Performance Domain Method - Data Gathering and Analysis Methods

Question 1

Alternatives Analysis

Answer 1

Data Gathering and Analysis Methods - is used to evaluate identified options in order to select the options or approaches to perform the work of the project.

PLANNING PROJECT DELIVERY UNCERTAINTY

Question 2

Assumption and constraint analysis

Answer 2

Data Gathering and Analysis Methods - This form of analysis ensures that assumptions and constraints are integrated into the project plans and documents, and that there is consistency among them.

PLANNING DELIVERY UNCERTAINTY

Question 3

Benchmarking

Answer 3

Data Gathering and Analysis Methods - is the comparison of actual or planned products, processes, and practices to those of comparable organizations, which identifies best practices, generates ideas for improvement, and provides a basis for measuring performance.

DELIVERY MEASURMENT

Question 4

Business justification analysis

Answer 4

Data Gathering and Analysis Methods - This group of analysis methods is associated with authorizing or justifying a project or a decision.

DEV PLANNING MEASURMENT

Question 5

Business justification analysis 5 analysis

Answer 5

1. Payback period
2. Internal rate of return (IRR)
3. Return on investment (ROI)
4. Net present value (NPV)
   5.Cost-benefit analysis

Question 6

Payback period

Answer 6

The payback period is the time needed to recover an investment, usually in months or years

DEV PLANNING MESUREMENT

Question 7

Internal rate of return (IRR)

Answer 7

Is the projected annual yield of a project investment, incorporating both initial and ongoing costs into an estimated percentage growth rate a given project is expected to have.

PLANNING MESUREMENT

Question 8

Return on investment (ROI)

Answer 8

Is the percent return on an initial investment, calculated by taking the projected average of all net benefits and dividing them by the initial cost.

PLANNING MESUREMENT

Question 9

Net present value (NPV)

Answer 9

Is the future value of expected benefits, expressed in the value those benefits have at the time of investment.

DEV PLANNING DELIVERY MESUREMENT

Question 10

Cost-benefit analysis

Answer 10

A cost-benefit analysis is a financial analysis tool used to determine the benefits provided by a project against its costs

PLANNING MESUREMENT

Question 11

Check sheet.

Answer 11

Data Gathering and Analysis Methods - Is a tally sheet that can be used as a checklist when gathering data. Check sheets can be used to collect and segregate data into categories. Check sheets can also be used to create histograms and matrices.

DELIVERY MESUREMENT

Question 12

Cost of quality (COQ)

Answer 12

Data Gathering and Analysis Methods - All costs incurred over the life of the product by investment in preventing nonconformance to requirements, appraisal of the product or service for conformance to requirements, and failure to meet requirements.

PLANNING DELIVERY MESUREMENT

Question 13

Decision tree analysis

Answer 13

Data Gathering and Analysis Methods - A diagramming and calculation method for evaluating the implications of a chain of multiple options in the presence of uncertainty.

PLANNING MESUREMENT

Question 14

Earned value analysis(EVA)

Answer 14

Data Gathering and Analysis Methods - An analysis method that uses a set of measures associated with scope, schedule, and cost to determine the cost and schedule performance of a project.

PLANNING MESUREMENT

Question 15

Expected monetary value(EMV)

Answer 15

Data Gathering and Analysis Methods - The estimated value of an outcome expressed in monetary terms.

PLANNING MESUREMENT

Question 16

Forecasting

Answer 16

Data Gathering and Analysis Methods - is an estimate or prediction of conditions and events in the project’s future, based on information and knowledge available at the time of the forecast.

MESUREMENT

Question 17

Influence diagram

Answer 17

Data Gathering and Analysis Methods - This diagram is a graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes.

PLANNING

Question 18

Life cycle assessment

Answer 18

Data Gathering and Analysis Methods - is a tool used to evaluate the total environmental impact of a product, process, or system.

PLANNING

Question 19

Make-or-buy analysis

Answer 19

Data Gathering and Analysis Methods - is the process of gathering and organizing data about product requirements and analyzing them against available alternatives such as the purchase versus internal manufacture of the product.

PLANNING PROJECT

Question 20

Probability and impact matrix

Answer 20

Data Gathering and Analysis Methods - A probability and impact matrix is a grid for mapping the probability of occurrence of each risk and its impact on project objectives if that risk occurs.

PLANNING UNCERTAINTY

Question 21

Process analysis

Answer 21

Data Gathering and Analysis Methods - is a systematic review of the steps and procedures to perform an activity.

PLANNING PROJECT DELVERY INCERTAINTY

Question 22

Regression analysis

Answer 22

Data Gathering and Analysis Methods - is an analytical technique where a series of input variables are examined in relation to their corresponding output results in order to develop a mathematical or statistical relationship.

PLANNING MEASUREMENT

Question 23

Root cause analysis

Answer 23

Data Gathering and Analysis Methods - is used to determine the basic underlying cause of a variance, defect, or a risk.

PROJECT DELIVERY

Question 24

Sensitivity analysis

Answer 24

Data Gathering and Analysis Methods - is used to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes by correlating variations in project outcomes with variations in elements of a quantitative risk analysis model.

PLANNING PROJECT DELIVERY

Question 25

Simulation

Answer 25

Data Gathering and Analysis Methods - This analytical technique uses models to show the combined effect of uncertainties in order to evaluate their potential impact on objectives.

PLANNING MEASURMENT

Question 26

Stakeholder analysis

Answer 26

Data Gathering and Analysis Methods - This technique involves systematically gathering and analyzing quantitative and qualitative information about stakeholders to determine whose interests should be taken into account throughout the project.

STAKEHOLDER PLANNING PROJECT

Question 27

SWOT analysis

Answer 27

Data Gathering and Analysis Methods -
1. Strengths
2. Weaknesses
3. Opportunities
4. Threats
of an organization, project, or option.

PLANNING UNCERTAINTY

Question 28

Trend analysis

Answer 28

Data Gathering and Analysis Methods - uses mathematical models to forecast future outcomes based on historical results.

MEASURMENT

Question 29

Value stream mapping

Answer 29

Data Gathering and Analysis Methods - is a lean enterprise method used to document, analyze, and improve the flow of information or materials required to produce a product or service for a customer.

PLANNING PROJECT DELIVERY

Question 30

Variance analysis

Answer 30

Data Gathering and Analysis Methods - is used to determine the cause and degree of difference between the baseline and actual performance.

MESUREMENT

Question 31

What-if scenario analysis

Answer 31

Data Gathering and Analysis Methods - evaluates scenarios in order to predict their effect on project objectives.

PLANNING UNCERTAINTY