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What is Dovico?
A temporary endeavor undertaken to create a unique product, service, or result.
What is a Project?
The expected cost to finish all the remaining work.
What is Estimate to Complete (ETC)?
A repository in which outputs of risk management processes are recorded
What is a Risk Register?
A person responsible for maximizing the value of the product and accountable for the end product.
Who is the Product Owner?
The role and required hours have been entered in the Forecast spreadsheet. During this event the resource or potential resource will be likely be identified.
What is the TAI Resource Planning Meeting?
The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available
What is Progressive Elaboration?
A measure of schedule efficiency expressed as the ratio of earned value to planned value.
What is Schedule Performance Index (SPI)?
A risk response strategy whereby the project team acts to ensure than an opportunity occurs.
What is Risk Exploiting?
A brief, daily collaboration meeting in which the team reviews progress from the previous day, declares intentions for the current day, and highlights any obstacles encountered or anticipated.
What is a Daily Scrum or Daily Stand up?
Keeping this updated on a weekly basis is important so that the senior leadership team has a good understanding of each project status.
What is the PHC Spreadsheet?
A schedule compression method in which activities or phases normally done in sequence are performed in parallel for a t least a portion of their duration.
What is Fast Tracking?
An estimating method in which an algorithm is used to calculate cost or duration based on historical data and project parameters.
What is Parametric Estimating?
The process of gathering and organizing data about product requirements and analyzing them against available alternatives including the purchase or internal manufacture of the product.
What is Make-or-Buy Analysis?
1. Individual and interactions over processes and tools.
2. Working software over comprehensive documentation.
3. Customer collaboration over contract negotiation.
4 Responding to change over following a plan.
What are the Four Values of the Agile Manifesto?
A repository of documents where you can find information on the projects and copies of the signed contracts.
What is the :\L Drive?
The sum of the products, services, and results to be provided as a project.
What is Scope?
This type of estimate is the most inaccurate, as it can be between -25% to + 75%. This is most likely used in the initiation part of teh phase or project.
What is a Rough Order of Magnitude (ROM)?
An agreement that sets the fee that will be paid for a defined scope of work regardless of the cost or effort to deliver it.
What is a Fixed-Price Contract?
A technique in which multiple team members focus collectively on resolving a specific impediment.
What is Swarming?
An individual who leads a team through service to the team, focuses on understanding and addressing the needs and development of team members in order to enable the highest possible team performance. This individual, in particular, looks forward to his annual camping trip each year. Our #1 Servant Leader and best manager ever!
Who is Valentin Makharinets?
Analysis of strengths, weaknesses, opportunities, and threats of an organization, project, or option.
What is SWOT Analysis?
Scenario : Forecasts show your budget is going to run over. You perform the calculations to determine the new budget. Now you need to get permission from the customer. What is your next step?
What is the Creation and Customer Approval of a PCR?
Process of prioritizing the risks listed in the risk register. After you have identified the risks, you will need to determine which risks have the most significance to the project. Risk is prioritized based on its impact and its probability of occurrence.
What is Perform Qualitative Risk Analysis?
Refers to a person with various depths of specialization in multiple skills required by the team. Also known as Paint Drip.
What is Broken Comb?