Simulator Mock Exam 1 Flashcards
If a project manager hires temporary resources, what risk response strategy is being demonstrated?
Avoid
The risk was posed by insufficient resources. The risk was a void by hiring additional resources.
What is benchmarking?
It’s identifying performance issues compared to industry standards 
What document outlines expectations between team members?
The team charter will outline expected behaviors and project expectations
What tools are used to collect requirements for new products?
Prototypes and expert judgment
What should be done before updating a stakeholder engagement plan if a stakeholder is upset?
It’s always best to first meet with them to understand what issues there are and the best way to go around fixing them 
What’s the difference between stakeholder analysis and stakeholder matrix?
Stakeholder matrix is a list of potential roles and their level of interest, including their expectation of the project
Stakeholder analysis reviews the matrix for their potential needs 
What’s the difference between fast tracking and crashing methods
Fast tracking decreases the schedule without impacting the budget
Crashing decreasing the schedule but it impacts the budget
How might you learn about stakeholder expectations and attitudes about a product?
By conducting a focus group in question
What plan is created that will go to the team to find the main project objectives?
Scope management plan
It is a component of the project management plan and describes how the scope will be defined develop monitored, controlled and validated
When do you create an implement quality metrics?
This is done during planning the phase and an output of plan quality management 
when should you ensure the project meets its quality requirements?
Review in the work on a regular basis, would ensure the work is getting done according to plan 
When does a customer meet a team during agile project?
The sprint review meeting 
What is the sprint retrospective meeting?
This is a meeting with team members to reflect back about the previous sprint
What is a statement of work? SOW
It’s a business agreement that outlines deliverables and project goals
Helps clients and vendors reach goals together.
Developed from the product scope baseline 

What is the statement of work important in project management?
it ensures there is no misunderstanding between vendors and their clients when they come on board a project 
What is the WBS process?
dividing project deliverables and project work into similar more manageable components (work packages)
It’s like a diagram of hierarchies of work
How is the WBS created?
It’s created from the project scope statement
When is the project scope created?
Before the project begins project, managers, stakeholders and customers provide objective schedules tasks and deliverables in the statement 
What is the team charter?
It’s a document that establishes team, values agreements, and operating guidelines
Developed by the team
What is a stakeholder analysis?
A technique, systematically gathering, and analyzing information to determine who’s interest should be taking account throughout the project
💥Planning phase
What are the five key parts of a scope management plan?
Approach
Roles and responsibilities
WBS
Scope verification
Scope control
💥Planning phase
What is the purpose of a sprint review meeting?
To inspect the increment that was developed in that sprint and collect feedback from key stakeholders
💥Executing - Agile
What is a stakeholder analysis?
It’s taking the stakeholder matrix and analyzing to see what their needs are on the project.
What document outlines how deliverables will be verified for accuracy?
The quality management plan
Demonstrates compliance with requirements and standards.
What is a requirements management plan?
It documents how we document and collect requirements but not how to meet accuracy.
What is a sprint goal?
Clear set of objectives before the beginning of a sprint.
What is a burn down chart?
A list of what’s left on the project
What is a burn up chart?
A list of items that have gotten done on the project
