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Miscellaneous
Initiating
Planning
Cost and budging formulas
Monitoring and Oversight
100
A temporary endeavor to accomplish a specific objective through a unique set of interrelated activities and the effective utilization of resources.
What is a project?
100
Phase of a project life cycle that involves recognizing a need, a problem or an opportunity that the project in consideration might address.
What is initiating phase?
100
The tangible end product that the project team or contractor must produce or deliver in order for the sponsor or customer to achieve the benefits from implementing the project.
What is the project objective?
100
The cost/value of work accomplished
What is earned value?
100
Identify risk, assess the likelihood of a risk event happening and the impact to project objectives, prioritize the risk, develop risk mitigation plans and assign responsibility, then monitor
How to control project risk?
200
Planning, organizing, coordinating, leading, and controlling resources to accomplish a defined objective. Plan the work and work the plan!!
What is project management?
200
Developing a set of evaluation criteria, listing assumptions about each project, gathering data and info about each project and evaluating each project against the agreed upon criteria.
What is the project selection process?
200
Defines the major tasks that will need to be performed to accomplish the work that needs to be done and produce the project deliverables. If it is not captured in this document, then it can be assumed that it doesn't need to be done.
What is the statement of work?
200
The costs incurred for the work completed
What is actual cost?
200
Method for developing a schedule that attempts to minimize the fluctuations in requirements for resources. This method levels the resources so that they are applied as uniformly as possible without extending the project schedule beyond the required time.
What is resource leveling?
300
Scope, schedule, and cost are three main ______ in project management
What are project management constraints?
300
Document prepared by the sponsor/customer which defines the project requirements and is used to solicit proposals from potential contractors to do the work.
What is a request for proposal?
300
A hierarchical decomposition of the project work scope into work packages that produce the project deliverables. The ____ establishes the framework for further planning to produce the baseline plan.
What is a WBS?
300
The approved budget of the work scheduled to be accomplished by a certain date
What is planned value?
300
Longest path to project completion
What is the critical path?
400
Initiating, Planning, Executing, Monitoring and Controlling and Closing
What are the 5 Process Groups in project management
400
Document submitted by the contractor that proposes an approach, schedule, and budget to meet the requirements of the request for proposal and accomplish the scope of the project.
What is a proposal?
400
A formal approved document that defines how the project is executed, monitored and controlled. It may be a summary or a detailed document and may be a compendium of baselines, subsidiary management plans and other planning documents.
What is the project management plan?
400
EV / AC =
What is the Cost Performance Index?
400
The key to effective project control is to measure __________ and compare it to __________ on a timely and regular basis and to take necessary corrective action immediately.
What is "actual progress" and "planned progress"?
500
Project Integration Management, Project Scope Management, Project Time Management, Project Cost Management, Project Quality Management, Project Human Resource Management, Project Communications Management, Project Risk Management, Project Procurement Management, Project Stakeholder Management.
What are the 10 Knowledge areas of Project Management
500
Objective, statement of work, customer requirements that must be met, deliverables the contractor must provide, acceptance criteria for the deliverables, a list of any customer-supplied items, approvals the customer requires, type of contract, payment terms, schedule for completion, evaluation criteria for proposals, etc...
What are the elements of a well written RFP?
500
Establish project objective, define scope, create a WBS, assign responsibility, define specific activities, sequence activities, estimate resources, estimate activity durations, develop a schedule, estimate costs, and determine a budget
What are the steps to establish a baseline plan?
500
EV / PV =
What is Schedule Performance Index?
500
a. Status on cost, schedule, and performance b. Estimates at completion c. Recognition of team members d. Lessons learned (good and bad) and best practices e. Changes in scope, team members, management, internal, and external factors f. Status of suppliers g. Contractual obligations
What are some topics to be discussed at project update meetings?