Resource Utilization
A table that illustrates the expected utilization of resources by time period.
What is Resource Requirements Plan?
The amount of costs actually expended and committed to accomplish the work performed.
What is Actual Cost?
The identification, assessment, control, and response to project risks to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective.
What is Risk Management?
An orientation meeting with the project team held early in the project to outline project objectives, inform team members, manage expectations, set the tone, and inspire the team.
What is Project Kickoff Meeting (or kickoff)?
The time interval at which actual project performances will be compared to planned performance.
What is Reporting Period?
Two aspects about resources that must be estimated for each activity.
What is Type and Quantity of resources?
The aggregation of all estimated activity costs of all work packages in the entire work breakdown structure.
What is Total Budgeted Cost (TBC)?
Determining which risks may adversely affect the project objective.
What is Risk Identification?
The cooperative effort by members of the project team to accomplish the project objective.
What is Teamwork?
A method of collecting feedback from the customer when closing the project?
What is Customer Evaluation Survey (or Customer Survey)?
A method for developing a schedule that attempts to minimize the fluctuations in requires for resources?
What is Resource Leveling (or smoothing)?
The value of the work actually performed.
What is Earned Value?
A table that includes potential risks, their potential impact, likelihood of occurrence, and response plan.
What is Risk Assessment Matrix?
The four stages of team development.
What is Forming, Stormng, Norming, and Performing?
A document developed during the planning phase that defines the generation and distribution of project documents among project stakeholders.
What is Project Communication Plan?
A project schedule based on the earliest start time of each activity?
What is As-Soon-As-Possible (ASAP) Schedule ?
The amount budgeted to accomplish all of the work scheduled to be performed up to a specific point in time.
What is Cumulative Budgeted Cost (CBC)?
Determining the likelihood that a risk event will occur and the degree of impact the event will have on the project objective.
Behavior that is necessary within a project organization and crucial in project business relationships with customers, suppliers, and subcontractors to maintain trust.
What is Ethical Behavior?
Information documented during project closure to capitalize on the knowledge and experience gained on the project in order to improve performance on future projects.
What are Lessons Learned?
A method for developing the shortest schedule when the quantity of available resources is fixed.
What is Resource-Limited Scheduling?
A measure of the cost efficiency with which the project is being performed.
What is Cost Performance Index (CPI)?
A defined set of actions to prevent or reduce the likelihood of occurrence or the potential impact of a risk, or to implement if the risk event occurs.
What is Risk Response Plan?
A technique in which all members of a group contribute spontaneous ideas in a nonjudgmental environment.
What is Brainstorming?
An organizational component that oversees and coordinates multiple projects, provides project support resources and services, and establishes project processes and procedures.
What is a Project Management Office (PMO)?