Shared Flashcard Set

Details

NH PMI PMP Study Group
Terms, Glossary and Knowledge Group / Process Area
260
Other
Professional
10/14/2010

Additional Other Flashcards

 


 

Cards

Term
I-DEC
Definition
Integration Management
Project Plan Development
Project Plan Execution
Integrated Change Control
Term
S-IPDVC
Definition
Scope Management
Initiation
Scope Planning
Scope Definition
Scope Verification
Scope Change Control
Term
T-ASDDC
Definition
Time Management
Activity Definition
Activity Sequencing
Activity Duration Estimating
Schedule Development
Schedule Control
Term
C-REBC
Definition
Cost Management
Resource Planning
Cost Estimating
Cost Budgeting
Cost Control
Term
Q-PAC
Definition
Quality Management
Quality Planning
Quality Assurance
Quality Control
Term
H-OST
Definition
Human Resource Management
Organizational Planning
Staff Acquisition
Team Development
Term
C-PIPA
Definition
Communications Management
Communications Planning
Information Distribution
Performance Reporting
Administrative Closure
Term
R-PIQQRM
Definition
Risk Management
Risk Management Planning
Risk Identification
Qualitative Risk Analysis
Quantitative Risk analysis
Risk Response Planning
Risk Monitoring and Control
Term
P-PSSSAC
Definition
Procurement Management
Procurement Planning
Solicitation Planning
Solicitation
Source Selection
Contract Administration
Contract Closeout
Term
1 sigma
Definition
68.26000%
Term
2 sigma
Definition
95.46000%
Term
3 sigma (normal quality level)
Definition
normal control limits (99.73%)
Term
6 sigma (higher quality level)
Definition
high control limits (99.99%)
Term
Activity attribute
Definition
task attributes, such as responsibility, geographic area, building, activity type
Term
Administrative closure
Definition
formal closure of project (or each phase) to ensure completeness/acceptancde
Term
Alternative identification
Definition
techniques which generate different approaches to the project
Term
Analogous (top-down) estimating
Definition
using duration of previous task to estimate future similar work
Term
Arrow diagrmming method (ADM)
Definition
AOA-FS,dummy. Arrow=task, box=dependency
Term
Assignable cause
Definition
a data point (or rule of seven) that requires investigation to determine cause
Term
Attribute (measurement) sampling
Definition
the result conforms, or it does not (pounds, inches)
Term
Baseline schedule
Definition
original approved schedule with all approved changes
Term
Benefit / cost analysis
Definition
assessing relative desireability of various project alternatives
Term
Communication overload
Definition
results when too many resources are added to a task
Term
Conditional diagramming method (CDM)
Definition
allows loops and branches
Term
Conflict - top 4 causes
Definition
SPRT. Schedule,Priority,Resource,Technical
Term
Conflict Resolution
Definition
confronting (problem-solving),compromising, withdrawing,smoothing,forcing (in order of preference)
Term
Continuous improvement (Kaizen)
Definition
process of small incremental improvements in process and product
Term
Contract Administration
Definition
admininster the contract
Term
Contract closeout
Definition
completed
Term
Control Account Plan (CAP)
Definition
integrate to form the sum of the project scope
Term
Control chart
Definition
graphic depiction of whether or not a process is "in control"
Term
Control limits
Definition
acceptable range of process outcomes
Term
Core processes
Definition
interdependent processes performed in essentially the same order on most projects
Term
Corrective action
Definition
anything done to bring expected futue performance in line with the project plan
Term
Cost-reimburseable contracts
Definition
payment for costs plus a (profit) fee. May include incentives.
Term
Costs of Conformance
Definition
quality training, studies, surveys
Term
Costs of Nonconformance
Definition
rework, scrap, inventory cost, warranty cost
Term
Costs of quality
Definition
prevention, appraisal, failure
Term
Crashing
Definition
adding resources to critical paths while maintaining scope (increases costs)
Term
Crosby
Definition
Do things right the first time
Term
Decision tree analysis
Definition
tree analysis that leads to evaluation of risk cost/reward
Term
Decomposition
Definition
sub-dividing deliverables into smaller, more manageable components for planning
Term
Deming (Plan-Do-Check-Act)
Definition
85% of the cost of quality are the direct responsibility of management
Term
Dependency types
Definition
mandatory (hard logic), discretionary (preferred,experiential), external (based on needs or desires)
Term
Direct costs
Definition
incurred for exclusive benefit of the project
Term
Distribution - log/log normal
Definition
mean and standard deviation
Term
Distribution - triangular
Definition
low, most likely, high
Term
Duration compression
Definition
looking to shorten the schedule without chopping the scope; see crashing and fast-tracking+B127
Term
Estimate - Budget estimate
Definition
Made during planning phase. From -10 to +25% accurate
Term
Estimate - Critical path method (CPM)
Definition
AOA diagram,single estimate, emphasize cost control, can have dummies
Term
Estimate - Definitive estimate
Definition
Made during planning phase. From -5 to +10% accurate
Term
Estimate - Monte Carlo Simulation
Definition
estimate / analysis by a series of controlled simulations
Term
Estimate - Order of magnitude
Definition
Made during initiation phase. From -25% to +75% accurate
Term
Estimate - PERT
Definition
AOA diagram only, 3 estimates, emphasizes schedule
Term
EVM
Definition
Earned Value Management - measures scope, schedule, and resources throughout PLC
Term
Expectancy theory
Definition
employees who believe effort will lead to performance and reward
Term
Expected Monetary Value
Definition
probability x consequences
Term
Facilitating processes
Definition
processes performed intermittently or as needed on most projects
Term
Fallback plan
Definition
developed for high-impact risks or where the selected strategy may not succeed
Term
Fast-tracking
Definition
doing critical path tasks in parallel that were originally planned in series (increases risk)
Term
Fishbone (Ishikawa) diagram
Definition
cause --> effect diagram
Term
Fixed-price (lump sum) contract
Definition
requires well-defined product. May include schedule and/or cost incentives. Most common.
Term
Float
Definition
the time a task can be delayed from its early start without delaying the project finish date
Term
Flowcharts
Definition
depict workflow and process flow; used for quality, engineering, etc
Term
Free float
Definition
the time a task can be delayed without delaying the early start of its successor
Term
GANTT (bar) chart
Definition
weak for planning; use to show progress reporting and to help with control
Term
GERT
Definition
network diagramming method that allows loops between tasks
Term
Grade (as opposed to quality)
Definition
ranking of entities with same function but different technical characteristics
Term
Halo effect
Definition
tendency to see all factors as one sees a particular factor
Term
Hammock
Definition
one or more summary activities
Term
Herzberg's Theory
Definition
deals with hygiene factors and motivating agents
Term
Heuristics
Definition
rule of thumb (i.e.80/20 rule)
Term
Impact of poor quality
Definition
increased cost, low morale, low customer satisfaction, increased risk
Term
Imposed completion date
Definition
may add risk, increase cost, and compromise quality
Term
Indirect (overhead) costs
Definition
allocated as cost of doing business, generally a % of direct costs
Term
Influence diagrams
Definition
graphical representations of a problem showing causal influences and variable relationships
Term
Initiating processes
Definition
performed at project (or phase) start as part of project scope management
Term
Integrated Change Control
Definition
influencing, observing, and managing change events across baselines, scope, and processes
Term
Juran's trilogy
Definition
fitness of use=QImprovement+QPlanning+QControl
Term
Kotter on leading
Definition
establishing direction, aligning people, motivating and inspiring
Term
Kotter on managing
Definition
consistently producing key results expected by stakeholders
Term
Lag time
Definition
time inserted between tasks (i.e, letting concrete dry)
Term
Lead time
Definition
F-S with 10 day lead: the successor task starts 10 days before the predecessor completes
Term
Leadership styles
Definition
Directing,facilitating,coaching,supporting,autocratic,consultative,consensus
Term
Make-or-buy analysis
Definition
part of initial scope definition
Term
Marginal analysis
Definition
optimal quality is where revenue improvement=cost of attainment
Term
Market conditions
Definition
what's available from whom where and when
Term
Maslow's Hierarchy of Needs
Definition
people work to contribute - self-actrualization down to physiological
Term
Mathematical analysis
Definition
calculating early/late start/finish flor all activites resulting in "could be" scheduled limits
Term
McGregor Theory of X and Y
Definition
X=people need to be watched every minute; Y=people want to achieve
Term
Milestone chart
Definition
part of activity sequencing, good for mgmt reporting
Term
Milestones
Definition
events in activity sequencing to assure delivera ble requirements are met
Term
Network diagram
Definition
shows activities, taskflow, how the work will flow ; use to show interdependencies
Term
Parametric modeling
Definition
using project parameters to predict overall costs
Term
Pareto diagram
Definition
histogram of cause by frequency of occurrence
Term
Pareto's Law
Definition
80/20 rule
Term
Performance measurement
Definition
techniques (i.e.EVM) to assess whether variances from the plan require corrective action
Term
PERT chart
Definition
a project network diagram
Term
PLC-Construction (Morris)
Definition
feasibility, design, construction,turnover
Term
PLC-Pharmaceuticals (Murphy)
Definition
very proactive, can reduce project problems by 90%
Term
PLC-Software development (Muench)
Definition
POC, first-build, second-build, final cycle
Term
PMI mindset
Definition
plan the work, work to the plan, be proactive, adjust, guide, deliver what you said you'd deliver
Term
PMIS
Definition
system set up in advance to keep PM informed of status of all project tasks
Term
Precedence diagramming method (PDM)
Definition
AON-FS,SS,etc., node=activity, arrow=dependency
Term
Preventive action
Definition
anything that reduces the probability of potential consequences of project risk events
Term
Problem-solving process
Definition
define cause,analyze problem,identify solutions,implement decision,review and confirm
Term
Process
Definition
series of actions bringing about a result
Term
Procurement audits
Definition
structured review of procurement process to determine success and failure
Term
Procurement management
Definition
processes necessary to procure goods/services from outside the organization
Term
Procurement planning
Definition
make or buy decision, contract type selected, scope of work defined; done during Scope Def
Term
Product Life Cycle
Definition
coordinated phases that result in a completed product
Term
Product Scope
Definition
features or functions that characterize a product or service
Term
Product verification
Definition
focusses on making sure all the work is complete
Term
Product-oriented processes
Definition
specify and create the project's product; see Product Life Cycle
Term
Project
Definition
a temporary endeavor undertaken to create a unique product or service
Term
Project charter
Definition
output of Initiation, issued by management, formally authorizes the project
Term
Project interfaces
Definition
organizational, technical, and inter-personal
Term
Project Management Life Cycle
Definition
Initiating-planning-executing-controlling-closing, taken collectively
Term
Project Management processes
Definition
describe, organize, and complete the work of the project; see PM Life Cycle
Term
Project Plan
Definition
formal approved plan used to manage project execution
Term
Project Planning Methodology
Definition
combinagtion of hard and soft tools - PM software, documents, start-up meetings
Term
Project Schedule
Definition
planned dates for performing activities and meeting milestones
Term
Project Scope
Definition
work that must be done to successfully complete the project
Term
Project Selection Methods
Definition
either benefit measurement (BCR) or constrained optimization (mathematical models)
Term
Project slack (float)
Definition
amount of time the project can be delayed without missing its agreed-upon completion date
Term
Qualitative risk analysis
Definition
assess likelihood and impact of risk (subjective)
Term
Quality
Definition
conformance to requirements and fitness of use
Term
Quality assurance
Definition
implement quality planning, check overall, ensure quality standards remain valid, audits
Term
Quality audits
Definition
performed to gain lessons learned to assist future projects
Term
Quality control
Definition
inspection , monitoring, measuring, does it meet planned standards, checklists
Term
Quality management
Definition
processes required to ensure project satisfies needs for which it was undertaken
Term
Quality planning
Definition
standards, benchmarking,B/A analysis,flowcharts, D of E, cost
Term
Quantitative risk analysis
Definition
assess numerically the probability and consequence on the project
Term
Reserve time (contingency, buffer)
Definition
time added to task/schedule to offset risk
Term
Resource GANTT chart
Definition
shows when resources are allocated to tasks
Term
Resource histogram
Definition
graphs # of resources used each month as bar chart
Term
Resource leveling
Definition
lets schedule time and cost slip in favor of stabilizing resource usage
Term
Responsibility matrix
Definition
cross-refs team members with tasks they will perform (no time)
Term
Reverse resource allocation scheduling
Definition
done to nail down allocation of a critical resource, working from task end backward
Term
Risk
Definition
a discrete occurrence that may affect the project for better or worse
Term
Risk acceptance
Definition
proceed without altering plan (can't change, have contingency, etc)
Term
Risk assessment
Definition
sometimes includes Risk identification, qualitative and quantitative analyses
Term
Risk avoidance
Definition
changing the project plan to eliminate the risk
Term
Risk categories
Definition
technical/quality/performance, project, organization, and external
Term
Risk effect
Definition
effect on the project if it does
Term
Risk factors
Definition
probability, range of outcomes, timing, frequency
Term
Risk impact scale
Definition
ordinal - high, low, etc. Cardinal - .1,.5,4
Term
Risk management
Definition
very proactive, can reduce project problems by 90%
Term
Risk mitigation
Definition
reduces probability and/or consequences (new process, change conditions, etc)
Term
Risk probability
Definition
likelihood that a risk will occur, scale from 0 to 1
Term
Risk ratings
Definition
matrix of risk ratings - very high,high,moderate, low, very low
Term
Risk response strategies
Definition
see Avoidance, Mitigastion, Acceptance, Transference
Term
Risk Transference
Definition
shifts consequence and ownership of response to 3rd party (insurance, bonds, guarantees)
Term
Risk triggers
Definition
early warning signs for each risk, part of risk identification
Term
Risk types
Definition
business (risk of gain or loss) or pure (risk of loss only)
Term
Rolling Wave planning
Definition
progressive detailing of the project plan
Term
Schedule change control system
Definition
defines process by which the schedule may be changed
Term
Schedule control
Definition
influencing change factors, determining if change has occurred, and managing is fo
Term
Scope Change Control
Definition
defines procedures by which project scope may be changed
Term
Scope Statement
Definition
documents scope; contains justification, product, deliverables, objectives
Term
Scope Verification
Definition
focusses on customer acceptance of work completed
Term
Secondary risks
Definition
new risks arising from implementing risk response; output from risk response planning
Term
Sensitivity analysis
Definition
determining which risks have the most impact on the project, part of quantitative analysis
Term
Simulation (what-if)
Definition
simulate scenarios based on changing attributes to optimize scheduling
Term
Solicitation Planning
Definition
RFP ready, proposal created
Term
Source selection
Definition
source picked, contract signed
Term
Sources of Power
Definition
Best = Reward,Expert. Others = Formal,Reward,Penalty
Term
Specification limits
Definition
customer expectation of outcomes
Term
Standard deviation (sigma)
Definition
measure of how far you are from the mean (1 sigma = 68.26%)
Term
Statement of work (or objectives)
Definition
describes procurement item in sufficient detail for vendor to know if it can produce it
Term
SWOT Analysis
Definition
strengh-weakness-opportunity-threat analysis
Term
Taguchi
Definition
Quality is designed in, not inspected in; uses analysis of variance+B2
Term
Time and meterials contracts
Definition
hybrid, part fixed, part open-ended, usually small dollar amounts
Term
Total float
Definition
see float
Term
Triple constraint
Definition
scope, schedule, cost, quality, customer satisfaction
Term
Types of organization
Definition
Functional, matrix, projectized
Term
Uncertainty
Definition
absence of any info related to a desired outcome
Term
Unforseeable risks
Definition
only a small portion, perhaps 10%
Term
Value analysis
Definition
a way of discovering the least expensive way to do the scope of work; scope planning
Term
Variable (characteristic) sampling
Definition
the result is rated on a continuous scale of conformity (weight,size)
Term
Variance analysis
Definition
comparing actual dates with planned dates - key element for time control
Term
WBS
Definition
deliverable-oriented grouping of project components that organizes and defines total scope
Term
Work Authorization System
Definition
formal process to ensure the right work is done at the right time in proper sequence
Term
Workarounds
Definition
unplanned responses to risks, or dealing with unanticipated risks, part of risk monitor/control
Term
What are the 6 processes within 4.0 Project Integration Management?
Definition
4.1 Develop Project Charter
4.2 Develop Project Management Plan
4.3 Direct & Manage Project Execution
4.4 Monitor and Control Project Work
4.5 Perform Integrated CHange Control
4.6 Close Project or Phase
Term
What are the 5 processes within the 5.0 Project Management Scope knowledge area?
Definition
5.1 Collect Requirements
5.2 Define Scope
5.3 Create WBS
5.4 Verify Scope
5.5 COntrol Scope
Term
What are the 6 processes within 6.0 Project Time Management?
Definition
6.1 Define Activities
6.2 Sequence Activities
6.3 Estaimte Activity Resources
6.4 Estimate Activity Durations
6.5 Develop Schedule
6.6 Control Schedule
Term
What are the 3 processes within the knowledge area 7.0 Project Cost Management?
Definition
7.1 Estimate Costs
7.2 Determine Budget
7.3 Control Costs
Term
What are the 3 processes within the knowledge area 8.0 Project Quality Management?
Definition
8.1 Plan Qaulity
8.2 Perform Quality Assurance
8.3 Perform QUality Control
Term
What are the 4 processes within 9.0 Project Human Resource Management?
Definition
9.1 Develop Human Resource Plan
9.2 Acquire Project Team
9.3 Develop Project Team
9.4 Manage Project Team
Term
What are the 5 processes within 10.0 Project Communications Management?
Definition
10.1 Identify Stakeholders
10.2 Plan Communications
10.3 Distribute Information
10.4 Manage Stakeholder Expectations
10.5 Report Performance
Term
What are the 6 processes within the 11.0 Project Risk Management knwledge area?
Definition
11.1 Plan Risk Management
11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative RIsk ANalysis
11.5 Plan Risk Responses
11.6 Monitor & Control Risks
Term
What are the 4 processes within 12.0 Project Procurement Management?
Definition
12.1 Plan Procurement
12.2 COnduct Procurements
12.3 Administer Procurements
12.4 Close Procurements
Term
What are the inputs to developing the project charter?
Definition
Statement of work
Business Case
Contract
Enterprise Environmental Factors
Organizational Process Assets
Term
What are the inputs to the Project Management Plan?
Definition
Project Charter
Outputs from PLanning Processes
Enterprise Environmental Factors
Organizational Process Assets
Term
What are the inputs to 'Direct and Manage Project Execution'?
Definition
Project Management Plan
Approved CHange Requests
Enterprise Environmental Factors
Organizational Process Assets
Term
WHat are the outputs of 'Direct and Manage Project Execution'?
Definition
Deliverables
Work Performance Information
Change Requests
Project Management Plan Updates
Project Document Updates
Term
Which Knowledge Area uses Expert Judgement as a Tool / Technique for every one of it's processes?
Definition
Project Integration Management
Term
What are the inputs to Monitor & Control Project Work?
Definition
Project Management Plan
Performance Reports
Enterprise Environmental Factors
Organizational Process Assets
Term
What Tool / Technique is used in 'Perform Integrated Change Control' in addition to expert judgement?
Definition
Change Control Meetings
Term
What are the outputs of 'Perform Integrated Change Control'?
Definition
Change Request Status Updates
Project Management Plan Updates
Project Document Updates
Term
What are the inputs to 'Perform Integrated Change Control'?
Definition
Project Management Plan
Work Performance Information
Change Requests
Enterprise Environmental Factors
Organizational Process Assets
Term
What four processes use the project charter as an input?
Definition
4.2 Develop Project Management Plan
5.1 Collect Requirements
5.2 Define Scope
10.1 Identify Stakeholders
Term
What are the inputs to 'Close Project or Phase'?
Definition
Project Management Plan
Accepted Deliverables
Organizational Process Assets
Term
What are the outputs from 'Close Project or Phase'?
Definition
Final Product, Service or Result Transition
Organizational Process Assets Updates
Term
If you have Project Charter as one of the inputs and Project Management Plan as an output - which Process are you in?
Definition
4.2 Develop Project Management Plan
Term
If you have Project Management Plan as an input and Change Requests as an output, what process could you be in?
Definition
4.3 Direct and Manage Project Execution
4.4 Monitor and Control Project Work
5.4 Verify Scope
5.5 Control Scope
6.6 Control Schedule
7.3 Control Costs
8.2 Perform Quality Assurance
8.3 Perform Quality Control
9.4 Manage Project Team
10.4 Manage Stakeholder Expectations
10.5 Report Performance
11.6 Monitor and Control Risks
12.2 Conduct Procurements
12.3 Administer Procurements
Term
Is there a knowledge area from 4.0 to 12.0 that doesn't include Project Management Plan as an input to one of it's process and Change Requests as an output?
Definition
No
Term
What process is 'change requests' an INPUT to?
Definition
Perform Integrated Change Control
Term
What process is 'deliverables' an input to?
Definition
8.3 Perform Quality Control
Term
What are the outputs to 5.1 Collect Requirements?
Definition
Requirements Documentation
Requirements Management Plan
Requirements Traceability Matrix
Term
What input does 5.1 Collect Requirements and 5.2 Define Scope have in common?
Definition
Project Charter
Term
What are some of the tools and techniques used in 5.1 Collect Requirements process?
Definition
Interviews
Focus Groups
Facilitated Workshops
Group Creativity Technique
Group Decision Making Techniques
Questionnaires and Surveys
Observations
Prototype
Term
What is the tool or technique used in 5.4 Verify Scope?
Definition
Inspection
Term
What are the inputs to 5.1 Collect Requirements?
Definition
Project Charter
Stakeholder Register
Term
What are the inputs to 5.2 Define Scope
Definition
Project Charter
Requirements Documentation
Organizational Process Assets
Term
What Tools or Techniques are used for 5.2 Define Scope?
Definition
Expert Judgement
Product Analysis
Alternative Identification
Facilitated Workshops
Term
What Tool or Technique is used in 5.3 Create WBS Process?
Definition
Decomposition
Term
What are the outputs from 5.3 Create WBS process?
Definition
WBS
WBS Dictionary
Scope Baseline
Project Document Updates
Term
What are the inputs to 5.4 Verify Scope?
Definition
Project Management Plan
Requirements Documentation
Term
What are the outputs from 5.2 Define Scope
Definition
Project Scope Statement
Project Document Updates
Term
What are the inputs to 5.3 Create WBS?
Definition
Project Scope Staement
Requirements Documentation
Organization Process Assets
Term
What are the outputs from 5.4 Verify Scope?
Definition
Accepted Deliverables
Change Requests
Project Document Updates
Term
What are the inputs to the 5.5 Control Scope process?
Definition
Proejct Management Plan
Work Performance Information
Requirements Documentation
Requirements Traceability Matrix
Organizational Process Assets
Term
What Tool or Technique is used in 5.5 Control Scope?
Definition
Variance Analysis
Term
What are the outputs from 5.5 Control Scope?
Definition
Work Performance Measurements
Oganizational Process Asset Updates
Change Requests
Project Management Plan Updates
Project Document Updates
Term
What output from 5.3 Create WBS is an input to 6.1 Define Activities?
Definition
Scope Baseline
Term
What are the inputs to 6.1 Define Activities?
Definition
Scope Baseline
Enterprise Environmental Factors
Organization Process Assets
Term
What Tools & Techniques are used to (6.1) define activities?
Definition
Decomposition
Rolling Wave Planning
Templates
Expert Judgement
Term
What are the outputs from 6.1 Define Activities?
Definition
Activity List
Activity Attributes
Milestone List
Term
Which 2 of the 3 outputs from 6.1 Define Activities are also inputs to the next four processes with the 6.0 Prohject Time Management knowledge area?
Definition
Activity List
Activity Attributes
Term
What are the inputs to 6.2 Sequence Activities?
Definition
Activity List
Activity Attributes
Milestone List
Project Scope Statement
Organizational Process Assets
Term
What are the Tools and Techniques used in 6.2 Sequence Activities?
Definition
Precedence Diagramming Method (PDM)
Dependency Determination
Applying Leads and Lags
Schedule Network Templates
Term
What are the outputs from 6.2 Sequence Activities?
Definition
Project Schedule Network Diagrams
Project Document Updates
Term
What are the inputs to 6.3 Estimate Activity Resources other than Activity List and Activity Attributes?
Definition
Resource Calendars
Enterprise Environmental Factors
Organizational Process Assets
Term
What Tools & Techniques are included in 6.3 Estimate Activity Resources?
Definition
Expert Judgement
Alternative Analysis
Published Estimating Data
Bottom-up Estimating
Project Management Software
Term
What are the outputs to 6.3 Estimate Activity Resources?
Definition
Activity Resource Requirements
Resource Breakdown Structure
Project Document Updates
Term
What estimating formula is: P+4M+O/6?
Definition
PERT
Term
What does this formula calculate: (P-O)/6?
Definition
PERT Task standard deviation
Term
What does this formula calculate: ((P-O) /6) squared
Definition
PERT Task Variance
Term
What is the formula for determining the number of communication lines in a project?
Definition
(Nx(N-1))/2 where N = number of stakeholders
Term
How do you calculate 'Expected Value'?
Definition
Probability X Consequences
Term
How do you calculate risk?
Definition
probability x impact
Term
In Earned Value Analysis, what is 'EV', or 'BCWP'?
Definition
'Earned value', or the value of the work actually completed
Term
In Earned Value Analysis, what is 'PV', or 'BCWs'?
Definition
'Planned Value', or value of the work scheduled to be performed
Term
In Earned Value Analysis, what is 'AC', or 'ACWP'?
Definition
'Actual Costs' or costs incurred on work done
Term
In Earned Valuee Analysis, what is 'BAC'?
Definition
'Budget at Completion' or the project budget
Term
In Earned Value Analysis, what is 'EAC'?
Definition
'Estimate At Completion'.
Term
How is 'EAC' (Estimate at Completion) calculated?
Definition
EAC = BAC / CPI
Term
In EAC = BAC / CPI, what does BAC and CPI represent?
Definition
BAC = Budget at completion (total budget), CPI = Cost Performance Index (value of the dollar spent)
Term
What is CPI and how is it calculated?
Definition
CPI = COst Performance Index. The calulation is: CPI = EV / AC (Earned Value / Actual Cost)
Term
What is VAC and how is it calculated?
Definition
VAC = 'Variance At Completion' and is calculated: VAC = BAC-EAC
Term
What is ETC and how is it calculated?
Definition
ETC = Estimate to Complete and is calculated: ETC = EAC - AC
Term
What is SV and how is it calculated?
Definition
SV = Schedule Variance and is calculated: SV = EV-PV
Term
What is CV and how is it calculated?
Definition
CV = COst Variance and is calculated, CV = EV - AC
Term
WHat is SPI and how is it calculated?
Definition
SPI = Schedule Performance Index and is calculated, SPI = EV / PV
Term
If you have 'EV' in a calcualtion, where will it always fall (in order)?
Definition
First
Term
Variance calculations are always ____ minus something.
Definition
EV
Term
Index formulas are ___________ divided by something.
Definition
EV
Term
Schedule formulas use __________ ?
Definition
PV
Supporting users have an ad free experience!