Term
| What are the 5 Process Groups in PMBOK, Sixth Edition? |
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Definition
| Initiating, Planning, Executing, Monitoring and Controlling, Closing |
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Term
| What are the ten Management Categories |
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Definition
Project Integration Management
Project Management Scope
Project Schedule Management
Project Cost Management
Project Quality Management
Project Resource Management
Project Communications Management
Project Risk Management
Plan Procurement Management
Plan Stakeholder Engagement |
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Term
| Project Integration Management Planning Processes |
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Definition
| Develop Project Management Plan |
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Term
Project Scope Management Planning Processes
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Definition
Plan Scope Management
Collect Requirements
Define Scope
Create WBS |
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Term
Project Schedule Management Planning Processes
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Definition
Plan Schedule Management
Define Activities
Sequence Activities
Estimate Activity Durations
Develop Schedule |
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Term
Project Cost Management Planning Processes |
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Definition
Plan Cost Management
Estimate Budget
Determine Budget |
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Term
Project Quality Management Planning Processes |
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Definition
| Plan Quality Management Plan |
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Term
Project Communications Management Planning Processes
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Definition
| Plan Communications Management Plan |
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Term
| Project Risk Management Planning Processes |
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Definition
Plan Risk Management Plan
Identify Risk
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Respones |
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Term
| Project Procurement Management Planning Processes |
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Definition
| Plan Procurement Management |
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Term
| Project Stakeholder Management Planning Processes |
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Definition
| Plan Stakeholder Engagement |
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Term
| Project Integration Management Initiating Processes |
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Definition
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Term
Project Stakeholder Management Initiating Processes
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Definition
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Term
| Project Integration Management Executing Processes |
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Definition
Direct and Manage the Project Work
Manage Project Knowledge |
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Term
| Project Quality Management Executing Processes |
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Definition
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Term
| Project Resource Management Executing Processes |
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Definition
Acquire Resources
Develop Team
Manage Team |
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Term
| Project Communications Management Executing Processes |
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Definition
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Term
| Project Risk Management Executing Processes |
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Definition
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Term
| Project Procurement Management Executing Processes |
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Definition
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Term
| Project Stakeholder Management Executing Processes |
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Definition
| Manage Stakeholder Engagement |
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Term
| Project Integration Management Monitoring & Controlling Processes |
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Definition
Monitor and Control Project Work
Perform Integrated Change Control |
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Term
| Project Scope Management Monitoring & Controlling Processes |
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Definition
Validate Scope
Control Scope |
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Term
| Project Schedule Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Cost Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Quality Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Resources Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Communications Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Risks Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Procurement Management Monitoring & Controlling Processes |
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Definition
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Term
| Project Stakeholder Management Monitoring & Controlling Processes |
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Definition
| Monitor Stakeholder Engagement |
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Term
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Definition
| What the Project should be worth |
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Term
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Definition
What the project is worth
% Compete x Budget at Completion (BAC) |
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Term
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Definition
| What the Project has spent so far |
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Term
What is Budget at Completion (BAC)
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Definition
| What the Projects Budget is |
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Term
| What is Cost variance (CV) |
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Definition
The difference between earned value and the actual cost
CV = EV-AC |
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Term
| What is Schedule Variance (SV) |
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Definition
The difference between Earned Value and Planned Value
SV = EV-PV |
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Term
| What is Variance at Completion (VAC) |
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Definition
| Projection of being over or under budget based on current performance |
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Term
| What is Cost Performance Index (CPI) |
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Definition
Shows overall cost efficiency on the project
CPI = EV/AC |
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Term
| What is Schedule Performance Index (SPI) |
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Definition
Shows overall Schedule adherence
SPI = EV/PV |
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Term
What is Estimate at Completion (EAC)
Standard Formula |
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Definition
Forecasts final project cost based on current performance
EAC = BAC/CPI |
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Term
What is Estimate at Completion (EAC)
Future work at planned cost formula |
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Definition
Forecasts final project cost based on current performance
EAC = AC + BAC - EV |
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Term
What is Estimate at Completion (EAC)
Initial cost estimates flawed |
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Definition
Forecasts final project cost on current performance
EAC = AC + Estimate for remainder of project
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Term
What is Estimate at Completion (EAC)
CPI and SPI affect remainder of project |
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Definition
Forecasts final project costs based on current performance
EAC = AC + (BAC-EV/(CPI x SPI)) |
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Term
| What is estimate to Complete |
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Definition
Predict how much more the remainder of the project will cost
EAC - AC |
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Term
What is TCPI Utilizing BAC
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Definition
Predicts likelihood of reaching BAC
(BAC-EV)(BAC-AC) |
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