Project Planning
This visual tool is commonly used to display project tasks over time.
What is a Gantt chart?
This is the approved version of the project budget that includes planned costs and reserves.
What is the cost baseline?
The practice of identifying, analyzing, and responding to project risks.
What is risk management?
The process-oriented activity aimed at preventing defects by improving processes.
What is Quality Assurance (QA)?
The process of developing, managing, and overseeing project team members to achieve project goals.
What is Human Resource Management?
Key points in a project that mark significant events or progress milestones.
What are project milestones?
This cost estimation technique uses historical data from similar projects.
What is analogous estimating?
A tool that prioritizes risks based on their probability and impact.
What is a Probability/Impact Matrix?
A graphical tool used to identify the root cause of quality problems.
What is a Fishbone Diagram?
According to Tuckman’s model, this stage is where team members start to collaborate and establish norms.
What is the Norming stage?
This is the mysterious force that causes timelines to shift, budgets to inflate, and requirements to multiply.
What is “scope creep”?
This term refers to the additional funds set aside to address unexpected project costs.
What is contingency reserve?
The method of shifting project risks to a third party, such as through insurance.
What is risk transfer?
The global standard for Quality Management Systems, focused on ensuring consistent quality.
What is ISO 9001?
This motivational theory includes levels like physiological needs, safety needs, and self-actualization.
What is Maslow’s Hierarchy of Needs?
Key benefit of using network diagrams in project planning.
What is identifying task dependencies?
A tool used to track the cost and performance of projects through metrics like CPI and SPI.
What is Earned Value Management (EVM)?
The risk response strategy where project plans are altered to eliminate a risk entirely.
What is avoidance?
This metric measures the percentage of deliverables that pass inspection the first time.
What is First Pass Yield?
A tool often used to identify project team strengths and weaknesses.
What is a skill inventory?
This method is used to calculate the longest duration path in a project schedule, factoring in task durations and dependencies.
What is the Critical Path Method (CPM)?
This metric measures cost efficiency in projects, calculated as Earned Value divided by Actual Cost.
What is the Cost Performance Index (CPI)?
A visual tool for prioritizing risks based on how likely they are and how severe their impact could be.
What is a Risk Breakdown Structure (RBS)?
The technique that uses charts to track and control quality during production.
What is Statistical Process Control (SPC)?
This term refers to aligning a project’s human resource management strategies with overall project objectives.
What is strategic HRM alignment?