A-F
Activity
A distinct, scheduled portion of work performed during the project.
Lag
The amount of time whereby a successor activity will be delayed with respect to a predecessor activity
Milestone
A signigicant point or event in a project, program, or portfolio
Scope
The sum of the products, services, and results to be provided as a project
Which of the following becomes increasingly important when working with virtual teams?
A. Work assignments
B. Communications
C. Budget
D. Schedule
B. Communications
Contract
A mutually binding agreement that obligates the seller to provide the specified product or service and obligates the buyer to pay for it.
Issue Log
A project document where information about issues is recorded and monitored
Phase (Project Phase)
A collection of logically related project activities that culminates in the completion of one or more deliverables
Trigger Condition
A situation that indicates that a risk is about to occur
Your project has a vendor that is under a firm fixed price contract and the seller has filed a claim. Which of the following is the preferred method of settling this dispute?
A. Litigation
B. Negotiation
C. Mediation
D. Arbitration
B. Negotiation
Code of Accounts
A lettering or numbering system used to uniquely identify each component of the work breakdown structure (WBS).
Histogram
A bar chart that shows the graphical representation of numerical data
Quality Metrics
A description of a project or product attribute and how to measure it
W.B.S Dictionaary
A document that provides detailed deliverable, activity, and scheduling information about each component in the work breakdown structure
Which of the following techniques could you apply, to any project in any industry, as a way of objectively measuring project progress?
A. Microsoft Project
B. Earned value analysis
C. Percent complete
D. Clear communication of requirements
B. Earned value analysis
Decision Tree Analysis
A specific technique in which a diagram is used for evaluating the implications of a chain of multiple options in the presence of uncertainty.
Gantt Chart
A horizontal bar chart that visually represents a project plan over time
Reserve
A provision in the project management plan to mitigate cost and/or schedule risk
A special type of bar chart used in sensitivity analysis for comparing the relative importance of the variable
When considering influences that could have an impact on cost management which of the following would you be the least concerned about?
A. Financial control procedures
B. Organizational culture and structure
C. The proposed budget
D. Marketplace conditions, i.e. currency exchange rates, products, and services available
C. The proposed budget
Earned Value Management
A methodology that combines scope, schedule, and resource measurements to assess the progress on the project.
Iterative Life Cycle
A project life cycle where the project scope is determined early in the project life cycle, but time and cost estimates are routinely modified as the project team's understanding of the project increases.
R.A.C.I Chart
A common type of responsibility assignment matrix that uses responsible, accountable, consult, and inform statuses to define the involvement of stakeholders in project activities
S-Curve Analysis
A technique used to indicate performance trends by using a graph that displays cumulative costs over a specific time period
Your team is working on a project to provide research capabilities to a wide variety of users. You have successfully completed several sprints, but at the last daily stand up meeting several team members identified a problem with stakeholders interrupting their work with requests for status reports. Specifically, they wanted to know what they were working on and inquiring about the progress of the sprint. What could have avoided this problem?
A. Nothing. This is not a problem as Agile is focused on high levels of customer interaction.
B. Use of Schedule Network Diagrams
C. Use of Epics
D. Use of Information Radiators
D. Use of Information Radiators