Project Management Exam #2 – Flashcards

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analogy approach
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creating a WBS by using a *similar project's WBS* as a starting point
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benchmarking
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generating ideas by *comparing specific project practices or product characteristics* to those other projects or products inside or outside the performing organization
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bottom-up approach
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creating a WBS by having team members identify as many specific tasks related to the project as possible and then grouping them into higher-level categories
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decomposition
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*subdividing* project deliverables into small *pieces*
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deliverable
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a product, such as a report or segment of software code, produced as part of a project
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Joint Application Design (JAD)
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Using highly *organized and intensive workshops* to bring together project stakeholders-the sponsor, users, business analysts, programmers, and so on-to jointly define and design information systems
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project scope management
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the processes involved in defining and controlling what work is or is not *included* in the project
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project scope statement
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a document that includes at least a *description* of the project, including its overall objectives and justification, detailed descriptions of all project deliverables and the characteristics and requirements of products and services produced as part of the project
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prototyping
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developing a *working replica* of the system or some aspect of it to help define user requirements
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requirement
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a *condition or capability that must be met* by the project or that must be present in the product, service, or result, to satisfy an agreement or other formally imposed specification
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requirements management plan
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a plan that describes how project requirements will be analyzed, documented and managed
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requirements traceability matrix (RTM)
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A table that list requirements, their various attributes, and the status of the requirements to ensure that all are addressed
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scope
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*all the work involved* in creating the products of the project and the processes used to create them
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scope baseline
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the approved project scope statement and its associated WBS and WBS dictionary
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scope creep
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the tendency for project scope to keep getting bigger
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scope validation
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formal *acceptance* of the completed project *deliverables*
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top-down approach
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Creating a WBS by starting with the largest items of the project and breaking them into subordinate items
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use case modeling
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a process for identifying and modeling business events, who initiated them, and how the system should respond to them
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variance
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the difference between planned and actual performance
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WBS dictionary
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a document that includes detailed information about each WBS item
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work breakdown structure (WBS)
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a *deliverable-oriented grouping of the work* involved in a project that defines its total scope
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work package
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a task at the lowest level of the WBS
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activity attributes
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info about each activity, such as predecessors, successors, logical relationships, leads and lags, resource requirements, constraints, imposed dates, and assumptions related to the activity
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activity list
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a tabulation of activities to be included on a project schedule
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arrow-on-arrow (AOA)
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a networking diagram technique in which activities are represented by arrows and connected at points called nodes to illustrate the sequence of activities; also called ADM
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backward pass
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a project network diagramming technique that determines the late start and late finish dates for each activity
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baseline dates
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the planned schedule dates for activities in a Tracking Gantt chart
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buffer
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additional time to complete a task ; a buffer is added to an estimate to account for various factors
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burst
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a single node followed by two or more activities on a network diagram
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crashing
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a technique for making cost and schedule trade-offs to obtain the *greatest amount of schedule compression* for the *least incremental cost* ex: employee works 1 full time week instead of 2 weeks part time
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critical chain scheduling
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a method of scheduling that takes *limited resources* into account when creating a project schedule and includes buffers to protect the project completion date
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critical path
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the series of activities in a network diagram that determines the *earliest completion* of the project; it is the *longest path* through the ND and has the least amount of slack or float
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critical path method (CPM) or critical path analysis
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a project network diagramming technique used to predict *total project duration*
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dependency
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the sequencing of project activities or tasks; also called a relationship
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discretionary dependencies
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the sequencing of project activities or tasks *defined by the project team* and used with care because they may limit later scheduling options
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dummy activities
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activities with *no duration and no resources* used to *show a logical relationship* between two activities in the arrow diagramming method of project network diagrams
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duration
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the actual amount of time worked on an activity plus elapsed time.
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early finish date
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the *earliest possible time an activity can finish* based on the project network logic
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early start date
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the *earliest possible time an activity can start* based on the project network logic
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effort
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the number of workdays or work hours required to complete a task
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external dependencies
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the sequencing of project activities or tasks that involve relationships between *project and non-project activities*
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fast tracking
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a schedule compression technique in which you *do activities in parallel* that you would normally do in sequence
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feeding buffers
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time added before tasks on the critical chain if they are preceded by other tasks that are not on the critical path
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finish to finish dependency
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a relationship on a project network diagram in which the "from" activity must be finished before the "to" activity can be finished
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finish to start dependency
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a relationship on a project network diagram in which the "from" activity must be finished before the "to" activity can be started
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forward pass
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a network diagramming technique that determines the early start date and early finish dates for each activity
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free slack (free float)
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the amount of time an activity can be delayed without delaying the *early start date* of any immediately following activities
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Gantt chart
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a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a *calendar format*; bar charts
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late finish date
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the latest possible time an activity can be completed without delaying the project finish date
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late start date
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the latest possible time an activity may begin without delaying the project finish date
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mandatory dependencies
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the sequencing of project activities or tasks that are inherent in the nature of the work being done on the project; considers unpredictive possibilties
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merge
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two or more nodes that precede a single node on a network diagram
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milstone
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a *significant event* that normally has no duration on a project; serves as a marker to help in identifying necessary activities, setting schedule goals and monitoring progress
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multitasking
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working on more than one task at a time
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Murphy's law
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the principle that if something can go wrong, it will
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network diagram
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a schematic display of the logical relationships or sequencing of project activities
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node
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the starting and ending point of an activity on an activity-on-arrow diagram
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Parkinson's Law
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the principle that work expands to fill the time allowed
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PERT weighted average
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(optimistic time + 4 * most likely time + pessimistic time)/6
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precedence diagramming method (PDM)
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a network diagramming technique in which boxes represent activities
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probabilistic time estimates
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duration estimates based on using optimistic, most likely, and pessimistic estimates of activity durations instead of using one specific or discrete estimate
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Program Evaluation and Review Technique (PERT)
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a project network analysis technique used to estimate project duration when there is a *high degree of uncertainty* about the individual activity duration estimates
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project buffer
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time added before the project's due date
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project time management
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the processes required to ensure timely completion of a project
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resource breakdown structure
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a hierarchical structure that identifies the project's resources by category and type
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resources
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people, equipment and materials
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schedule baseline
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the approved planned schedule for the project
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slack
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the amount of time a project activity may be delayed without delaying a succeeding activity or the project finish date; float
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slipped milstone
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a milestone activity that is completed later than planned
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SMART criteria
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guidelines to help define milestones that are specific, measurable, assignable, realistic and time-framed
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start-to-finish dependency
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a relationship on a project network diagram in which the "from" activity cannot start before the "to" activity is finished
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start to start dependency
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a relationship on a project network diagram in which the "from" activity cannot start until the "to" activity starts
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task/activity
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an element of work normally found on the WBS that has an expected *duration, cost and resource requirements*
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Theory of Constraints (TOC)
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a management philosophy that any complex system at any point in time often has only one aspect or constraint that limits the ability to achieve more of the system's goal
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three-point estimate
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an estimate that includes an optimistic, most likely and pessimistic estimate
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total slack (total float)
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the amount of time an activity may be delayed from its early start without delaying the planned project finish date
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Tracking Gantt chart
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a Gantt chart that compares *planned and actual project schedule* information
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actual cost (AC)
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the total of direct and indirect costs incurred in accomplishing work on an activity during a given period
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analogous estimates
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a cost-estimating technique that uses the actual cost of a previous similar project as the basis for estimating the cost of the current project; top-down estimates
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baseline
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the original project plan plus approved changes
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bottom-up estimates
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a cost-estimating technique based on estimating individual work items and summing them to get a project total
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budget at completion (BAC)
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the original total budget for a project
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budgetary estimate
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a cost estimate used to allocate money into an organization's budget
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cash flow analysis
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a method for determining the estimated annual costs and benefits for a project
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contingency reserves
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dollar amounts included in a cost estimate to allow for future situations that may be *partially planned for* (sometimes called known unknowns) and that are included in the project cost baseline
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cost baseline
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a time-phased budget that project managers use to measure and monitor cost performance
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cost performance index (CPI)
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the ratio of earned value to actual cost; can be used to estimate the projected cost to complete the project
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cost variance (CV)
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the earned value minus the actual cost
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definitive estimate
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a cost estimate that provides an accurate estimate of a projects cost
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direct costs
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costs that can be directly related to creating the products and services of the project
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earned value (EV)
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an estimate of the value of the physical work actually completed
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earned value management (EVM)
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a project performance measurement technique that *integrates scope, time and cost data*
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estimate at completion (EAC)
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an estimate of what it will cost to complete the project based on performance to date
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indirect costs
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costs that are not directly related to the products or services of the project, but are indirectly related to performing the project
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intangible costs or benefits
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costs or benefits that are difficult to measure in monetary terms
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learning curve theory
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a theory that when *many items are produced repetitively, the unit cost of those items normally decreases* in a regular pattern as more units are produced
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life cycle costing
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the *total cost* of ownership, or development *plus support costs*, for a project
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management reserves
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dollar amounts included in a cost estimate to allow for future situations that are *unpredictable* (sometimes called unknown knowns)
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overrun
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the additional percentage or dollar amount by which actual *costs exceed estimates*
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parametric estimating
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a cost-estimating technique that uses project characteristics (parameters) in a mathematical model to estimate project costs
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planned value (PV)
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the portion of the approved total cost estimate planned to be spent on an activity during a given period
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profit margin
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the ratio between revenues and profits
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profits
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revenues minus expenses
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project cost management
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the processes required to ensure that the project is completed within the *approved budget*
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rate of performance (RP)
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the ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity
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reserves
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dollar amounts included in a cost estimate to mitigate cost risk by allowing for future situations that are difficult to predict
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rough order of magnitude (ROM) estimate
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a cost estimate prepared very early in the life of a project to provide a rough idea of what a project will cost
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schedule performance index (SPI)
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the ratio of earned value to planned value; can be used to estimate the projected time to complete a project
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schedule variance (SV)
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the earned value minus the planned value
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sunk cost
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money that has been spent in the past
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tangible costs or benefits
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costs or benefits that can be easily measured in dollars
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5 whys
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a technique in which you repeatedly ask the question "Why?" to help peel away the layers of symptoms that can *lead to the root cause of a problem*
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acceptance decisions
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decisions that determine if the products or services produced as part of the project will be accepted or rejected
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appraisal cost
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the cost of evaluating processes and their outputs to ensure that a project is error-free or within an acceptable error range
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Capability Maturity Model Integration (CMMI)
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a process improvement approach that provides organizations with the essential elements of effective processes
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cause and effect diagram
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a diagram that traces complaints about quality programs back to the responsible production operations to help find the root cause; fishbone diagram or Ishikawa diagram
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checksheet
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a technique used to collect and analyze data; tally sheet or checklist
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conformance
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delivering products that meet requirements and fitness for all
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conformance to requirements
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project processes and products that *meet written specifications*
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control chart
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a graphic display of data that illustrates the results of a process over time
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cost of nonconformance
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taking responsibility for failures or not meeting quality expectations
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cost of quality
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the cost of conformance plus the cost of nonconformance
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defect
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any instance in which the the product or service *fails to meet customer requirements*
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design of experiments
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a quality technique that helps identify which variables have the most influence on the overall outcome of a process
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DMAIC
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Define, measure, analyze, improve, control a systematic, closed-loop process for continued improvement that is scientific and fact based
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external failure cost
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a cost related to all errors that are not detected and corrected before delivery to the customer
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features
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the special characteristics that appeal to users
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fitness for use
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a product that can be used as it was *intended*
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flowchart
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a graphic display of the logic and flow of processes that helps you analyze how problems occur and how processes can be improved
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functionality
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the degree to which a system performs its *intended function*
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histogram
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a bar graph of a distribution of variables
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integration testing
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testing that occurs between unit and system testing to test functionally *grouped components* and ensure that a subset or subsets of the entire system work together
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internal failure cost
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a cost incurred to correct an identified defect *before* the customer receives the product
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ISO 9000
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A quality system standard developed by the International Organization for Standardization (ISO) that includes a three-part, continuous cycle of planning, controlling and documenting quality in an org
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kaizen
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the Japanese word for *improvement* or change for the better; an approach used for continuously improving quality in orgs
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lean
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an approach for improving quality that involves evaluating processes to *maximize customer value* while *minimizing waste*
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maintainability
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the ease of performing maintenance on a product
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Malcolm Baldrige National Quality Award
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an award started in 1987 to recognize companies that have achieved a level of word-class competition through quality management
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maturity model
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a framework for helping organizations improve their processes and systems
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mean
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average value of the population
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measurement and test equipment costs
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the capital cost of equipment used to perform prevention and appraisal activities
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metric
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a standard of measurement
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normal distribution
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bell-shaped curve that is symmetrical about the mean of the population
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Pareto analysis
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identifying the vital few contributors that account for most quality problems in a system
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Pareto chart
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histogram that helps identify and prioritize problem areas
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performance
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how well a product or service *performs the customer's intended use*
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prevention cost
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the cost of planning and executing a project so that it is error-free or within an acceptable error range
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process adjustments
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adjustments made to correct or prevent further quality problems based on quality control measurements
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project quality management
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ensuring that a project will satisfy the *needs for which it was undertaken*
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quality
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the totality of characteristic of an entity that bear on its ability to satisfy stated or implied needs or the degree to which a set of inherent characteristics fulfill requirements
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quality assurance
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periodic evaluation of overall project performance to ensure that the project will satisfy the relevant quality standards
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quality audit
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a *structured review* of specific quality management activities that helps identify lessons learned and that can improve performance on current or future projects
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quality circles
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groups of nonsupervisors and work leaders in a single company department who volunteer to conduct group studies on how to improve the effectiveness of work in their department
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quality control
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monitoring specific project results to ensure that they comply with the relevant quality standards and identifying ways to improve overall quality
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reliability
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the ability of a product or service to *perform as expected under normal conditions*
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rework
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action taken to *bring rejected items into compliance* with product requirements, specifications or other stakeholder expectations
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Robust Design Methods
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methods that focus on eliminating defects by substituting scientific inquiry for trial and error methods.
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run chart
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a chart that displays the history and pattern of variation of a process over time
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scatter diagram
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a diagram that helps to show if their is a relationship between two variables; XY charts
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seven run rule
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if seven data points in a row on a quality control chart are all below the mean, above the mean or all increasing or decreasing, then the process needs to be examined for *nonrandom problems*
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six 9s of quality
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a measure of quality control equal to 1 fault in 1 million opportunities
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Six Sigma
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a comprehensive and flexible system for achieving, sustaining, and maximizing business success that is uniquely driven by close understanding of customer needs, disciplined use of facts, data and statistical analysis, and diligent attention to managing, improving and reinventing business processes
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standard deviation
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measure of how much variation exists in a distribution of data
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statistical sampling
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choosing part of a population of interest for inspection
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system outputs
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the screens and reports the system generates
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system testing
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testing the entire system as one entity to ensure that it is working properly
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unit test
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a test of each individual component (often a program) to ensure that it is as defect free as possible
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user acceptance testing
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an independent test performed by end users prior to accepting the delivered system
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yield
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the number of units handled correctly through the development process
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