Terms

Question 1

Organizational Project Management

Answer 1

OPM

Question 2

Organizational Project Management Maturity Model

Answer 2

OPM3

Question 3

1. It is temporal.
2. It will produce a unique product, service or result.
3. Both the requirements and the project management plan used to fulfill those requirements are subject to progressive elaboration.
4. Approved project charter.

Answer 3

Project

Question 4

Is something that influences a result but does not necessarily define a result.

Answer 4

Factor

Question 5

Requires a facilitator. Used to help prevent “group think”. For a definition, please see the PMBOK Guide™ Glossary definition on page 537.

Answer 5

Delphi Technique

Question 6

Human resources will utilize whatever resources that are allocated.

Answer 6

The Parkinson Law

Question 7

An approved version of something. E.g., one may baseline the schedule (which really is a time forecast) and the budget (which is really a cost forecast). We would also baseline metrics as they are measured today in hopes of raising the bar

Answer 7

Baseline

Question 8

Drucker - Does the right things.

Joe - Set’s scope.

Answer 8

Leadership

Question 9

Intro

Drucker - Does things right.

Joe - Implements scope.

Answer 9

Management

Question 10

Configuration Item - An asset that you want to formally control changes to or key in a constant state of being.

Answer 10

CI

Question 11

Resource Assignment Matrix. The most common form of a RAM is a RACI Chart.

Answer 11

RAM

Question 12

Responsible (Practitioners), Accountable (Owners), Consulted (SMEs: Subject Matter Experts), Informed (These individuals usually have a CI, i.e. Configuration Item, that may be impacted should a change occur to the referenced CI.

Answer 12

RACI Chart

Question 13

Service Level Agreement will exist between a Supplier (either internal or external to an organization) and a Customer (i.e. the buyer).

Answer 13

SLA

Question 14

Operational Level Agreement. This agreement exists between to functions within the same organization. An OLA allows an internal supplier to provide the value they need to their customers (either internal or external). Essentially, it is an agreement between two internal suppliers so that one of those suppliers will be able to meet their SLAs with their customers (whether internal or external to their own organization).

Answer 14

OLA

Question 15

An Underpinning Contract exists between an internal supplier and a third party. The third party provides value that the internal provider needs to fulfill their SLAs.

Answer 15

UC

Question 16

Project is to include all the work and only work required to fulfill the requirements.

Answer 16

100% Rule

Question 17

Stop decomposition of the Scope statement into the WBS when the work packages represent what 8 team members are able to produce over 80 hours.

Answer 17

8/80 Rule

Question 18

Stop decomposition of the Scope statement into the WBS when the work packages represent what 4 team members are able to produce over 40 hours.

Answer 18

4/40 Rule

Question 19

Stop decomposition of the Scope statement into the WBS when the work packages allow for realistic estimates.

Answer 19

Decomposition

Question 20

Code of accounts is a table of the account codes assigned to each and every node within a WBS.

Answer 20

Code of Accounts

Question 21

Bring the [key] stakeholder representatives together when you gather the requirements and determine the design(s) to meet those requirements.

Answer 21

Concurrent Engineering

Question 22

Quality Functional Deployment you will have the VOC (Voice of the Customer, i.e. what the customer wants) and the VOP (Voice of the Product, i.e. what is actually produced). Goal is to have alignment between the VOC and the VOP.

Answer 22

QFD

Question 23

Essentially a subroutine. I.E. a template - part of a network diagram - that you are going to repeat in various locations throughout a network diagram.

Answer 23

Fragnet

Subnet

Question 24

Earned Schedule is the moment in time for which the current Earned Value was predicted to be accomplished.

Answer 24

Earned Schedule

Question 25

Internal Rate of Return - This is the rate of return where the NPV (Net Present Value) is equal to zero. For the exam, the bigger the IRR the better.

Answer 25

IRR

Question 26

Designed For Six Sigma. This is when you take one management tool and modify it for a particular use.

Answer 26

DFSS

Question 27

Plan, Do, Check, Act. Aka, The Deming Cycle. Used as the basis for just about every process improvement effort used today.

Answer 27

PDCA

Question 28

Define, Measure, Analyze, Improve, Control. THE tool for doing major improvement efforts.

Answer 28

DMAIC

Question 29

Define, Measure, Analyze, Design, Verify. A DFSS modification of DMAIC. Used to produce the initial product or process with the goal that it be the best it can be out of the starting gate and continually improved moving forward.

Answer 29

DMADV

Question 30

Small incremental improvements (are better than large disruptive changes). Sometimes translated as “continual improvement”

Answer 30

Kaizen

Question 31

Non-value added effort. Often translated as waste.

Answer 31

Muda

Question 32

Card & [empty] Cart. The card represent an order. The empty cart represents capacity. When both conditions are true this would initiate a “pull” of the required components to be assembled.

Answer 32

Kan-Ban

Question 33

This is a principle that states that one should optimize the slack or play (compliant specifications) to ensure that one produce

Answer 33

The Taguchi Principle