Test Flashcards

1
Q

Affinity Grouping

A

The process of classifying items into similar categories or collections on the basis of their likeness.

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2
Q

Budget at Completion

A

The sum of all budgets established for the work to be performed.

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3
Q

Assumption Log

A

A project document used to record all assumptions and constraints throughout the project.

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4
Q

Benefits Management Plan

A

The documented explanation defining the processes for creating, maximizing, and sustaining the benefits provided by a project or program.

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5
Q

Business Value

A

The net quantifiable benefit derived from a business endeavor that may be tangible, intangible, or both.

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6
Q

Activity List

A

A documented tabulation of schedule activities that shows the activity description, activity identifier, and a sufficiently detailed scope of work description so project team members understand what work is to be performed.

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7
Q

Confirmation Bias

A

Confirms preexisting beliefs or hypotheses.

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8
Q

Change Control

A

A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected. There is a board, a plan, a system, a request, a log.

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9
Q

Backlog Refinement

A

Progressive elaboration of the content in the ordered list of work to be done, and (re)prioritization of it to identify the work that can be accomplished in an upcoming iteration.

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10
Q

Alternatives Analysis

A

A method used to evaluate identified options in order to select the options or approaches to use to perform the work of the project.

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11
Q

Burn Chart

A

A graphical representation of the work remaining in a timebox or the work completed toward the release of a product or project deliverable.

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12
Q

Business Case

A

A value proposition for a proposed project that may include financial and non-financial benefits.

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13
Q

Acceptance Criteria

A

A set of conditions that is required to be met before deliverables are accepted

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14
Q

Bidder Conference

A

Contractor conferences, vendor conferences, or pre-bid conferences. Meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all vendors have a common understanding of the procurement.

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15
Q

Business Model Canvas

A

A one-page visual summary that describes the value proposition, infrastructure, customers, and finances. Lean Startup artifact.

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16
Q

Affinity Diagram

A

A diagram that shows large numbers of ideas classified into groups for review and analysis.

17
Q

Baseline

A

The approved version of a work product, used as a basis for comparison to actual results.

18
Q

Budget

A

The approved estimate for any work breakdown structure component, project, or schedule activity.

19
Q

Basis of Estimates

A

Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels.

20
Q

Contingency Reserve

A

Time or money allocated in the schedule or cost baseline for known risks with active response strategies.

21
Q

Accuracy

A

Within the quality management system, it is an assessment of correctness

22
Q

Analogous Estimating

A

A method for estimating the duration or cost of an activity or project using historical data from a similar activity or project. Cheap method but not super accurate.

23
Q

Adaptive Approach

A

A development approach in which the requirements are subject to a high level of uncertainty and volatility, and are likely to change throughout the project.

24
Q

Assumption and Constraint Analysis

A

An assessment that ensures assumptions and constraints are integrated into the project plans an documents, and that there is consistency among them.

25
Q

Actual Cost

A

The realized cost incurred for the work performed on an activity during a specific time period.