Shared Flashcard Set

Details

PMP 4th Edition
PMP Exam Review Cards
50
Business
Professional
02/05/2011

Additional Business Flashcards

 


 

Cards

Term
What are the FIVE Project Management groups?
Definition
Initiating, planning, executing, monitor/control, closing
Term
Closing Processes
Definition
Formalizing acceptance of the project or phase and bringing it to an orderly end
Term
Controlling Processes
Definition
Ensuring that the process objectives are met by monitoring and measuring progress regularly to identify variances from plan so that corrective action can be taken when necessary.
Term
Executing Processes
Definition
Coordinating people and other resources to carry out the plan
Term
Initiating Process
Definition
Authorizing the project or phase
Term
Planning Process
Definition
Defining and refining objectives, and selecting the best of the alternative courses of action to attain the objectives that the project was undertaken to address
Term
Name the six processes within Project Procurement Management
Definition
Procurement planning, Solicitation Planning, Solicitation, Source Selection, Contract Administration, Contract Closeout
Term
Name the three processes within Project Human Resource Management
Definition
Orginazational Planning, Staff Acquisition, Team Development
Term
Name the six processes within Project Risk Management
Definition
Risk management planning, Risk identification, Qualitative Risk Analysis, Quantitative Risk Analysis, Risk Response Planning, Risk monitoring and control
Term
Name the three processes within Project Quality Management
Definition
Quality Planning, Quality Assurance and Quality Control
Term
Name the four processes within Project Communications Management:
Definition
Communications planning, Information distribution, Performance Reporting, Administrative Closure
Term
Name the four processes within Project Cost Management:
Definition
Resource Planning, Cost Estimating, Cost Budgeting, Cost Control
Term
Name the five processes with Project Time Management:
Definition
Activity Definition, Activity Sequencing, Activity Duration Estimating, Schedule Development and Schedule Control
Term
Name the five processes within Project Scope Management:
Definition
Initiation, Scope Planning, Scope definition, Scope verification, Scope change control
Term
Name the three processes within Project Integration Management:
Definition
Project Plan Development, Project Plan Execution, Integrated Change Control
Term
Work Package
Definition
A deliverable at the lowest level of the work breakdown structure, when that deliverable may be assigned to another project manager to plan and execute. This may be accomplished through the use of a subproject where the work package may be further decomposed into activities.
Term
Work Breakdown Structure (WBS)
Definition
A deliverable orientated grouping of project elements that organizes and defines the total work scope of the project. Each descending level represents an increasingly detailed definition of the project work.
Term
Workaround
Definition
A response to a negative risk event. Distinguished from contigency plan in that a work around is not planned in advance of the occurence of the risk event
Term
Value Engineering
Definition
A creative approach used to optimize life-cycle costs, save time, increase profits, improve quality, expand market share, solve problems, and use resources more effectively
Term
Triggers
Definition
Risk symptoms or warning signs. Indications that a risk has or is about to occur. Triggers may be discovered in the risk identification process and watched in the risk monitoring and control process.
Term
TQM - Total Quality Management
Definition
A common approach to implementing a quality improvement program within an organization.
Term
Time-Scaled Network Diagram
Definition
Any project network diagram drawn in such a way that the positioning and the length of the activity represents its duration. A bar chart that includes network logic.
Term
Technical Performance Measurement
Definition
Compares technical accomplishments during project execution to the project plan's schedule of technical achievment
Term
Team Development
Definition
Developing individual and group competencies to enhance project performance
Term
Task
Definition
Lowest level of effort on a project. Not included on the WBS, could be a decompisition of work on the WBS
Term
Target Start Date (TS)
Definition
The Date that work is planned (targeted) to start on an activity.
Term
Target Finish Date (TF)
Definition
The date the work is planned to be complete
Term
Target Completion Date (TC)
Definition
An imposed date that constrains or otherwise modifies the network analysis
Term
Successor Activity
Definition
Arrow Diagraming: The activity that departs the node

Precedence diagramming: the "to" activity
Term
Subproject
Definition
A smaller portion of the overall project
Term
Sub-Net
Definition
A subdivision of a project network diagram, usually representing some form of a subproject.
Term
Statement of Work (SOW)
Definition
A narrative description of products and services to be supplied under contract
Term
Start Date
Definition
A point in time associated with a activity's start. Usually qualified by one of the following: actual, planned, estimated, scheduled, early, late, target, baseline or current.
Term
Stakeholder
Definition
Individuals and organizations that are actively involved in the project, whose interest are positively or negatively affected as a result of the project execution or project completion. They may also exert influence over the project and it's results.
Term
Staff Acquisition
Definition
Getting needed human resources assigned to and working on the project
Term
Source Selection
Definition
Choosing from among all potential sellers
Term
Solicitation Planning
Definition
Documenting product requirements and identifying potential sources
Term
Solicitation
Definition
Obtaining quotations, bids, offers, or proposals as appopriate
Term
Slack
Definition
A term used in arrow diagraming method for float
Term
Simulation
Definition
Use a project model that translates uncertainies specified at a detailed level into their potential impact on objectives of the project
Term
Seller
Definition
A provider of goods and services to the organization
Term
Secondary Risk
Definition
The risk that arises as a direct result of implementing a risk response.
Term
Scope Verification
Definition
Formalizing acceptance of the project scope
Term
Scope Statement
Definition
Provides a documented basis for making future project decisions and for confirming or developing common understanding of project scope among the stakeholders. As the project progresses this statement may need to be revised or refined to reflect approved changes to the scope of the project.
Term
Scope Planning
Definition
The process of progressively elaborating the work of the project. which includes developing a written scope statement that includes the project justification, the major deliverables, and the project objectives
Term
Scope Definition
Definition
Subdividing the major deliverables into smaller, more manageable components to provide better control
Term
Scope Change Control
Definition
Controlling changes to project scope
Term
Scope Change
Definition
And change to the project scope. Requires an adjustment to the schedule or budget
Term
Scope
Definition
The sum of products and services to be provided as a project.
Term
Scheduled Start Date (SS)
Definition
The point in time that work was scheduled to start on an activity. Normally within the range of early and late start dates. May reflect leveling of scarce resources.
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