Test Review Flashcards
Method of constructing network diagrams, aka AON, uses nodes to represent activities with nodes connected with arrows; does not represent loops or conditional branches
Precedence Diagramming Method (PDM)
narrative description of resources, goods, or services that are being sought from external sources to fulfill a project’s requirements, distributed to potential vendors, who will use it to evaluate their capability to perform this work
Statement of Work (SOW)
document for project sign-off that varies from company to company and indicates the customer’s authorization of a project
project charter
What are the phases (aka process groups) of the project management cycle and their outputs?
- Initiating: make business case, charter project, assemble core team. Project purpose, goals and objectives, project charter
- Planning: project management plans, scope statement, WBS, project schedule, project costs
- Executing: actual work; deliverables, quality improvement, proposals and contracts
- Monitoring and Controlling: progress/performance measurements, change requests, corrective action, risk and issues log
- Closing: confirm objectives were met, turn over product; formal acceptance and closure, project archives, lessons learned, transition and training
Hybrid of a bar and line chart that identifies what sources account for most of a problem’s causes; the bar is proportion of individual causes to the problem, and the line is the cumulative proportion of causes to the problem.
Pareto Diagram
What are the team development stages?
- Forming - learn about project, meet, agree upon roles/responsibilities
- Storming - work begins, conflict likely, requires PM leadership
- Norming - adjustments/compromises, cultural norms established
- Adjourning - work complete
sent from one company to another to summarize their willingness to enter into a proposed deal, idenfities key business and contractual understandings that will for the basis of the final contract. aka Memorandum of Understanding (MOU)
Letter of Intent (LOI)
the excess time before the start of a next project activity. Amount of time the task can be delayed without delaying any other activity in the project. Smallest difference between the early finish of a task and the early start of all the task’s successors. Only occurs when two or more activities share a common successor
Free float
the time delay between the start or finish of an activity and the start or finish of its successor
lag
methods of resolving negative float
crashing, fast tracking, adding resources to the critical path, re-re-estimating or extending project schedule
Occurs when the the late date is earlier than the early date
negative float
Measure of how well the project is performing with regard to the budget. Greater than 1 indicates the project is under budget
Cost Performance Index (CPI)
How do you calculate float?
Late Start - Early Start (LS - ES)
or
Late Finish - Early Finish (LF - EF)
The amount of time a particular task can slip before the critical path is affected
float (or slack)
conflict resolution type that brings viewpoints together to discuss and reach a solution
negotiating
conflict resolution type that uses multiple viewpoints to come to a consensus between parties
confronting
conflict resolution type that searches for a solution that will bring satisfaction to all parties
compromising
Conflict resolution type that emphasizes areas of agreement rather than areas of disagreement
smoothing
Detailed breakdown of deliverables of a project. Lists the tasks in the project, estimated time each task will take, and hierarchy of tasks in predecessor and successor layout. Does not include resources
Work Breakdown Structure (WBS)
Formal, approved document used to manage project execution. Includes scope, schedule, and cost baselines, and a list of project constraints. Also includes all subsidiary management plans.
Project management plan
Responsibilities of a SCRUM master
- translates the needs of product owners and customers
- handles external impediments
- ensures effective communication
Tool used in the Quality Assurance and Quality Control Processes. Usually show frequency at which a characteristic or condition occurs
Histogram
Opposite of risk avoidance strategy
seeks to eliminate uncertainties by ensuring a risk opportunity is realized
Risk exploitation
Cost-reimbursable contract where seller is reimbursed for all allowable costs and may receive an award based on satisfaction of the purchases
Cost Plus Award Fee (CPAF)
Cost-reimbursable contract where the seller is reimbursed for all allowable costs and also receives an inventive fee for achieving defined metrics
Cost Plus Incentive Fee (CPIF)
Cost-reimbursable contract where the seller is reimbursed for all allowable costs, also receives a fixed-fee payment that is usually a percentage of the initial estimate
Cost Plus Fixed Fee (CPFF)
Contract that pays a fixed price for procured product, also reimburses the vendor for their time as detailed in the contract
Time and Materials (T&M)
Contract that pays a fixed price for the procured product, but allows financial incentives to be added if the vendor achieves the defined metrics
Fixed Price Incentive Fee (FPIF)
Contract that pays a set price for procured goods, regardless of market or economic conditions
Firm Fixed Price (FFP)
Long-term contract that sets a total price for the procured product, but allows price to fluctuate based on market or economic conditions
Fixed Price with Economic Price Adjustment (FP-EPA)
Procurement document issued by organization to request pricing from vendors who already have an established history with the organization
Ends in contracts or an agreement for procurement
Request for Quote (RFQ)
Chart that tracks project activities over time and displays activity duration. Vertical axis shows activities, horizontal axis shows dates.
Gannt Chart
Line graph of data plotted over time used for trend analysis
run chart
Issued by business to request vendor bids
Ends in a contract or agreement for procurement
Request for Proposal (RFP)
Common approach to narrow down a list of vendors. Identifies requirements and requests vendor specify their experience and availability to meet requirements
Request for Information (RFI)