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Lehmann Prep PMP
PMP
10
Management
Graduate
02/08/2016

Additional Management Flashcards

 


 

Cards

Term
Best practice refers to
Definition
a specific sequence of work, described in terms of soft logic
Term
Project Scope Statement
Definition
Product acceptance criteria should be laid down in this document
Term
Work Authorization
Definition
a permission and direction, typically written, to begin work on a specific schedule activity or work package or control account. It is a method for sanctioning project work to ensure that the work is done by the identified organization, at the right time, and in the proper sequence
Term
Checksheet
Definition
a tool that is most likely to help the team identify areas of error concentration in order to develop a prioritized response strategy
Term
Checksheets
Definition
aka tally sheets. They are used to organize facts in a manner that will facilitate the effective collection of useful data about a potential quality problem
Term
Best used to calculate profit from an internal project
Definition
the economic value added to the organization taking into account taxes and capital costs
Term
Most common Active Risk Acceptance
Definition
establishing a contingency reserve, including amounts of time, money, or resources to handle the risks
Term
Burn Rate
Definition
1/CPI

rate at which the project is being spent
Term
Milestones
Definition
are similar to regular schedule activities, with the same structure and attributes, but they have zero duration because they represent a moment in time
Term
Milestone
Definition
significant point or event in a project
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