Term
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Definition
A grouping of activities that achieve a certain goal.
Always has a beginning and end
unique |
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Term
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Definition
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Term
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Definition
| the allotted time that you have to accomplish your project |
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Term
| What is quality restraint? |
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Definition
| the overall soundness of the deliverables. |
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Term
| What is a cost restraint? |
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Definition
| the limit of resources used on a project |
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Term
| 4 components of a project? |
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Definition
-phases
-deliverables
-people
-constraints |
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Term
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Definition
-initiating
-planning
-executing
-controlling
-closing |
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Term
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Definition
| recognizes and authorizes a project to begin. |
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Term
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Definition
| Where you define the plan you'll use to accomplish the business need that project is going to serve or satisfy |
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Term
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Definition
| Coordinating people and other resources in order to effectively carry out the plan |
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Term
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Definition
| Monitoring project progress to be certain that project objectives are met. |
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Definition
| Closing formalizes acceptance of the project. |
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Term
| What makes a project manager? |
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Definition
| The person who is responsible for managing projects, making sure that they are planned, executed to the plan, and controlled. |
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Term
| How do you decide if a project is feasible? |
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Definition
-What will it cost?
-How long will it take to recoup our costs?
-What do we get if the project is finished? |
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Term
| What is a project sponsor? |
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Definition
| The person who has the authority to approve the project, assign or help you obtain resources, and resolve conflict. |
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Term
| What is a project champion? |
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Definition
| The one who will keep the project in the limelight, in the forefront of things. |
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Term
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Definition
-planning
-activating
-controlling
-ending |
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Term
| What are the minimum items a project charter includes? |
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Definition
-Authorization
-Appointment
-Business justification
-Account establishment
-Monitoring |
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Term
| What are the four unique characteristics to consider when planning a Scope Definition? |
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Definition
1. The justification for the project
2. The result created by the project
3. The deliverables produced by the project
4. The objectives of the project |
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Term
| What are the key elements to include in a scope document? |
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Definition
-Project background
-Deliverables
-Estimated Completion time
-Budget information
-Project sponsor
-Assumptions |
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Term
| What is the role of the Customer? |
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Definition
| The one who benefits from the project. |
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Term
| What is a Full-time matrix? |
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Definition
| Team members who are committed full time to a project |
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Term
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Definition
| Team members who are spread across more than one projects |
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Term
| What are the main components of the Project Scope? |
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Definition
-Project Size
-Project Cost
-Projectized Schedule and (W)indow (O)f (O)pportunity
-Stakeholders Roles and Authorities
-Project Manager's Role and Authority
-Completion Criteria
-Methodologies to be followed
-Scope Change-Control Process
-Mandated tools, Personell, and Other Resources
-Industry or Government Regulations |
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Term
| What is the minimum details a Change-Control Process should have? |
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Definition
-How to request a change
-How to analyze the impact of the requested change
-value of change
-what the change implies
-how these balance with other aspects of the project
-How to gain approval for the additional funds |
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Term
| What are steps to create consensus among project stakeholders? |
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Definition
-Project kick-off
-negotiation
-interviewing strategies
-meetings
-memos |
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Term
| How Should managers be involved (Buy-in)? |
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Definition
-get them engaged right from the start
-should be involved in high-level review of deliverables
-they should be project advocates |
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Term
| What should be in a requirements Document? |
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Definition
-Assumptions
-Expectations
-Technical Issues
-Industry issues
-risks
-requirements themselves
-stakeholders
-approvals |
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Term
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Definition
| Scheduling decisions based on resource constraints. |
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Term
| What is the formula for CPI? |
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Definition
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Term
| What is the formula for SV? |
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Definition
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Term
| What is the formula for calculating PERT? |
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Definition
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Term
| How do you calculate Risk Reserve? |
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Definition
| Risk Impact*Risk Probability |
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Term
| What is the formula for Cost Variance (CV)? |
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Definition
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Term
| How do you calculate Schedule Variace(SV)? |
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Definition
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Term
| How do you calculate Schedule Performance Index (SPI)? |
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Definition
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Term
| What are some possible sub-plans? |
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Definition
-Work Breakdown Structure
-Risk Management Plan
-Quality Plan
-Communication Plan
-Change Management Plan |
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Term
| What should be included in the project proposal? |
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Definition
-objectives
-scope
-scope issues
-project assumptions
-business value of the project |
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Term
| What is the Critical Chain Project Management method based on? |
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Definition
| methods and algorithms derived from the theory of constraints |
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Term
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Definition
| When a person is competent at one task, he or she will often be perceived as being competent at another, unrelated task. |
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Term
| What is the formula for figuring out how many lines of communications you need? |
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Definition
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Term
| Why are the use of project charters useful? |
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Definition
| Project charter authorizes you to use organizational resources to accomplish the objectives of the objectives of the project. |
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Term
| how do accomodate with unexpected project delays |
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Definition
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Term
| Which of the following can be used to prevent scope creep? |
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Definition
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Term
| What's the purpose of an issue log? |
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Definition
-to allocate a unique number to each project issue
-to record the type of project issue
-provide a summary, analysis and status of the issues encountered during the project. |
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Term
| What is the formula for control chart standard deviation? |
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Definition
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Term
| How do you calculate percent spent? |
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Definition
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Term
| How do you calculate how much it will cost to complete your project? |
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Definition
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Term
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Definition
| A person in the department or organization who handles the budgetary elements of enterprise |
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Term
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Definition
| a schedule compression technique where two activites that were previously scheduled to start sequentially start at the same time Fast tracking reduces scheduel duration. |
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Term
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Definition
| A form of organizational structional. Traditional organizations with hierarchical reporting structures |
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Term
| Benefits measurement methods |
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Definition
| decision model that compares the benefits obtained from a variety of new projects requests |
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Term
| Constrained optimization models |
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Definition
| decision model that uses complex principles of statistics and other mathematical concepts. |
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Term
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Definition
| explains the major characteristics of the product and escribes the relationship between the business need and the product requested. |
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Term
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Definition
| usually not the project sponsor who fully understands, believes in, and espouses the benefits of the project. |
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Term
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Definition
| official written acknowledgment and recognition that a project exists. |
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Term
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Definition
| includes project objective, a description of the owrk of the project, concise specifications of the product or services required, and a project schedule. |
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Term
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Definition
| a technique for measuring actual versus baseline costs. |
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Term
| What is Planned Value (PV) |
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Definition
| a portion of the project budget that is expected to be spent during a specific time period. |
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Term
| What is Earned Value (EV) |
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Definition
| the total budgeted cost of all work completed to date on a project. |
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Term
| What is Actual Cost (AC)? |
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Definition
| the amount of money spent on completing a specific activity within a specific time period. |
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Term
| What are the calculations used during earned value analysis? |
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Definition
-Cost variance
-Schedule variance
-Cost performance index
-Schedule performance index |
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Term
| What is a valid reason for re-baselining your project plan? |
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Definition
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Term
| How do you calculate EAC? |
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Definition
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Term
| How do you calculiate Variance at Completion (EVA) |
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Definition
First calculate CPI (EV/AC)
Then calculate EAC(BAC/CPI)
then calculate Variance @ Completion (BAC-EAC) |
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Term
| What does an arrow diagram represent? |
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Definition
| Activities on the arrow (not on the node) |
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Term
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Definition
| it is an evaluation of strengths and weaknesses of your company's disaster preparedness and the impact it would have on your business |
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Term
| What is a Type X manager? |
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Definition
| One who believes people should be closely managed |
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Term
| What is the formula for ETC? |
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Definition
1st calculate EAC (BAC+AC)-EV
Then EAC-AC |
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