Plan Cost
All about the Benjamins
All about the Benjamins
Agile Play
"Dough"
"Dough"
Estimate Cost
I Need a Dollar
I Need a Dollar
Manage the money
Scrooge McDuck
Scrooge McDuck
"Inside Job"
PMP 101
PMP 101
100
This initial project management process involves defining how costs will be estimated, budgeted, managed, and controlled
What is Plan Cost Management?
100
In Agile project management, this technique involves assigning relative estimates to user stories or features.
What is story points estimation?
100
This method involves using historical data to estimate costs for similar projects.
What is analogous estimating?
100
Name one technique used to control project costs and manage changes to the project budget.
What is earned value management (EVM)?
100
a temporary and unique endeavor that aims to achieve specific objectives within a defined timeframe, budget, and scope
What is a project
200
What term means, what is the actual cost incurred for the work accomplished?
What is Actual Cost?
200
What ceremony is happening in this picture?
What is daily stand up?
200
In three-point estimation, these three values are used to calculate the expected cost.
What are optimistic, pessimistic, and most likely estimates?
200
This planning activity involves identifying risks and determining their potential impact on project costs.
What is risk assessment or risk analysis?
200
This document outlines the project's objectives, scope, deliverables, initial requirements and authorizes the project manager
What is a project charter?
300
What earned value term means "to forecast"
What is the estimate at completion?
300
This is an example of a 
what is a burn down chart?
300
Once the budget is approved, this term refers to the original approved version against which project performance is measured.
What is the budget baseline?
300
This practice involves comparing actual project performance against the budgeted figures.
What is cost variance analysis
300
This is when your team wants to do extra work that is un planned to impress the customer
what is goldplating?
400
Having a back up plan in project management is often called a
What is contingency plan?
400
Agile teams prioritize tasks based on their value to the customer, following this cost management principle.
What is value-driven delivery or prioritization?
400
This reserve is added to a cost estimate to account for identified risks that may impact project costs.
What is a contingency reserve?
400
Project setup costs are an example of
Variable costs, Fixed cost
Overhead costs, Opportunity Cost
What is fixed cost?
400
The five phases of a project life cycle—initiating, planning, executing, monitoring/controlling, and closing—are collectively known as this.
What is the project management process groups?
500
What is this
What is a WBS
500
Agile contracts often favor this type of agreement (contract) that allows for flexibility and adjusting requirements throughout the project.
What is a time and materials (T&M) contract
500
This is an example of what kind of estimating
What is bottom-up estimating
500
Which index does Scrooge McDuck monitor to measure performance is getting a large amount of worth out of every dollar spent
What is the Cost performance index?
500
This tool visually represents the relationship between cost, schedule, and scope in project management.
What is the Triangle of Constraints?
600
These help you manage the control costs of a project throughout completion. These figures depend on the project size and budget and help you stay within budgets and deadlines.
What is Control thresholds
600
This is the total effort estimate associated with user stories that were completed during an iteration. It increases when the agile team is mature
What is velocity?
600
This type of estimate is made at the initial stage of a project when there is limited information available.
What is a rough order of magnitude (ROM) estimate?
600
This is refers to the expenses incurred due to failures and defects that occur because quality expectations were not met, encompassing both internal and external failure costs.
What is the cost of nonconformance?
600
This is a document that establishes the deliverables included in a project. It is a fixed reference against which project actuals will be measured.
What is Scope baseline?
