2.01
What does SWOT Analysis stand for?
Strength, weakness, opportunity, threats.
What does the output of a project management plan provide?
Provides a quick overview of the project
What is deliverable?
What is a CHANGE REQUEST?
A document that requests to:
•expand or reduce the project scope,
•modify policies, processes, plans, or procedures
•modify the project scope, costs, or schedules
•modify the quality of the deliverable
Explain SCOPE REVIEW.
Deliverable conveyed to the client
What is input in a project?
Narrative description of products or services to be delivered by the project
What is a BASELINE?
It is a fixed schedule, which represents the standard that is used to measure the performance of the project
What is GOLD PLATING?
Extra features or functions added the final products which was not included in the scope statement
Explain Preventative Action.
Direction to perform an activity that can reduce the probability of negative consequences associated with the project.
Describe what cost review is.
•Review of budget estimates for the cost of work scheduled.
What is an input contract?
A mutually binding agreement that obligates the seller to provide the specified product or service or result and obligates the buyer to pay for it.
What does COST PERFORMANCE BASELINE help with?
Help deters overspending.
What is SCOPE CREEP?
The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.
Explain Corrective Action.
Direction for executing the project work to bring future performance in line with project expectations.
What is a SCHEDULE REVIEW?
The original schedule of activities and the network diagram are compared to the actual schedule of events
Describe the output of a project charter.
◦The project charter documents the business needs, current understanding of the customer’s needs, and the new product, service, or result that it is intended to satisfy.
What is a Project Management Plan?
•A formal approved document
•Summary of other plans
Result of GOLD PLATING?
•Breach of contract
•May be an unwanted feature or addition
•May conflict with client’s intention for the project
•May become an expectation of the client in future work
Explain Defect Repair.
Identification of a defect in a project component with a recommendation to repair or replace the component.
What is a document archive?
It is where important documents are kept so that future project managers can access them.
What are some things to include in SOW (Statement of Work)?
◦Objectives
◦Scope
◦Key assumption
◦Acceptance
What is a SCOPE BASELINE?
A model used to compare actual project process with an expected timeline
•delayed schedules
•cost overrun
•possible project failure
What is the Change Control System?
A formal, documented process that describes when and how official project documents and work may be changed.
Summarizes a Project Celebration.
The symbolic ending of a project and perhaps the dissolution of the team.