Terms Flashcards
1
Q
Monte Carlo Analysis
A
- Test the feasibility of the draft schedule by assessing a series of worst case scenarios based on assumptions
- Used to prepare contingency and response plans
2
Q
Stakeholder Analysis
A
- Gathers relevant information about each stakeholder
- Used to help create the stakeholder registry
- Includes roles, attitudes, expectations, and interests
- A data analysis technique
3
Q
Functional Organization
A
- Structure of your organization is considered an enterprise environmental factor
- The structure directly influences the development of a project
4
Q
Referent Power
A
- Influence others by virtue of charisma
- Based upon another person liking you or wanting to be like you
5
Q
Business Case
A
- An input to the Develop Project Charter process
- Used to provide the information required to help determine if the project is justified
- Includes benefits analysis that was performed to justify the project
- Identifies the scope for the final product
6
Q
Control Chart
A
- Used during quality assurance to check the performance of a given process and show negative trends
7
Q
When ending a project
A
- Close any local claims
- Update records to reflect final result
- Archive the records for future projects
8
Q
Three-Point Estimate
A
- Provides a weighted average of the optimistic, most likely, and pessimistic estimated durations
- Will identify the range of uncertainty
- Calculates the best, worst, and most likely scenarios
- Aims to improve the accuracy of the activity cost by taking into account the risk of the original estimate
9
Q
Technical Performance Analysis
A
- Data analysis that compares the differences between targets and actual results
10
Q
Quantitative Analysis
A
- Involves performing a numerical analysis of how the identified risks will impact the project deliverables
11
Q
Qualitative Analysis
A
- Entails prioritizing risks based on the probability of occurrence and impact to the project
- EEFs would help perform a qualitative analysis
12
Q
Rough order of Estimates
A
- Has an accuracy range of -25% to 75%
- Used in the early stages of the project
13
Q
Schedule status
A
- Determined by comparing the critical path against the current progress
14
Q
WBS
A
- Defines and organizes the total scope of the project
15
Q
RBS
A
- Should be updated when a change in staffing occurs
16
Q
Parametric estimating
A
- Reviews the historical data for statistical correlations
17
Q
Funding limit reconciliation
A
- Used in the determine budget process
- Used to ensure planned expenditures never exceed planned funds on hand
- Regulates cash flow over the life of the project
18
Q
Fast Tracking
A
- When activities that are typically performed in sequence are done in parallel
19
Q
Cost Aggregation
A
- Adding together the activity cost for each component of the WBS
20
Q
Time Series
A
- Form of forecasting that uses past history to estimate project outcomes
21
Q
Project Funding Requirements
A
- Shows how funding will be provided throughout the project and is used to ensure funds will be available
22
Q
Histogram
A
- Helps determine the impact of each defect by charting the results as bars
23
Q
Kaizen
A
- Continuous improvement
- Makes processes and procedures more efficient
24
Q
Ishikawa
A
- Cause and effect diagram
25
Q
Requirements
A
- Must meet customer expectations
26
Q
Scatter Diagram
A
- Shows the relationship between two variables
27
Q
Variance Analysis
A
- Used to determine how far the current state of the project is off from the original planned schedule
28
Q
Trend analysis
A
- Analyzes data over a given length of time in an attempt to determine a pattern
- Done in the form of BAC vs EAC
- Used to view whether the cost performance of the project has worsened since the start
29
Q
Radar Chart
A
- Used to assess the suitability of an agile approach
30
Q
Design of experiments
A
- Used to see how changes in multiple variables can work together to improve process results
31
Q
Flow Chart
A
- Visual representation of the steps in a process
- Can be used to predict where problems will occur
32
Q
Product Analysis
A
- Uses methods like product breakdown, system analysis, System engineering, value engineering, value analysis, and requirements analysis
- Discovers the attributes and features that the project deliverables require
33
Q
Rolling-wave Planning
A
- Used to decompose the WBS in stages, based on the amount of information that is needed or available as the time
