Shared Flashcard Set

Details

Project Management
Exam 2
53
Business
Undergraduate 4
11/23/2008

Additional Business Flashcards

 


 

Cards

Term
Baseline Project Plan:
Definition
A major outcome and deliverable from the project scope definition process that contains the best estimate of a project’s scope, benefits, costs, risks, and resource requirements.
Term
Business Case:
Definition
The justification that presents the economic, technical, operational, schedule, legal and contractual, and political factors influencing a proposed information systems project.
Term
Corporate Strategic Planning:
Definition
An ongoing process that defines the mission, objectives, and strategies of an organization
Term
Cost Benefit Analysis:
Definition
The use of a variety of analysis techniques for determining the financial feasibility of a project.
Term
I.S. Planning:
Definition
An orderly means of assessing the information needs of an organization and defining the systems, databases, and technologies that will best satisfy those needs.
Term
I.S. Planning:
Definition
An orderly means of assessing the information needs of an organization and defining the systems, databases, and technologies that will best satisfy those needs.
Term
Intangible Benefits:
Definition
A benefit that cannot be easily measured in terms of dollars or with certainty
Term
Intangible Costs:
Definition
A cost that cannot be easily measured in terms of dollars or with certainty
Term
Mission Statement:
Definition
A statement that defines what business the company is in
Term
Objective:
Definition
A series of statements that express an organization’s qualitative and quantitative goals for reaching a desired future position
Term
One time Cost:
Definition
A cost associated with project start up and development or system start up
Term
Operational Feasibility:
Definition
The degree to which a proposed system will solve business problems or take advantage of business opportunities.
Term
Political Feasibility:
Definition
An evaluation of how key stakeholders within the organization view the proposed system.
Term
Project Charter:
Definition
A short document prepared for the customer during project initiation that describes what the project will deliver and outlines generally at a high level all work required to complete the project.
Term
Scope Statement:
Definition
A document prepared for the customer that describes what the project will deliver and outlines generally at a high level all work required to complete the project.
Term
Project Workbook:
Definition
An online or hardcopy repository for all project correspondence, inputs, outputs, deliverables, procedures, and standards established by the project team
Term
Recurring Cost:
Definition
A cost resulting from the ongoing evolution and use of a system
Term
Schedule Feasibility:
Definition
The degree to which the potential time frame and completion dates for all major activities within a project meet organizational deadlines and constraints for affecting change
Term
Scope Creep:
Definition
A progressive uncontrolled increase in project scope
Term
Systems Service Request:
Definition
A form used in most organizations to request new development, to report problems, or to request new features within an existing system.
Term
Tangible Benefit:
Definition
A benefit that can be measured in dollars and with certainty
Term
Tangible Cost:
Definition
A cost that can be measured in dollars and with certainty
Term
Technical Feasibility:
Definition
An assessment of the development organization’s ability to construct a proposed system.
Term
Activity Sequencing:
Definition
The process of developing a network diagram and updating the activity list from the activity definition phase
Term
External Dependencies:
Definition
The relationship of project activities and external events, such as the delivery of project components
Term
Gantt Chart:
Definition
A bar chart showing the start and end dates for the activities of a project
Term
Lead Time:
Definition
The time required by one task before another can begin
Term
Mandatory Dependencies:
Definition
The relationship of activities that cannot be performed in parallel
Term
Milestones:
Definition
Important dates with a project schedule that are meaningful in terms of the completion of specific sets of project events
Term
Network Diagram:
Definition
A schematic display that illustrates the various tasks in a project as well as their sequential relationship
Term
Project Time Management:
Definition
The reiteration of the processes of activity definition, sequencing, and duration estimation as part of schedule development.
Term
Work Breakdown Structure WBS:
Definition
The output that results from the process of dividing the entire project into manageable tasks (usually presented as a hierarchical chart or in tabular form)
Term
Work Packages:
Definition
The lowest level units illustrated in the WBS, used to estimate project schedule and budget
Term
Activity Duration Estimate:
Definition
The process of estimating the duration of the project activities using both project scope and resource information
Term
Bottom up Estimate:
Definition
An estimating technique in which complex activities are further decomposed to a point where more accurate estimates can be made
Term
Capital Resources:
Definition
The tools and infrastructure used to produce other goods and services
Term
Crashing:
Definition
Dedicating extra resources to a particular activity in an attempt to finish the activity sooner than the scheduled completion date
Term
Critical Path:
Definition
The longest path through a network diagram illustrating the shortest amount of time in which a project can be completed.
Term
Performance Measurement:
Definition
A process used to determine the magnitude and criticality of schedule variations
Term
PERT: Program Evaluation and Review Technique:
Definition
A technique that uses optimistic, pessimistic, and realistic time estimates to calculate the expected time for a particular task
Term
Reserve Analysis:
Definition
Technique used to establish contingency reserves during a project to guard against potential risk
Term
Resource Breakdown Structure:
Definition
A hierarchical, graphical representation of all needed resources ordered by type or category
Term
Schedule Control:
Definition
The process of putting procedures and rules in place for controlling changes to the project schedules
Term
3 point Estimate:
Definition
The estimation of activities’ durations by averaging the optimistic, pessimistic, and most likely estimates
Term
Balanced Scorecard:
Definition
A tool for assessing organizational activity from perspectives beyond the typical financial analysis
Term
Capability Maturity Models:
Definition
A technique used to determine a company’s capabilities with respect to a set of procedures considered as best practices within a given industry
Term
Control Charts:
Definition
Graphical, time-based charts used to display process results
Term
Cost Benefit Analysis:
Definition
An evaluation of the costs and benefits of alternative approaches to a proposed activity to determine the best alternative
Term
Project Quality:
Definition
The degree to which a set of inherent characteristics fulfill requirements
Term
Quality Assurance:
Definition
The process of ensuring that the project meets the quality standards outlined during the quality planning phase
Term
Quality Baseline:
Definition
The basis for which project quality is measured and reported
Term
Quality Management Plan:
Definition
A plan specifying how quality measures will be implemented during a project
Term
Quality Metrics:
Definition
Operational definitions of specific, processes, events or products as well as an explanation of how they will be measured in terms of quality
Supporting users have an ad free experience!