quiz 2 Planning Performance Domain Flashcards
A quantitative assessment of the likely amount or outcome of a variable, such as project costs, resources, effort, or durations.
Estimate
Within the quality management system, accuracy is an assessment of correctness. (Refers to CORRECTNESS)
Accuracy
Within the quality management system, precision is an assessment of exactness. (Refers to EXACTNESS)
Precision
A method used to shorten the schedule duration for the least incremental cost by adding resources.
Crashing
A schedule compression method in which activities or phases are normally done in sequence are performed in parallel for at least a portion of their duration.
Fast Tracking
The approved estimate for the project or any work breakdown structure (WBS) component or any schedule activity.
Budget
3 Development Approach Examples
1) Specific Planning Phase
2) High-Level Planning with Prototyping
3) Adaptive Iterative Approach
4 Aspects Impacted by Project Phase
1) Range
2) Accuracy
3) Precision
4) Confidence
5 Steps in Predictive Schedule Planning
1) Decompose
2) Sequence
3) Estimate
4) Allocate
5) Adjust
4 Types of Dependencies
1) Mandatory
2) Discretionary
3) External
4) Internal
6 Questions for Communication Planning
1) Who needs information
2) What information does each stakeholder need
3) Why should information be shared with stakeholders
4) What is the best way to provide information
5) When and how often is information needed
6) Who has the information needed
Linkage between 3 key elements
1) Planning
2) Delivering
3) Measuring work
3 Broad Types of Metrics
1) Product
2) Schedule Performance
3) Budget Performance
Addresses activities and functions associated with the initial, ongoing, and evolving organization and coordination necessary for delivering project deliverables and outcomes.
Planning Performance Domain
3 Things the Triple Bottom Line Considers
1) Financial
2) Social
3) Environmental
The features and functions that characterize a product, service, or result. It defines what the final product will include.
Product Scope
The work required to deliver the product, service, or result with the specified features and functions. It focuses on the effort needed to complete the project.
Project Scope
3 Factors Associated with Computer Simulation Probabilistic Estimates
1) Point Estimate with a Range
2) Statement of Confidence
3) Probability Distribution
