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PMP > Terms > Flashcards

Terms Flashcards

1
Q

EEF

A

Enterprise Environmental Factors:

Conditions not under control of project team that impact or constrain the project.

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2
Q

OPA

A

Organizational Process Assets:

Processes, policies, procedures, knowledge base etc specific to the organization.

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3
Q

Project Phases

A
  1. Sequential Relationship:
    Next phase starts when last completes
  2. Overlapping Relationship:
    Phase starts prior to completion of previous one
  3. Predictive Lifecycles:
    Planned series of phases
  4. Iterative & Incremental:
    All phases completed in small chunks and delivery made
  5. Adaptive Life Cycles:
    Agile, same as Iterative & Incremental with short duration (2 - 4 weeks).
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4
Q

Name the 5 Process Groups

A 
Initiating
Planning
Executing
Monitoring & Controlling
Closing
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5
Q

10 Knowledge Areas

A
  1. Initiation Management
  2. Scope Management
  3. Time Management
  4. Cost Management
  5. Quality Management
  6. Human Resource Management
  7. Communications Management
  8. Risk Management
  9. Procurement Management
  10. Stakeholder Management
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6
Q

Scope Baseline

A

Scope Statememt
WBS
WBS Dictionary

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7
Q

3 Common Inputs (ITTO)

A

Project Management Plan
EEF
OPA

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8
Q

2 Common Tools & Techniques (ITTO)

A

Expert Judgement

Meetings

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9
Q

4 Common Outputs (ITTO)

A

Project Document Updates
Project Management Plan Updates
Change Requests
OPA Updates

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10
Q

Quality Control

A

Focus on product

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11
Q

Quality Assurance

A

Focus on process

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12
Q

Plan Do Check Act (PDCA)

A

Continuous cycle for quality improvement.
Quality theorists:
Deming - developed TQM
Juran - 80/20 rule, Quality conforms to requirements
Crosby - DIRFT Do It Right First Time

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13
Q

Quality Terms

A

Quality - Degree to which set of characterists fulfills reqs
Grade - Same function, diff category (luxury vs. eco car)
Precision - Frequency, hitting same place everytim, exact
Accuracy - Correctness
Prevention over inspection - Quality designed in

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14
Q

Quality Tools

A

Cause & Effect Diag (fishbone) - isolate quality problems
Flowcharts
Checksheets
Pareto - defects over time
Histogram
Control Charts - output over time
Scatter Diagram - relationship b/w 2 variables

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15
Q

Organizational Theories

A

Theory X: People dislike work
Theory Y: People like work
Theory Z: Focuses on increasing employee loyalty
Maslow’s Hierarchy

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16
Q

Contract Terminology

A

Breach: Not damaged, can cancel contract
Material Breach: Party could force other to do something
Force Majeure: Acts of god etc
Single Source: No bid contract

17
Q

Required for Contract (5 things)

A 
Offer
Acceptance
Legal purpose
Consideration (value must change hands)
Legal Capacity
18
Q

Contract Types (Go back and document all contracts and abbrevations)

A 
Fixed Price
  Firm Fixed Price (FFP)
  Fixed Price Incentive Fee (FPIF)
  Fixed Fee w/ Economic Adjustment (FP-EPA)
Cost Reimbursable
  Cost plus fixed fee (CPFF)
  Cost plus incentive fee (CPIF)
  Cost plus award fee (CPAF)
Time & Material
19
Q

Procurement Documents

A

Request for Information (RFI) - basic
Invitation for Bid (IFB) or Request for Quote (RFQ) - commodity
Request for Proposal (RFP) - complex

20
Q

Team Development - Tuckman Model

A 
Forming
Storming
Norming
Performing
Adjourning
21
Q

McClelland’s Achievement Theory

A

Motivation comes from 3 things.
Achievement
Power
Affiliation

22
Q

Types of Power

A

Formal
Reward
Coercive - penalize
Referent - trusted & respected, role model

23
Q

4 Breakdown Structures

A

Work breakdown structure
Organization breakdown structure
Resource breakdown structure
Risk breakdown structure

24
Q

Plan Risk Responses - Tools & Techniques

A

Negative Risks:
Avoid - eliminate threat entirely
Transfer - shift impact & ownership to 3rd party
Mitigate - reduce probability
Accept - cheaper to incur risk then take action

Positive Risks:
Share - team up w/ 3rd party
Accept - passive
Exploit - reduce risk to 0
Enhancement - increase probability
25
Q

Project Charter provides

A

Gives project existence
Contains or makes reference to product description
Outlines PM’s authority

26
Q

Code of Accounts

A

Collection of unique identifiers generally assigned to WBS items

27
Q

Value Analysis

A

Tool & Technique for scope definition & exploring alternative ways of completing project work.

28
Q

CSOW

A

Contract Statement of Work

29
Q

Planning Contingency Reserves is what Risk Response Strategy?

A

Active Risk Acceptance

30
Q

Purpose of Tornado diagram

A

Used to compare relative importance of variables that have a high degree of uncertainty w/ those more stable.
(Sensitivity analysis)

PMP (3 decks)

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