Vocabulary Flashcards
A strategy for managing threats or opportunities that involves acknowledging a risk and not taking any action until the risk occurs.
Accept
The quantitative assessments of the likely number of time periods that are required to complete an activity.
Activity Duration Estimates
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.
Activity List
A process in which you determine the number of iterations or Sprints that are needed to complete each release, the features that each iteration will contain, and the target dates of each release.
Agile Release Planning
A technique for estimating the duration or cost of an activity on a project using historical data from a similar activity or project.
Analogous Estimating
A strategy for managing negative risks or threats that involves changing the project management plan to remove the risk entirely by extending the schedule, changing the strategy, increasing the funding, or reducing the scope.
Avoid
A document sent to an individual or business to stop allegedly illegal activities and to not undertake them again.
Cease and Desist Letter
A numbering system used to uniquely identify each component of the WBS.
Code of Accounts
A visual depiction of the product scope showing a business system, and how people and other systems interact with it.
Context Diagram
All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements.
CoQ
The money spent during a project to avoid failures. This includes prevention costs that build a quality product and appraisal costs that assess the quality.
Cost of Conformance
The money spent after a project is complete because of failures. This includes internal and external failure costs.
Cost of Non-Conformance
A way of analyzing the major risks inherent to a project that could have an impact on its success. These major risks include time, cost, quality, and scope.
Effect-Based Risk Classification
The strategy in which you determine that a threat is outside the scope of the project or beyond the PM’s authority. You then forward the threat to a person or part of the organization at a higher level.
Escalate
A strategy for managing positive risks that involves attempting to make sure that the opportunity happens.
Exploit
