Scope Management
Includes both the outputs that compromise the product or service of the project, as well as ancillary results such as project management reports and documentation.
What are project deliverables?
A standard activity list or a portion of an activity list from a previous project that is still usable.
The detailed explanation of the logic or rules that govern the costs estimates.
What is basis of estimates?
When an activity cannot be estimated with a reasonable degree of confidence, the work within the activity is decomposed into more detail.
Estimates for future project performance based.
What is forecasting?
List and describes specific elements that may restrict the project, such as time, budget, milestones, or any other contractual obligations.
What are project constraints?
Graphic display of schedule-related information.
What is a gantt chart?
Cost estimating methods may include analysis of what the project should costs, based on the responsive bids from qualified vendors.
What is a vendor bid analysis?
What is Three-Point Estimating?
The cost of the work that has been completed at a specific point in time.
What is actual cost?
Elaborates the characteristics of the product, service or result described in the project charter and requirements documentation.
What is the project scope description?
A type of dependency that are contractually required or inherent in the nature of the work.
Method for calculating costs companies incur ensuring that products meet quality standards.
What is Cost of Quality?
Uses parameters such as duration, budget, size, weight, and complexity, from a previous similar project as the basis for estimating the same parameter or measure for a future project.
A measurement of the progress of a project and the basis for cost analysis.
What is product acceptance criteria?
A modification of a logical relationship that allows an acceleration of the successor activity.
What is lead?
Total costs and period costs that are derived from the cost baseline.
What is project funding requirements?
Uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters, such as cost, budget and duration.
What is parametric estimating?
Differences between the value of the work being completed and the value that should have been completed.
What is schedule variance?
Lists and describes the specific project elements that managers believe to be true and the potential impact of those if they prove to be false.
What are project assumptions?
A schedule network diagramming techniques in which schedule activities are represented by boxes or nodes.
What is precedence diagramming method?
A variance between the funding limits and the planned expenditures will sometimes necessitate the rescheduling of work to level out the rate of expenditures.
What is funding limit reconciliation?
What is reserve analysis?
Determines the efficiency needed from the remaining resources to meet the cost goals of the project and finish the project on time.
What is to-complete?