Super Extra 7 Flashcards

1
Q

??? each dept. is responsible for carrying out specific similar set of activities. Multiple people perform each type of activity. Reporting is hierarchical, w/each individual reporting to single manager. PMs authority is low relative to functional managers authority. Team Members report to functional manager.

A

Functional Org. :

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2
Q

??? project schedule network diagramming method that uses rectangular boxes/nodes to represent activities and arrows to represent precedence relationships between activities.

A

PDM :

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3
Q

??? management approved version of project schedule, drawn from schedule network analysis and includes baseline start and finish dates. Provides basis for measuring and reporting schedule performance, formal part of project management plan.

A

Schedule Baseline :

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4
Q

??? prioritized list of customer requirements and 1st step of Scrum. Priority based on riskiness and business value of user story. PO creates Product Backlog based on user story, w/input from each stakeholder including team, customer, end users and other interested parties.

A

Product Backlog

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5
Q

??? list of user stories from PB that Scrum Team chooses and commits to complete in that Sprint cycle. Used to create Deliverable at end of cycle. If customer requirements changes or PO identifies any extra stories, they’re added to PB and not SB.

A

Sprint Backlog :

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6
Q

??? are customer requirements and features. Each user story emphasizes functionality of feature and how it adds to final product. User stories can vary in size/complexity.

A

User stories (Scrum) :

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7
Q

??? represents complete process from planning to delivery and demo of part of product. PO defines/prioritizes PB then Sprint Cycle begins. 1st step is sprint planning meeting to create a detailed plan. PO reviews vision, release plan, and PB w/Scrum Team at start of sprint cycle. Analysis, design, development, review and closure occur in every Sprint. At end of sprint cycle, team has working product that is demonstrated to PO, other team members, Scrum Master, customers, stakeholders, experts, and executives.

A

Sprint Cycle :

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8
Q

Sprints are completed on set date whether or not work is completed. If team is unable to meet set target then the incomplete tasks are added to PB.

Burndown Chart : tool used to track progress of project by plotting number of days of Sprint against no. of hours of work remaining. Displays pending work until teams commitment is complete and displays progress of team toward the goal. Downward slope is best on graph/chart.

A

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9
Q

Project Objectives (measureable success criteria for project), product description (characteristics of product, service, or result of project), Project Requirements, Project Deliverables (any tangible measureable result or outcome required to complete a project or portion of project), Project Boundaries, Product Acceptance Criteria, Project Constraints, Project Assumptions.

A

Components of Scope Statement :

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10
Q

??? Project constraints and assumptions, may also include -> initial project org., defined risks, schedule milestones, initial WBS, and approval requirements.

Risk mitigation : attempts to reduce prob or impact of potential risk event to acceptable level.

Risk Enhancement : increases prob that opportunity will occur.

Risk Exploitation : make sure positive risk is fully realized.

Risk Acceptance (positive risk) : involves accepting risk actively responding as it comes, but not through pursuit.

A

Scope Statement includes :

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11
Q

??? used to assess risk exposure to overall project objectives and determine confidence levels of achieving the project objectives. Helps identify time and cost contingencies of project. Refines and enhances prioritization and scoring of risks produced during qualitative analysis.

A

Quantitative Risk Analysis :

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12
Q

Sensitivity Analysis : method of assessing relative effect of changing a variable in project to gain insight into possible outcomes of 1 or more potential courses of action.

Decision Tree Analysis : assessment of data obtained using decision tree method to evaluate various possible outcomes. Allows decision makers to evaluate both prob/impact for each branch of every decision under consideration; useful risk analysis tool.

A

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13
Q

Monte Carlo Analysis : used by PMs to make predictions about statistical distribution of activity durations or cost estimates for project. Calculates a range of results not just single result.

Simulation : uses computer models and estimates of risk to translate uncertainties at detailed level into their potential impact on project objectives.

A

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14
Q

??? actual value that describes measurements for quality control process. Determines elements of project that are going to be measured, how measured, and how factored into project. Ex.’s -> timely performance, budget control, defect density, reliability, rate of failure, and test coverage.

A

Quality Metrics :

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15
Q

Responsibility Assignment Matrix (RAM) : chart links key stakeholders to specific project deliverables or activities by assigning responsibilities to each stakeholder for each element of work.

Staffing Management Plan : part of HR that forecasts what types of staff will work on project, when they’re needed, how they’ll be recruited, and when released from project. Subsidiary plan to HRP and important input during human Resource planning process.

A

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16
Q

??? commonly used to develop lists of qualified vendors and gain more input for resource availability. Used to gather relevant info about vendors org. and financial history including : seller org.’s history, balance sheets, business type, owners history and background, bank statement for past 3 years.

??? commonly used when deliverables are commodities for which there are clear spec.’s and when price will be primary determining factor. This solicited price quote used for comparison purposes - not formal bid for work. Negotiation not usually associated with ???.

??? commonly used when deliverables are not well-defined or when selection criteria will be used in addition to price. Sellers often encouraged to offer suggestions and alternative approaches to meet project goals. Time consuming and costly for seller. Negotiation expected.

A

RFI / RFQ / RFP

17
Q

LOI : document that outlines agreement between 2 parties before agreement is finalized. Used to highlight basic terms of agreement before potentially expensive legal negotiations are begun, or to indicate parties have begun negotiations.

Force Majeure Clause : contract whether an Act of God, ex : hurricane, earthquake, etc … stops parties from being able to fulfill their contractual agreements.

A

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18
Q

Express Warranty : predetermined standard for quality or performance is specified. Either formal warranty or manufacturers description of product is a express warranty.

Warranties of Merchantability : type of implied warranty that requires goods to be fit for ordinary usage. Any sale of item is subject to warranties of Merchantability. Has to be proven that sale of item that seller knew how item will be used.

Warranties for fitness for purpose : type of implied warranty that requires goods to be fit for usage that was intended by the buyer.

A

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