Row1
SOW stands for what?
STATEMENT OF WORK
A mutual exchange of benefits and detriments
CONTRACT
Includes the final project expectation AND other outputs within the project
DELIVERABLES
A document that provides the necessary information from a business standpoint to determine whether or not the project is worth the required investment
BUSINESS CASE
The process deliverable used to define and allocate project funding
Project Budget
No additional cost to client
GOLD PLATING
A fixed schedule that represents the standard that is used to measure the performance of the project
Baseline
Upon preliminary inspection of the bathroom fixtures, you find that the hot and cold water are reversed. You ask your plumber to fix the plumbing. This is a _________ _______ .
Defect Repair
The process deliverable used to define the project timeline and allocate the work effort according to reach designated deadlines.
Project Schedule
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
CONTRACT
Approved project charter initiates the project What?
PROJECT CHARTER
Small increases require additional resources that were not in the plan
scope creep
Tells the client the “story” of the project
STATEMENT OF WORK
Allows the project manager and team members to determine if project becomes “off track” in terms of time
SCHEDULE BASELINE
Any unique and verifiable product, result or capability to perform a service that must be produced to complete a process, phase or project
DELIVERABLES
Allows the project manager and team members to determine if project becomes “off track” in terms of deliverable(s
SCOPE BASELINE
Master Blueprint of the project
PROJECT MANAGEMENT PLAN
Intentionally adding extra features or functions to the products which were not included in the scope statement
GOLD PLATING
Process of documenting the actions necessary to define, prepare, integrate and coordinate all subsidiary plans and project baselines
What is DEVELOPING A PROJECT MANAGEMENT PLAN
Allows the project manager and team members to determine if project becomes “off track” in terms of cost
COST PERFORMANCE BASELINE
The process deliverable used to evaluate and measure project results and performance
Project Review
You are building a vacation log cabin for Mr. and Mrs. Johnson. You had originally planned to use a small backhoe for the excavation. Once excavation begins, you realize that the small backhoe is not sufficient and you are now behind schedule. Bringing in a larger backhoe would be a _____________ action
Corrective
Responding proactively instead of reactively to potential changes
WORKING THE PLAN
As you evaluate the costs to trim out the inside of the house, you determine that based on the cost trending, you could go over budget. As such, you substitute lower-cost interior doors to prevent exceeding the budget. This is a __________ action.
Preventive
Process of performing the work defined in the project management plan to achieve the project’s objectives
DIRECT AND MANAGE PROJECT EXECUTION