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The project life cycle phase during which actions are taken to archive project documents, identify lessons learned, and pay all remaining bills.
What is the closing phase?
This individual that spearheads development of a plan to achieve the project objective and provides leadership to the project team.
Who is the project manager?
A hierarchical decomposition of the project work scope to be executed by the project team to produce the project deliverables.
What is a Work Breakdown Structure (WBS)?
A defined piece of work that consumes time. Also referred to as a task.
What is an activity?
An uncertain event that if it occurs can jeopardize accomplishing the project objective.
What is a risk?
The project life cycle phase during which a baseline plan is developed, it includes defining the project scope, identifying resources, developing a schedule, and developing a budget.
What is the planning phase?
This is the ultimate responsibility of the project manager.
What is satisfy the customer?
An individual piece or component of a project in a work breakdown structure.
What is a work item?
A consolidated list of specific activities that need to be performed to produce all project deliverables and to accomplish the project objective.
What is an activity list?
The identification, assessment, control, and response to project risks to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective.
What is risk management?
The project life cycle phase during which projects are identified, selected, and authorized.
What is the Initiating Phase?
A document issued by the project sponsor that authorizes the project and commits funds for the project.
What is a project charter?
Tangible items that must be produced by the project.
What are deliverables?
A tool for arranging and displaying specific activities in the appropriate sequence and defining their dependent relationships.
What is a network diagram?
Determining which risks may adversely affect the project objective and what the impact of each risk might be if it occurs.
The project life cycle phase during which the project baseline plan is executed to produce all the project deliverables and to accomplish the project objective.
What is the performing (executing) phase?
What is to be accomplished, stated in terms of end product or deliverable, schedule, and budget.
What is the project objective?
All the work that must be done in order to produce all of the project deliverables, satisfy the customer, and accomplish the project objective.
What is project scope?
An activity that must be completed before the next activity can begin?
What is an immediate predecessor?
Determining the likelihood that a risk event will occur and the degree of impact the event will have on the project objective.
What is risk assessment?
The people (including subcontractors and consultants), materials, equipment, and facilities required to perform the project and produce the project deliverables.
What are resources?
A document, prepared by the customer to solicit proposals from potential contractors to do the project.
What is a request for proposal (RFP)?
A set of integrated project documents that shows how the project scope will be accomplished within the budget and on schedule; it is used as a benchmark to which actual performance can be compared.
What is a baseline plan?
In a network diagram, any path of activities with zero or negative total slack.
What is critical path?
A table that includes potential risks, their potential impact, likelihood of occurrence, and response plan. Also referred to as risk register.
What is risk assessment matrix?