By the Numbers
Each phase of a project contains these 5 process groups.
What is Initiating, Planning, Executing, Monitoring & Controlling, Closing?
A temporary endeavor to create a unique product, service, or result.
What is a project?
Any delays to this continuous string of activities will delay the project.
What are Critical Path Activities?
Analysis performed to determine if there is a difference between the planned work and the actual work.
What is Variance Analysis?
Includes the processes required to ensure the project includes all the work required and only the work required to compete the project successfully.
What is Scope management?
There are 49 of these and they all have inputs, tools and techniques, that are combined to execute a specific activity on a project and create a specific output.
What are Processes?
A group of programs and individual projects implemented to achieve a strategic business goal.
What is a portfolio?
This schedule crashing method is where you do activities in parallel instead of sequentially.
What is Fast-tracking?
A series of formulas that gives you a numerical analysis of the project.
What is Earned Value Management (EVM)?
Integration, Scope, Schedule, Cost, Quality, Resource, Communication, Risk, Procurement, and Stakeholder make up these areas.
What is Knowledge Ares?
Weak, balanced and strong matrix business types are middle ground between these 2 organizational structures.
What is Functional and Project oriented organizational structures?
Iterative development methods including Scrum, Extreme Programming (XP), Kanban, lean development and a few others.
Agile Project Management
Defined as the amount of time you can delay an activity without delaying the next activity.
What is Free float?
When dividing Earned Value by Actual Costs (EV / AC) you are performing this calculation.
What is Cost Performance Index (CPI).
[Schedule Performance Index (SPI) = (EV/PV)]
Once a project management plan is approved, any subsequent changes will need to go through this process to be updated.
What is Integrated Change Control?
The three main types of contracts.
What is Fixed Price, Time & Material, and Cost-Reimbursable.
(cost-reimbursable = the buyer pays for the work expenses and then pays the seller a fee from her profits.)
The application of knowledge, skills, and tools, and techniques to meet the project requirements; focused on managing people to accomplish the scope of the project within the given constraints of time and costs.
What is Project Management/Manager?
The four dates associated with every activity.
What is Early Start (ES), Late Start (LS), Early Finish (EF), Late Finish (LF).
The projects Schedule Performance Index (CPI) will equal 1.2.
When the project schedule is ahead by 20%?
The first knowledge area and probably the most important of the 19 knowledge areas, as it incorporates and summarizes all of the work the project manager will need to do in order to successfully complete each phase of the project.
What is Integration Management?
The project manager's main job is to perform integration, and that means the integration of all the other knowledge areas such as scope, time, cost, and quality.
A project manager spends his/her time controlling these seven things (guess 5 for correct answer).
What are scope, schedule, cost, quality, risk, resources and customer satisfaction.
In the Scrum method, the work that is getting done during these short iterations, typically 1-4 weeks.
What is a Sprint?
Team works on the items selected from the Sprint Backlog.
When utilizing the Critical Path Method, the forward pass must be done first before the backward pass. The forward pass will find these two dates.
What are Early Start and Early Finish.
Early Finish (EF) = Early Start (ES) + Duration - 1.
The (Budget at Completion - Earned Value) / (Budget at Completion - Actual Costs).
[(BAC - EV) / (BAC - AC)]
What is the to Complete Performance Index (TCPI)?
How much effort your project team needs to put in in order to finish this project within budget. (Should be less than 1)
This defines how the project is executed, monitored & controlled, and closed. It is the single most important document in the entire project.
What is the Project management plan?