Definitions
This estimation technique compares a similar project with the current project, to get a quick estimate.
What is analogous estimating?
These two risk factors comprise an organization's risk attitude.
What are risk threshold and risk appetite?
These two risk factors comprise an organization's risk attitude.
What are risk threshold and risk appetite?
Project Management Institute (PMI)
What is the organization that has set the de facto standards for project management techniques?
This limits the options of a project team.
What is a project constraint?
The shortest duration (path) in the network diagram.
What is the critical path?
This is a mandatory dependency that describes an activity that must be accomplished in a specific order.
What is hard logic?
What is (passive) acceptance?
Initiating, executing, monitoring and controlling, and closing.
What are the process groups?
This dollar amount is added to a project budget to be used to cover known risks that come true.
What is the continency reserve?
Who is Walter Shewart?
Similar to a WBS, this structure may be created to illustrate and break down project risk.
What is a Risk Breakdown Structure (RBS)?
This internal department is responsible for supporting project managers, education, and training.
What is the Project Management Office (PMO)?
This knowledge area ensures that the project includes all the work and only the work required to complete the project successfully.
What is scope management?
What is crashing the schedule?
This is the most common logical relationship (dependency) used in precedence diagram modeling (PDM).
What is finish to start (FS)?
This risk score is determined by multiplying the probability of the risk occurring with the impact of the risk, should it occur.
What is the probability and impact matrix?
This book describes global best practices for project managers.
What is the Project Management Body of Knowledge (PMBOK)?
All employees (and the PM) report to the same manager and have a clear chain of command.
What is a functionally aligned organization?
This estimate uses the formula (P + O + 4ML ) / 6
What is a three-point estimate using the beta distribution?
This technique is used to balance resources, prevent team members from burning out, and create a realistic work week.
What is resource leveling?
This chart is created during the perform qualitative risk analysis and is used to illustrate relationships between variables and their impact on project risk.
What is a bubble chart?
Technique that generates a lot of ideas in a short period of time.
What is Brainstorming?