Super Extra 4 Flashcards
Business Need : Market Demand, Technological Advance, Legal Requirement, Govt. regulation, environmental consideration.
High-Level scope definition : characteristics of product, service or result, and also includes any high-level project risks that are known at this time.
Strategic Plan : org.’s strategic vision, Goals and objectives and possibly high-level mission statement.
Project SOW describes products, services, or results that project will deliver which contains :
??? methods to plan, track, and report requirement activities. Configuration management related activities. Processes for requirements prioritization. Formats and guidelines on developing a traceability matrix for requirements.
Requirements Management plan Components :
??? document that describes the steps to analyze and determine areas of improvements in creating project deliverables. Including -> process boundaries, process configuration, process metrics, and targets for improved performance.
Process Improvement Plan :
??? document that provides guidance on how human resources required for a project should be defined, staffed, managed controlled, and eventually release after project is completed. Includes -> developing cost estimates like project staffing attributes, personnel rates, and related rewards and recognitions. Illustrates projects organizational structure and includes staffing management plan that describes project management teams approach to managing increase/decrease of project staff across project life cycle.
Human Resources Plan :
??? methodology, approaches and tools used. Roles and responsibilities of those involved. Budgeting and scheduling for risk management activities. Risk categories.
Risk Management Plan :
??? document that outlines guidelines for obtaining or purchasing work from outside sources. Specifies types of contracts used, process for obtaining and evaluating bids or proposals, and mandates standardized procurement documents that must be used, and explains how multiple providers will be managed. States how procurement activities will be coordinated w/other project management activities like scheduling and performance reporting.
Procurement Management Plan :
??? contains details about each element in WBS. Such as -> description of work, code of accounts, milestones, contract info, cost, quality requirements, resource requirements, time estimates, resource info for measuring performance and completeness.
WBS Dictionary :
Decomposition : technique for creating WBS by subdividing project work to work package level. Will help identify project work.
Code of Accounts : any system used for numbering elements in WBS. Allows for easy tracking of individual WBS components by PM. Helpful in performance, reporting, and costing.
Scope Baseline : Includes detailed project scope statement, WBS, and WBS dictionary.
info
??? project teams plan for starting and finishing activities on specific dates and in certain sequence. Specifies planned dates for meeting project milestones. Also used to track schedule performance and keep upper management and stakeholders informed of project status.
Project Schedule :
??? schedule network analysis method to consider resource limitations and adjust schedule as appropriate to work w/in those limitations. Analyzes Critical path alongside resources that are available. Used to plan and manage reserves or buffers and helps mitigate possible cost and schedule risks.
Critical Chain Method
??? analyzes the schedule model; allows readjustment of work as appropriate so that people arent overly allocated. Can address scheduling activities when critical resources are only available at certain times. Done after CP has been initially identified. CP frequently changes as result of resource leveling.
Resource Leveling :
Float : amount of time activity can be delayed from Early Start w/o delaying project finish date or consecutive activities. Float occurs only in activities that are not on critical path. Float is also called slack. 2 types of float -> Total and Free.
Total Float : where total amount of time an activity requires can be delayed w/o delaying project finish date. Total Float can be calculated by subtracting its EF from its LF or its ES from its LS.
Total Float Formulas -> ex : LF - EF (or) LS - ES.
Free Float : amount of time activity can be delayed w/o delaying ES of any activity that immediately follows it. Free Float calculated ES - EF.
info
Resource Smoothing : involves rescheduling activities in project to ensure appropriate resources are allocated to each activity. Doesnt create delay in project completion date but only allows for delays in activities w/in their float.
info
??? risk that is inherent in a business endeavor when a company assumes that it will spend money and make money and that any project undertaken carries with it the potential for success or failure, profit or loss.
Business Risk :
??? document describing teams approach to managing risks. It determines methodology, approaches, and tools that’ll be used; documents the roles and responsibilities for those involved, identifies the budgeting and scheduling for risk management activities, and lists the risk categories.
Risk Management plan :
