SH - Set2 (closing, Issues Flashcards
Control procurements process definition?
Is a process that involves managing the procurement relationships of the project. It also involves monitoring the contract performance as well as making the necessary changes and corrections alongside it, and closing out contracts.
Stakeholder engagement plan
Stakeholder register
Communications management plan
Tactical clustering
How should the project manager handle the different type of stakeholder (interest, power)?
High power, high-interest stakeholders should be closely managed.
Stakeholders with high power and low interest should be kept satisfied.
Those with low interest and low power shall be only monitored with minimum effort.
Low power and high interest in a project should be kept informed.
Trend analysis, Earned value analysis, cost-benefit analysis, Critical path analysis?
A trend analysis is a tool and technique used during the monitor and control phase of the project life-cycle. It can be used in the integration, time, cost, and risk knowledge areas.
Earned value analysis (EVA) is a method that allows the project manager to measure the amount of work actually performed on a project beyond the basic review of cost and schedule reports.
Critical path analysis provides information to determine the most efficient timeline possible to complete a project.
A cost-benefit analysis (CBA) is a tool to evaluate the costs vs. benefits of an important business proposal.
Cost of quality (COQ) measures in agile?
What is steering committee?
It provides valuable organizational and environmental insight in aligning projects with overall organizational goals, but it does not provide the necessary accountability.
The project steering committee has authority for decisions at the organizational level, including assigning the project sponsor and approving starting or stopping a project.
Functional requirements?
They describe the characteristics and features of the product. They deal with components, data, and the interaction of various components using the data.
Non-functional requirements?
Are supplemental to functional requirements, listing out the level of service, performance, reliability of operation in specific conditions, etc.
Quality requirements?
Capture the conditions that are to be met for successful completion and acceptance of the project deliverables.
What is Weighted Shortest Job First (WSJF)?
Is a Prioritization method that helps calculate and understand what is the level of the financial impact of not finishing the task or implementing the solution sooner than later.
What is the sequence of actions in Impediment management process (Agile)?
Record during the Daily Standup Meeting
Prioritize based on their levels of importance and in relation to others recorder
Publish - the Impediments Log should be made visible
Address the highest priority impediments
Communicate to the involved parties
What is resource breakdown structure?
Is a list of the resources that will be required to execute your project. The list is broken down by function and type, and at the very least will cover the people needed to complete a project successfully. However, at its most thorough, it will include anything you spend money on for the project, such as people, project management tools, equipment, materials, even fees and licenses.
