Chapter 1
What are the 4 Core Functions of Project Management?
What is Scope, Time, Cost, and Quality
What is a Statement of Work (SOW)?
What is a narrative description of products or services to be delivered by the project
What is Scope?
What is the process of developing a detailed description of the project and product
What is Rolling Wave Planning?
What is a form of progressive elaboration planning where the work to be accomplished in the near term is planned in detail and future work is planned at a higher level of the WBS
Why Estimate Costs?
What is the part of the planning process for any project. Budgets are directly impacted by the estimated cost for each item in the budget.
What are the 4 Facilitating Functions?
What is Procurement, Risk, Communication, and Human Resources?
What is a Baseline?
What is a baseline is a fixed schedule, which represents the standard that is used to measure the performance of the project
What is Expert Judgement?
What is judgment and expertise is applied to any technical details
What is a Milestone?
What is a significant point or event in a project
What is Analogous Estimating?
What is a high-level estimate used to include program evaluation review techniques (PERT) estimations.
What is a Project?
What is a temporary endeavor undertaken to create a unique product, service, or result
What are deliverables?
What is any unique and verifiable product, result or capability to perform a service that must be produced to complete a process, phase or project
What is Product Analysis?
What are techniques such as product breakdown, system analysis, requirement analysis, systems engineering, value engineering, and value analysis
What is a Gantt Chart?
What is a graphic display of schedule-related information. In the typical bar chart, schedule activities or WBS components are listed down the left side of the chart, dates are shown across the top, and activity durations are shown as date-place horizontal bars.
What is Parametric Estimating?
What is the technique used to estimate the quantity of work and productivity rate per unit of work
What are the five process stages of Project Management?
What is Initiating, Planning, Executing, Monitoring and Controlling, and Closing
What is a change request?
A document that requests to expand or reduce the project scope, modify policies, processes, plans, or procedures. Modify the project scope, costs, or schedules. Modify the quality of the deliverable.
What is Alternative Identification?
What is a technique to generate different approaches to execute and perform the work of the project
What is Project Schedule?
What is the output of a schedule model that presents linked activities with planned dates, durations, milestones, and resources
What is Bottom-Up Estimating?
What is a technique used to estimate the quantity of work and productivity rate per unit of work
What is a Stakeholder?
What are persons or organizations who are actively involved in the project or whose interest may be positively or negatively affected by the performance or completion of the project.
What are lessons learned?
A general report that provides an overview of the project is created to provide stakeholders with a summary of the project.
What is a Facilitated Workshop?
What are Sessions that bring in stakeholders together to discuss the project
What is the Critical Path Method?
What is a schedule network analysis technique used to determine the amount of scheduling flexibility (the amount of float) on various logical network paths in the project schedule network, and to determine the minimum total project duration
What is Three-Point Estimating?
What is the technique used to look at the best case, worse case, and most likely estimates when creating cost estimates