Unit 1
Defines the boundaries of the project and what is outside those boundaries.
(BONUS QUESTION)
What is scope?
The uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.
What is scope creep?
Everybody agrees on a single decision.
What is unanimity?
When resources are added to the project for the least cost possible.
What is crashing?
Calculate CPI. The EV is 83. The AC is 100.
What is over budget?
What is 0.83?
Human resources, communication, risk, and procurement.
What are the four facilitating functions?
A construction worker adds a TV stand free of cost to the house he is building.
What is gold plating?
A table that links requirements to their origin and traces them throughout the project life cycle.
(BONUS QUESTION)
What is requirements traceability matrix?
Type of estimating that is dependent upon the similarity of the two projects being considered.
Three different companies have offered you three different price points for your party planning needs. You average the costs together.
What is vendor bid analysis?
The person most directly affected by the project.
What is the primary stakeholder?
Components include project scope document, the WBS, and the WBS dictionary.
What is scope baseline?
We will not have any weather delay's during construction.
What is project assumptions?
You have to bake a cake before you can decorate it.
What is finish-to-start?
The value of the work that should have been completed at a specific point in time.
(BONUS QUESTION)
What is planned value?
The 5 stages of Tuckman's development.
What are forming, storming, norming, performing, and adjourning.
Requests to expand or reduce the project scope, modify policies, processes, plans, or procedures.
What is a change request?
As a part of my project management requirements, I provide the performance report to my sponsor for her approval.
What is verify scope?
Choosing between building the front wall and building the back wall first.
(BONUS QUESTION)
What is discretionary dependency?
CV, SV, CPI, and SPI are all examples of this.
What is forecasting?
A structure where the project manager has full authority to assign priorities, apply resources, and direct team managers.
What is projectized organization?
You're building a shed and using a digger. Once you begin, you realize the digger is not sufficient and you are behind schedule. You need to bring in a bigger digger.
(BONUS QUESTION)
What is corrective action?
We break down the planning stage into conduct kickoff meeting, develop project schedule, and develop staffing plan.
What is WBS?
Your project will take twelve weeks to complete, so you begin sixteen weeks in advance.
What is reserve analysis?
This is calculated by BAC or PV multiplied by percentage complete.
What is earned value?