Formulas
The formula used to find the number of communication channels in a project
What is n(n-1)/2?
Ex. 10 Stakeholders = n
10(10-1)/2 = 45
Is the most accurate type of estimating technique
What is Bottom-up Estimating?
Breakdown the activities in more detail until you can assign resources, then aggregate into the full activity
The formal process to propose a change to a document or deliverable.
What is a Change Request?
Document used to effectively engage stakeholders
What is the Communications Management Plan?
Tool to compress a schedule involving adding additional resources to complete tasks.
What is Crashing a schedule? Always costly
Alternative is Fast Tracking, or performing activities in parallel. More risk to project.
25%-75% is this type of cost estimate
What is Rough Order of Magnitude Estimates?
Document that outlines acceptable behavior to follow within a project
What is a Team Charter?
Should include rules of conduct, decision-making methods, meeting cadence.
Estimating method that relies on historical information to assign activity durations
What is Analogous Estimating?
Output of Estimate Costs. Provides detail of how estimates were made and by whom.
What is Basis of Estimates?
3-Point formula of estimating activities that require an optimistic, pessimistic, and realistic duration estimates.
What is the PERT formula?
(O + (4R) + P)/6
The smallest breakdown of work to be completed from the project deliverables.
What are activities?
Technique of hiring SME or experts to help you plan or conduct a process.
What is expert judgement?
Smallest breakdown of work during the Plan Scope Management phase.
What are Work Breakdown Structures?
Sending out mass email blasts to all stakeholders is this type of communication tool
What is a push method?
Opposite is pull (ex. Instructing stakeholders to download files each week)
A number that indicates the amount of time a task can be delayed without impacting subsequent tasks
What is Free Float (or Slack)?
The output of Defining Scope
What is the project scope statement?
Output of the WBS is the Scope Baseline
Automated system tool that helps project managers optimize schedules
What is PMIS (PM Information Systems)?
All costs of a product over its lifetime to ensure it meets quality. Includes failure costs, prevention costs, conformance/non-conformance costs
What is the Cost of Quality?
Visual, non-linear way to organize data.
What is mind-mapping?
The optimistic estimate where the PERT estimate is 4, the realistic estimate is 4, and the pessimistic estimate is 6.
What is an optimistic estimate of 2
PERT = (O + 4(R) + P)/6
4 = (O + 4(4) + 6)/6
4 = (O + 22)/6
24 = O + 22
2 = O
The money set aside in a project for identified, known risks and are part of the cost baseline.
What are contingencies reserves.
Management reserves are not part of the cost baseline and are for unknown risks.
Output of Plan Scope Management that provides information on how requirements will be analyzed, documented, and managed
What is the Requirements Management Plan?
Activity sequencing relationship where completion of the successor work package depends on the start of its predecessor
What is a Start to Finish Relationship?
Quality Metrics, or specifications on how quality will be measured is this type of ITTO to Plan Quality Management.