Traditional Project Cost Management
This process develops an approximation of the monetary resources needed for a project.
What is Estimate Costs?
Agile teams often estimate work using these instead of hours.
What are Story Points?
This globally recognized certification is offered by PMI.
What is the PMP (Project Management Professional)?
This process focuses on translating the quality plan into executable activities.
What is Manage Quality?
Agile teams build quality into the product through this practice of frequent testing.
What is Continuous Testing?
This document establishes the approved version of the project budget.
What is the Cost Baseline?
This chart helps teams track remaining work over time.
What is a Burndown Chart?
This entry-level PMI certification is designed for those new to project management.
What is the CAPM?
This process monitors project results to determine if quality standards are met.
What is Control Quality?
This practice requires developers to write tests before writing code.
What is Test-Driven Development (TDD)?
This Earned Value formula measures cost efficiency by dividing EV by AC.
What is the Cost Performance Index (CPI)?
In Agile, a fixed-length iteration is called this.
What is a Sprint?
This role removes obstacles and facilitates Scrum events.
Who is the Scrum Master?
This diagram helps identify the 'vital few' causes of defects.
What is a Pareto Chart?
A shared understanding of when work is complete is called this.
What is the Definition of Done?
A CPI value less than 1.0 indicates the project is experiencing this.
What is a Cost Overrun?
Agile projects commonly control costs by keeping this constant while adjusting scope.
What is Team Size (or Capacity)?
This professional prioritizes work and represents customer needs.
Who is the Product Owner?
This philosophy emphasizes continuous improvement and reducing variation.
What is Total Quality Management (TQM)?
This Agile ceremony allows the team to improve its processes and quality.
What is the Sprint Retrospective?
This forecasting formula assumes future work will continue at the current cost performance: BAC/CPI.
What is Estimate at Completion (EAC)?
This budgeting approach funds a stable team rather than a detailed project plan.
What is Capacity-Based Funding?
This skill is often considered the most important for successful project managers.
What is Communication?
This quality pioneer developed the Plan-Do-Check-Act cycle.
Who is W. Edwards Deming?
This engineering practice automatically integrates and tests code changes.
What is Continuous Integration (CI)?