Framework & Methods
Three elements in the Triple Constraint
Scope, Time, Cost
Tool with bars for activities over time
Gantt Chart
Path that determines minimum project duration
Critical Path
Log used to track ongoing problems
Issue Log
Document that formally ends a project
Final Report
First PMBOK life cycle phase
Initiating
Diagram that shows task dependencies
Network Diagram
PERT formula for TE
(O+4M+P)/6
Tool that lists risks
Risk Register
Meeting that starts a project
Kick-off Meeting
PMBOK-7 domain focused on people
People Domain
Matrix linking goals & methods
Goals and Methods Matrix
Float of a non-critical activity
Slack
Risk response that eliminates threat
Avoidance
Process capturing lessons
Project Closure
Adjusting methods to context
Tailoring
Contract type often disputed in EPC
Fixed-price contract
Technique adding resources to shorten
Crashing
Strategy maximizing opportunity impact
Exploitation
Audit that checks contract compliance
Procurement Audit
Three PMBOK performance domains
People, Process, Business Environment
Technique for high-complexity planning
Work Breakdown Structure (WBS)
Analysis balancing cost vs. time
Time-Cost Trade-off
Tool prioritizing risks
Probability-Impact Matrix
Three closure outputs
Acceptance, Lessons Learned, Final Report