Study Flashcards
Which type of business case is used when an organization authorizes a project that adjusts organizational practices because of new federal guidelines?
Legal Requirement
What is a positive float?
The amount of time that a non-critical activity’s start can be delayed without affecting the project completion date
What does VAC represent?
Variance at completion (VAC) is the budget variance expected at the end of the project
What does the acronym SME denote?
Subject Matter expert
What work should a PMP accept for a project?
Only work that supports the project charter and the needs of the stakholders
What are team building activities?
activities that are conducted to increase performance and cohesiveness
What is LOE?
Level of Effort
What is the difference between a Request for Proposal and a Request for Quote?
RFP is a detailed proposal including pricing, and RFQ is only a price quote
What are assumptions?
Factors considered to be true for planning purposes
How do you perform a backwards pass?
Follow network diagram from project finish to project start. For each activity subtract the activity’s duration from the late finish to derive the late start of the activity.
Who has ultimate accountability for quality of the project?
The project manager
What environment includes the economy, competitive environment, and legislative constraints?
External environment
Why is statistical sampling used in measuring quality?
because it is not feasible to perform inspection for the entire population
What does the acronym RDU denote?
Remaining duration
What would be the only situation in which you would create a revised schedule baseline?
When approved changes are identified
What is identified in the cost management plan?
Procedures that will be used to modify the cost baseline and manage costs through the project
Which system is the most important in controlling scope creep?
Change control system
What negotiation is used when acquiring resources?
to obtain necessary staff or resources
Which term refers to a document that specifies the characteristics of a product, process, or service to which it is mandatory to comply?
Regulations
The minimum viable product (MVP) is a pillar of what approach?
The iterative approach, providing a fully functioning value deliverable, but does not include all possible value.
What are the 5 process groups required for any project?
Initiative
Planning
Executing
Monitoring
Closing
What are three categories of processes?
There are three categories of processes—those used only once, those used periodically, and those used continuously.
What is the difference between data and information?
data is typically an output while information is an input.
What are the 4 values of Agile?
- Individuals and interactions over processes and tools
- Working software over comprehensive documentation
- Customer collaboration over contract negotiation
- Responding to change over following a plan
How do you determine the most appropriate project life cycle?
Agile Suitability Filter
