3.01 Vocabulary
Define Interviews
Formal or informal approach to discover information from stakeholders by talking to them directly. It is typically performed by asking prepared and spontaneous questions and recording the responses. Interviews are often conducted “one-on-one,” but may involve multiple interviewers and/or multiple interviews.
Define Reserve Analysis
One of the techniques used to determine a project budget. During Reserve Analysis, a project is analyzed from a cost overruns point of view and buffers are placed in appropriate place.
Define Critical Chain Method
Critical chain project management is a method of planning and managing projects that emphasizes the resources required to execute project tasks.
A Rolling Wave Planning?
A strategic project management technique where teams work within smaller waves or time periods to accommodate expected project changes.
What's the difference between Crashing and Fast-Tracking?
Fast tracking involves the performance of activities in parallel, whereas crashing involves the addition of resources to a project.
Define Requirements Management Plan?
Documents how requirements will be analyzed, documented, and managed throughout the project.
Define Parametric Estimating?
A statistical and accuracy-based technique for calculating the time, cost, and resources needed for project success.
Define a 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.
A Variance Analysis?
Project performance measurements are used to assess the magnitude of variation from the original scope baseline.
What is a Percedent Diagram Method?
A graphical tool used for scheduling activities in a project plan. PDM maps out project development by creating a visual representation of critical paths and dependencies.
What are the FIVE Group Creativity Techniques?
Brainstorming, Nominal Group Technique, Delphi Technique, Idea/Mind Mapping, and Affinity Diagram.
Define Bottom-Up Estimating
Method of estimating project duration or cost by aggregating the estimates of the lower-level components of the Work Breakdown Structure (WBS).
Give an example of a What-If Scenario
If your response includes a situation you're going to go through like a hypothetical and you figure out a resolution for that very own problem.
Expert Judgement?
Is used to analyze the information needed to develop the project scope statement. Such judgement and expertise is applied to any technical details. Such expertise is provided by any group or individual with specialized knowledge or training, and is available from many sources.
What are Accepted Deliverables?
Deliverables that meet the acceptance criteria are formally signed off and approved by the customer or sponsor. Formal documentation received from the customer or sponsor acknowledging formal stakeholder acceptance of the project’s deliverables.
Name at least THREE Group Decisions Making techniques?
Unanimity, Majority, Plurality, Dictatorship, Questionnaires and Surveys, Observations, and Prototypes.
How is a Project Management Software useful/helpful?
To help plan, organize, and manage resource pools and develop resource elements.
What is a 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.
A Project Scope Statement
The project scope statement describes, in detail, the project’s deliverables and the work required to create those deliverables. The project scope statement also provides a common understanding of the project scope among project stakeholders.
What does Work Performace Measurements include?
Planned vs. Actual technical performance or other scope performance measurements. This information is documented and communicated to stakeholders.
Define Requirements Traceability Matrix
Is a table the links requirements to their origin and traces them throughout the project life cycle.
What is Parametric Estimating?
A statistical and accuracy-based technique for calculating the time, cost, and resources needed for project success.
Define Schedule Crashing
A method used to speed up a project's timeline by adding additional resources without changing the scope of the project. Examples of crashing include the following: Over-time. Allocating additional resources to specific activities.
Project Assumptions?
Lists and describes the specific project assumptions associated with the project scope and the potential impact of those assumptions if they prove to be false. Project teams frequently identify, document, and validate assumptions as part of their planning process.
What does an Activity List include?
The activity identifier and a scope of work description for each activity in sufficient detail to ensure that project team members understand what work is required to be completed.