Project Planning
This document outlines the project's objectives, scope, and deliverables and is often used to guide the project from start to finish.
What is the project charter?
The process of aggregating individual project costs to establish a total budget.
What is cost aggregation?
This initial step in risk management involves identifying potential issues that could impact the project’s success.
What is risk identification?
This process checks project deliverables to ensure they meet the required standards before they are handed over to the customer.
What is quality inspection?
This project role involves providing direction, delegating tasks, and motivating the team.
What is a project manager?
This method breaks down tasks to show each part’s individual duration and dependencies.
What is the Work Breakdown Structure (WBS)?
The reserve managed by executives, intended to address major project changes.
What is a management reserve?
The process of ranking risks based on qualitative analysis to prioritize responses.
What is qualitative risk analysis?
A quantitative measure of quality that tracks defect rates, customer satisfaction, and on-time delivery.
What is a quality metric?
A collaborative activity to help team members understand each other and work together effectively.
What is team building?
This is the first step in project planning, where project goals and stakeholders are identified.
What is project initiation?
Prize!!!
1%
These tools predict the impact of risks using numerical data, like Monte Carlo simulations.
What is quantitative risk analysis?
This method assesses both cost and performance of a project to ensure quality standards are met.
What is cost-benefit analysis?
A method where each team member assesses their performance and identifies growth areas.
What is self-assessment?
This term refers to the resources, time, and effort allocated to a project to ensure its completion.
What are project resources?
This cost estimation method divides a project into parts and estimates each one individually.
What is bottom-up estimating?
This term describes the amount of time a task can be delayed without affecting the project's overall timeline.
What is float (or slack)?
This preventive approach focuses on identifying and fixing process issues to ensure quality.
What is Total Quality Management (TQM)?
These are designed to help teams communicate clearly and avoid misunderstandings.
What are feedback loops?
Known for developing the Gantt chart, this project management pioneer’s work revolutionized planning.
Who is Henry Gantt?
This estimate is used during the project’s initial phase and typically has a wide accuracy range.
What is a Rough Order of Magnitude (ROM)?
Prize!!!
This type of audit is used to check compliance with quality standards during production.
What is a process audit?
This theory suggests motivation is affected by hygiene factors and motivators.
What is Herzberg’s Two-Factor Theory?