3.03
What is WBS short for?
Work Breakdown Structure
What is Verify The Scope
the process of comparing the actual deliverables against what was documented within the scope baseline
What is a Milestone List?
Identifing all milestones and indicates whether the millstone is mandatory, such as those required by contract, or optional, such as those based upon historical information.
True or False?
Parametric Estimating is a bar graph
False, it is made of just lines
Is Schedule Networking a graphical representation of a schedule?
Yes!
What is Decomposition?
Is the subdivision of project deliverables into small, more manageable components until the work and deliverables are defined to the work package level. The work package level is the lowest level in the WBS, and is the point at which the cost and activity durations for the work can be reliably estimated and managed. The level of detail for work packages will vary with the size and complexity of the project.
What is Inspection?
Inspection includes activities such as measuring, examining, and verifying to determine whether work and deliverables meet requirements and product acceptance criteria.
How many different Precedence Diagramming Methods (PDM) are there and what are there names?
4
finish to start
finish to finish
start to finish
start to start
What is Analogous Estimating
Information from similar projects to establish a cost estimate based on the data available. Analogous estimating needs to include expert judgement in order to establish reusability of the data. Analogous estimating is used where there is limited information about the project.
In Schedule Fast Tracking are multiple Projects happening at the same time?
YES!
What is WBS?
The work to be executed by the project team to accomplish project objectives and create the required deliverables.
What is Control Scope
the process of monitoring the status of the project and product scope and managing changes to the scope baseline.
What are Activity Attributes
The description of the activity by identify the multiple components associated with each activity. The components for each activity evolve over time. During the initial stages of the project they include the Activity ID, WBS ID, and Activity Name, and when completed may include activity codes, activity description, predecessor activities, successor activities, logical relationships, leads, and lags, resource requirements, imposed dates, constraints and assumptions.
What are Three-point Estimates?
a management technique to determine the probable outcomes of future events based on available information. The term refers to the three-points it measures: the best-case estimate, the most likely estimate, and the worst-case estimate.
What is a What if Scenario Analysis (WISA)
a business planning and modeling technique used to yield various projections for some outcome based on selectively changing inputs.
What is Scope Baseline?
The approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, a component of the project management plan. Components of the scope baseline include Project Scope Statement, WBS and WBS Dictionary.
What is Variance Analysis?
Project performance measurements are used to assess the magnitude of variation from the original scope baseline.
What are Sequence of Activities?
The process of identifying and documenting relations among the project activities. Activities are sequenced using logical relationships. Every activity and milestone except the first and last are connected to at least one predecessor and one successor. It may be necessary to use lead or lag time between activities to support a realistic and achievable project schedule. Sequencing can be performed by using project management software or by using manual or automated techniques.
What is one method in reserve Analysis?
Calculation Method
What is Critical Path Method?
a technique where you identify tasks that are necessary for project completion and determine scheduling flexibilities. A critical path in project management is the longest sequence of activities that must be finished on time in order for the entire project to be complete.
What is WBS Dictionary
Document generated by the Create WBS process that supports the WBS. The WBS Dictionary provides more detailed descriptions of the components in the WBS.
What is Work Performance Measurements?
Measurements can include planned vs. actual technical performance or other scope performance measurements. This information is documented and communicated to stakeholders.
True or false?
A Gantt Chart made of bars?
True
What is an example of Project Management Software?
JIRA
What is Resource Leveling?
a resource management technique that can help teams better accommodate resource constraints and predict project timelines. It helps avoid poor project planning that often leads to last-minute delays, overworked team members, and cost overruns.