Sybex Glossary PMP Flashcards
acceptance
Acceptance is a strategy for threats or opportunities and is part of a tool and technique of the Plan Risk Responses process. This strategy implies that the organization is willing to accept the consequences of the risk should it occur.
acceptance criteria
Acceptance criteria refers to the product of the project and includes the process and the criteria that will be used to determine whether the deliverables and the final product or service of the project are acceptable and satisfactory.
Achievement Theory
This motivational theory says people are motivated by the need for three things: achievement, power, and affiliation.
Acquire Project Team
This process involves attaining human resources and assigning them to the project. Human resources may come from inside or outside the organization. Acquire Project Team belongs to the Executing process group.
activity attributes
Activity attributes describe the characteristics of activities, such as the activity identifier or code, descriptions, constraints, and assumptions associated with the activity, predecessor activities, successor activities, resource requirements, the individual responsible for completing the work, and so on. The activity attributes are an extension of the activity list and are used in the schedule model tool and technique of the Develop Schedule process.
activity duration estimates
Activity duration estimates are quantifiable estimates of the number of work periods needed to complete the schedule activities listed. They are an output of the Estimate Activity Durations process.
activity list
This is an extension of the WBS that contains all the activities of the project and a description of each activity. The activity list is an output of the Define Activities process.
activity on arrow (AOA)
This is a network diagramming method that places activities on arrows, which connect to dependent activities using nodes. This is also known as the arrow diagramming method.
activity on node (AON)
This is a network diagramming method that places activities on nodes, which connect to dependent activities using arrows. This is also known as the precedence diagramming method.
actual cost (AC)
This is the actual cost of work to date or during a given time period, including direct and indirect costs.
addition
This is a type of project ending where the project evolves into an ongoing operation.
Administer Procurements
This process involves monitoring vendor performance and
ensuring that all the requirements of the contract are met.
advertising
This is the act of informing potential vendors that an RFP, RFQ, or other procurement document is available. This is a tool and technique of the Conduct Procurements process.
alternatives identification
This is a technique used to discover different methods or ways of accomplishing the project. Alternatives identification is a tool and technique of the Define Scope process.
analogous estimating
This technique uses the actual duration of a similar, completed activity to determine the duration of the current activity. This is also called top-down estimating and uses both expert judgment and historical information.
appeals
See contested changes.
appraisal costs
Appraisal costs are the costs expended to examine the product or process and make certain the requirements are being met. Appraisal costs might include costs associated with aspects such as inspections and testing.
approval requirements
Approval requirements refer to how the objectives, deliverables, project management documents, and other outcomes and results of the project will be approved.
arbitration
This is a negotiation technique used to settle contract disputes. All parties come to the table with a third, disinterested party who is not a participant in the contract to try to reach an agreement. The purpose of arbitration is to reach an agreement without having to go to court.
arrow diagramming method (ADM)
This is a network diagramming method that places activities on arrows, which connect to dependent activities using nodes. This is also known as activity on arrow.
assumption
This is an event or action believed to be true. Project assumptions should always be documented.
attributes
These are measurements of deliverables (or certain characteristics of the deliverable) that meet one of two options: conforming or nonconforming. Conforming meets the requirement; nonconforming does not. This is an inspection technique (which is a tool and technique) of the Perform Quality Control process.
avoid
The avoid strategy is used for risks that pose threats to the project or have negative impacts. It’s part of a tool and technique of the Plan Risk Responses process. This strategy requires changes to the project plan in order to avoid or eliminate risk events and their
impacts to the project objectives.
backward pass
This is a calculation used in CPM to determine late start and late finish dates for activities.
balanced matrix
This is a type of organizational structure where power is balanced between project managers and functional managers.
bar charts
This is a method of displaying schedule activities. See also Gantt charts.
benchmarking
Benchmarking is a process of comparing previous similar activities to the
current project activities to provide a standard to measure performance against.
benefit measurement methods
This is a category of project selection methods. They employ various forms of analysis and comparative approaches to make project decisions and include cost-benefit analysis, scoring models, benefit contribution methods, and economic models.
bidder conferences
Meetings held by the buyer with prospective vendors or sellers are held prior to the completion of their response proposal to clarify project objectives and answer questions. Bidder conferences are a tool and technique of the Conduct Procurements process.
brainstorming
This is an information-gathering technique that is a tool and technique of the Identify Risks process. It involves assembling in one place subject matter experts, team members, risk management team members, and anyone else who might benefit from the process and querying them on possible risk events.
budget at completion (BAC)
This is the sum of all the budgets established for all the
work of the project, the work package, the control account, or the schedule activity. It’s the total planned value for the work component or project. This figure is used in earned value analysis calculations.
buffer
See reserve time.
calculation methods
This is a category of selection methods outlined in the project selection methods of the Initiation process. Calculation methods provide a way to calculate the value of the project. This value is used in the project selection decision-making process.
Capability Maturity Model Integration (CMMI)
CMMI is used to assess and improve performance of organizations in various areas. CMMI may apply to project management, engineering, organizational development, and more. Generally, five stages of maturity are associated with CMMI. They are no formal processes in place; basic processes in place; best practices in place and standardized across the organization; best practices in place, standardized, and measurable using quantifiable methods; continuous, sustained process improvement.
cardinal scale
This is a scale of values that are linear or nonlinear and referenced in the Perform Qualitative Risk Analysis process.
cause-and-effect diagram
This diagram shows the relationship between the effects of
problems and their causes. It depicts every potential cause and subcause of a problem and the effect that each proposed solution will have on the problem. This diagram is also called a fishbone diagram or an Ishikawa diagram.
change control board (CCB)
This is a team of stakeholders that is established by the
organization and given the authority via the configuration management system to review all change requests and approve them or deny them.
change control system
This includes documented procedures that describe how to submit change requests and how to manage change requests. The change control system tracks the status of change requests and defines the level of authority needed to approve changes. It describes
the management impacts of the changes as they pertain to project performance. Change control systems are a subset of the configuration management system.
chart of accounts
This is the organization’s accounting system. Control accounts associated
with the WBS are linked to the chart of accounts.
checklists
Checklists can be used with the Plan Quality, Perform Quality Control, and Identify Risk processes. They outline a series of required steps a particular process must follow.
claims
See contested changes.
claims administration
Claims administration involves documenting, monitoring, and managing contested changes to the contract.
Close Procurements
This process is concerned with completing and settling the terms of the contract, and it determines whether the work described in the contract was completed accurately and satisfactorily. This process is performed after Close Project or Phase, but its output
(contract file) becomes an input to the Close Project or Phase process (contract documentation).
Close Project or Phase
This process is concerned with gathering and disseminating information to formalize project closure. The completion of each project phase requires that Close Project or Phase is performed as well.
close project procedures
Close project procedures is a document that outlines how Close Project or Phase procedures will occur on the project, the activities needed to perform the close procedures, and the essential roles and responsibilities. This is an output of the Direct and Manage Project Execution process.
Closing
This is the last of the five project management process groups. Closing brings a formal, orderly end to the activities of a project phase or to the project itself. All the project information is gathered and archived for future reference. Contract closeout occurs here,
and formal acceptance and approval are obtained from project stakeholders.
code of accounts
These are unique identifiers assigned to each level of the WBS that are associated with the corporation’s chart of accounts. The chart of accounts tracks project costs by category.
collaborating
This is a conflict resolution technique that allows multiple viewpoints to be discussed and all perspectives of an issue examined. Collaborating can lead to true consensus and commitment when performed correctly.
Collect Requirements
The purpose of the Collect Requirements process is to define and document the project sponsor, customer, and stakeholder’s expectations and needs for meeting the project objectives. You will use requirements to manage customer expectations throughout the project.
co-location
This is a tool and technique in which team members physically work at the
same location or hold project meetings in a common area such as a war room.
common causes of variances
These are process variances seen during the Perform Quality
Control process that result in random variances, known or predictable variances, or variances that are always present in the process.
communication
This is the process of exchanging information. There are three elements to all communication: the sender, the message, and the receiver. Communication can be written or verbal and formal or informal. A project manager spends 90 percent of their time communicating.
communications management plan
This plan documents the types of stakeholder information
needs, when and how frequently the information should be distributed, and the method of communication.
composite
This is a combination of organizational structures that co-exist within a company such as, functional, matrix, and projectized.
compromise
Compromise is a conflict resolution technique. Compromise is achieved when
each of the parties involved in the conflict gives up something to reach a solution.
Conduct Procurements
This process involves obtaining bids and proposals from vendors in response to RFPs and similar documents prepared during the Plan Procurements process.
configuration management
Configuration management is concerned with centrally
managing approved changes and project baselines. It is concerned with the specifications of the deliverables and processes.
conflict
Conflict is the incompatibility of goals, which often leads to one party resisting or blocking the other party from attaining their goals.
conflict of interest
Conflict of interest occurs when personal interests are put above the interests of the project. It also occurs when personal influence is used to cause others to make decisions in favor of the influencer without regard for the project outcome.
confrontation
This conflict resolution technique, also known as problem solving, is the most often used conflict resolution technique by project managers. This is a win-win technique because it concentrates on finding all the facts about the issue and continues to examine solutions until the right one surfaces.
constrained optimization methods
See mathematical models.
constraint
This is anything that either restricts the actions of the project team or dictates the actions of the project team.
contested changes
These are contract changes that cannot be agreed upon. They usually involve a disagreement about the compensation to the vendor for implementing the change.
contingency planning
This is a risk response strategy that involves planning alternatives to deal with the risks should they occur. The contingent response strategy, which uses contingency planning, is a tool and technique of the Plan Risk Responses process.
contingency reserves
Contingency reserves hold project funds, time, or resources in reserve to offset any unavoidable threats that might occur to project scope, schedule, cost overruns, or quality. This is a tool and technique of the Plan Risk Responses process. Contingency reserves are also taken into consideration in the Determine Budget process.
Contingency Theory
The Contingency Theory is a motivational theory derived from Theory Y behaviors and the Hygiene Theory. This theory says people are motivated to achieve levels of competency and will continue to be motivated by this need even after competency is reached.
contingency
time See reserve time.
continuous improvement
Continuous improvement involves everyone in the organization
watching for ways to improve quality, whether incrementally or by incorporating new ideas into the process. This involves taking measurements, improving processes by making them repeatable and systemized, reducing variations in production or performance, reducing defects, and improving cycle times. TQM and Six Sigma are examples of continuous improvement. The Kaizen approach is a quality technique from Japan (Kaizen means continuous
improvement in Japanese).
contract
This is a legally binding agreement between two or more parties used to acquire products or services. Contracts can be made between two or more parties, and money is typically exchanged for goods or services. They are enforceable by law and require an offer and an acceptance.
contract change control system
This describes the processes needed to make contract changes and is a tool and technique of the Administer Procurements process.
contract statement of work (SOW)
This is a detailed, concise description of the work of the project included with the contract. Either the buyer or the seller can write this. See also statement of work.
control accounts
A control account is where factors such as actual cost, schedule, and scope can be measured using earned value performance measures. Control accounts are assigned to various levels of the WBS.
control chart
This is a tool and technique of the Perform Quality Control process that measures the results of processes over time and displays them in graph form. Control charts measure variances to determine whether process variances are in control or out of control.
Control Costs
This process manages the changes to project costs using the cost change
control system.
Control Schedule
This process involves documenting and managing changes to the
project schedule.
Control Scope
This process involves documenting and managing changes to project scope. Any modification to the agreed-upon WBS is considered a scope change. Changes in product scope will require changes to the project scope. See also product scope and project scope.
corrective actions
This is when you take action to align the anticipated future project
outcomes with the project plan.
cost of quality (COQ)
This is the total cost to produce the product or service of the project according to the quality standards and/or the cost to make a product or service that is nonconforming meet the quality requirements.
cost performance baseline
This is the authorized time-phased budget for the project using the budget at completion earned value management formula. Cost performance baselines represented as S curves.
cost performance index (CPI)
This is an earned value analysis technique that is used to
calculate cost performance efficiencies: CPI = EV / AC.
cost plus fee (CPF)
Cost plus fee contracts reimburse the seller for all allowable costs and include a fee that’s calculated as a percentage of total costs. This is also called a cost plus percentage of cost contract (CPCC).
cost plus fixed fee (CPFF)
Cost plus fixed fee contracts charge back all allowable project
costs to the seller and include a fixed fee upon completion of the contract.
cost plus incentive fee (CPIF)
This type of contract charges the allowable costs associated
with producing the goods or services of the project to the buyer and includes an incentive for exceeding the performance criteria laid out in the contract.
cost plus percentage of cost (CPCC)
See cost plus fee (CPF).
cost reimbursable contract
This type of contract charges the allowable costs associated
with producing the goods or services of the project to the buyer.
cost variance (CV)
This is an earned value analysis technique that determines whether costs are higher or lower than budgeted during a given period of time: CV = EV – AC.
cost-benefit analysis
This compares the financial benefits to the company of performing
the project to the costs of implementing the project.
crashing
Crashing is a schedule compression technique that looks at cost and schedule trade-offs. One of the things you might do to crash the schedule is add resources, from either inside or outside the organization, to the critical path tasks.
critical chain
This is the new critical path formed as a result of constrained resources.
critical chain method
This tool and technique from the Develop Schedule process modifies the project schedule by accounting for limited or restricted resources. This is a technique that’s designed to help manage the uncertainties of a project. It combines deterministic and probabilistic approaches. The critical chain method often changes the critical path.
critical path (CP)
This is the longest path through the project. It’s made up of activities with zero float.
Critical Path Method (CPM)
This determines a single early and late start date and early
and late finish date for each activity on the project to determine both the longest path of the project schedule network diagram and the finish date of the project.
critical success factors
These are the elements that must be completed in order for the
project to be considered complete.
culture shock
This is a disorienting experience that occurs when working in foreign surroundings or cultures with which you are unfamiliar.
cumulative cost performance index (cumulative CPI)
This is an earned value analysis technique that is used to calculate cost performance efficiencies: cumulative CPI = cumulative EV / cumulative AC.
decision models
This is a category of selection methods. Decision models are used to examine different criteria to help make a decision regarding project selection. See also calculation methods.
decision trees
These are diagrams that show the sequence of interrelated decisions and the expected results of choosing one alternative over the other. This is a Perform Quantitative Risk Analysis modeling technique, which is a tool and technique of this process.
Define Activities
This process identifies the activities of the project that need to be
performed to produce the product or service of the project.
Define Scope
This Planning process further elaborates the objectives and deliverables of
the project into a project scope statement that’s used as a basis for future project decisions.
deliverable
This is a measurable outcome, measurable result, or specific item that must be produced to consider the project or project phase completed. Deliverables are tangible and can be measured and easily proved.
Delphi technique
This is an information gathering technique used in the Identify Risks and Collect Requirements processes used to gather information. Similar to brainstorming, except participants don’t usually know each other, and they don’t have to be present at the
same location.
dependencies
See logical relationships.
design of experiments (DOE)
Design of experiments (DOE) is a statistical technique that identifies the elements—or variables—that will have the greatest effect on overall project outcomes.
Determine Budget
This process creates the cost performance baseline, which measures
the variance and performance of the project throughout the project’s life.
Develop Human Resource Plan
This process documents the roles and responsibilities of individuals or groups for various project elements and then documents the reporting relationships for each.
Develop Project Management Plan
This is the first process in the Planning process group. The purpose of this process is to define, coordinate, and integrate all subsidiary project plans. The subsidiary plans might include the following: project scope management plan, schedule management plan, cost management plan, quality management plan, process improvement plan, staffing management plan, communication management plan, risk management plan, procurement management plan, schedule baseline, cost performance baseline, and scope baseline.
Develop Project Team
This process concerns creating an open, encouraging environment for team members as well as developing them into an effective, functioning, coordinated group.
Develop Schedule
This process calculates and prepares the schedule of project activities, which becomes the schedule baseline. It determines activity start and finish dates, finalizes activity sequences and durations, and assigns resources to activities.
Direct and Manage Project Execution
This process involves carrying out the project plan. Activities are clarified, the work is authorized to begin, resources are committed and assigned to activities, and the product or service of the project is created. The largest portion of the project budget will be spent during this process.
discounted cash flow
This compares the value of the future cash flows of the project to
today’s dollars using time value of money techniques.
discretionary dependencies
These are dependencies defined by the project management
team. Discretionary dependencies are usually process or procedure driven. They are also known as preferred logic, soft logic, and preferential logic. See also logical relationships.
disputes
See contested changes.
Distribute Information
This process is concerned with providing stakeholders with
information regarding the project in a timely manner via status reports, project meetings, review meetings, email, and so on. The communications management plan is put into action during this process.
earned value (EV)
This is a measurement of the project’s progress to date or the value of the work completed to date.
earned value management (EVM)
This is the most commonly used performance measurement
method. It looks at schedule, cost, and scope project measurements and compares their progress as of the measurement date against what was expected. The three measurements needed to perform earned value analysis are planned value (PV), actual cost (AC), and earned value (EV).
efficiency indicators
Cost variance and schedule variance together are known as
efficiency indicators.
enhance
Enhance is a Plan Risk Responses strategy used for risks that pose an opportunity to the project. It involves increasing the probability and/or impact of the risk.
Estimate Activity Durations
This process assesses the number of work periods needed to
complete the project activities. Work periods are usually expressed in hours or days. Large projects might express duration in weeks or months.
Estimate Activity Resources
This process determines the types of resources needed (both human and materials) and in what quantities for each schedule activity within a work package.
estimate at completion (EAC)
This is an earned value analysis technique that forecasts the expected total cost of a work component, the schedule activity, or the project at its completion.
Estimate Costs
This process develops an approximation of the costs of each project activity.
estimate to complete (ETC)
This is an earned value analysis technique that determines the additional expected costs to complete the schedule activity, WBS component, or control account (or project). This is most typically calculated in a bottom-up manner.
evaluation criteria
This is a method of rating and scoring vendor proposals. Evaluation criteria are an output of the Plan Procurements process via the source selection criteria and they are an input to the Conduct Procurements process (as part of the source selection criteria).
Executing
This is the third of the project management process groups. The Executing process group involves putting the project management plan into action, including coordinating and directing project resources to meet the objectives of the project plan. The Executing processes ensure that the project plan stays on track and that future execution of project plans stays in line with project objectives.
Expectancy Theory
This is a motivational theory that states that the expectation of a
positive outcome drives motivation and that people will behave in certain ways if they think there will be good rewards for doing so. The strength of the expectancy drives the behavior.
expected monetary value (EMV)
EMV is a statistical technique that calculates the
anticipated impact of the decision. This is a Perform Quantitative Risk Analysis modeling technique, which is a tool and technique of this process.
expected value
This is the value calculated by using the three-point estimates for activity duration (most likely, pessimistic, and optimistic) and then finding the weighted average of those estimates.
expert judgment
Expert judgment is a tool and technique of several processes. Expert judgment relies on individuals or groups of people who have training, specialized knowledge, or skills about the inputs you’re assessing.
exploit
Exploit is a Plan Risk Responses strategy used for risks that pose an opportunity to the project. It involves ensuring that the risk is realized.
external dependencies
These are the dependencies that are external to the project. See also logical relationships.
extinction
This is a type of project ending where the work of the project is completed and
accepted by the stakeholders.
failure costs
Failure costs are the costs associated with nonconformance when products or services do not meet specifications. There are two types of failure costs, internal and external. Failure costs are also known as cost of poor quality.
fait accompli
Fait accompli happens during contract negotiation when one party tries to convince the other party discussing a particular contract term that it is no longer an issue. It’s a distraction technique because the party practicing fait accompli tactics is purposely
trying to keep from negotiating an issue and claims the issue cannot be changed.
fallback plan
Fallback plans are generally developed for risks with high impact or for risks with identified strategies that might not be effective at dealing with risks. Fallback plans are not contingency plans.
fast tracking
This is a schedule compression technique where two activities that were previously scheduled to start sequentially start at the same time. Fast tracking reduces schedule duration if applied to the critical path.
feasibility study
Feasibility studies are undertaken to determine whether the project is a viable project, the probability of project success, and the viability of the product of the project.
firm fixed-price contract (FFP)
This type of contract sets a specific, firm price for the goods or services rendered based on a well-defined deliverable agreed upon by the buyer and seller. The biggest risk is borne by the seller with a fixed-price contract.
fitness for use
Joseph Juran is noted for this theory, which means that stakeholders’ and customers’ expectations are met or exceeded.
fixed-price plus incentive contract (FPIF)
This type of contract sets a specific, firm price for the goods or services rendered (like the fixed-price contract) and includes an
extra incentive for exceeding agreed-upon performance criteria.
fixed-price with economic price adjustment (FP-EPA)
This contract sets a firm price for the goods or services rendered and includes an adjustment that’s tied to a reliable financial index. FP-EPA contracts are used when the contract period extends several years.
float
The amount of existing schedule flexibility for the project. Also see free float and total float.
float time
See float.
forecasting
Forecasting examines the actual project performance data to date and makes
predictions about future project performance based on this data.
force majeure
Catastrophic risk events that are outside the scope of Project Risk Management, such as earthquakes, meteorites, volcanoes, floods, civil unrest, and terrorism. This is referenced in the risk categories section of the Identify Risks process.
forcing
This is a conflict resolution technique where one person forces a solution on the other parties.