Chapter 3 Flashcards
What is the most important thing to ensure a successful project
-Balancing the demands of scope, time, cost, quality, resources and risk to produce the product, service or result
What is tailoring?
The types of process inputs and outputs are considered when managing a project
What is the initiating process group?
-The processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase
What is the planning process group?
-The process required to establish the scope of the project, refine the objectives, and define the course of action required to attain the objectives that the project was undertaken to achieve
What is the executing process group?
-The processes performed to complete the work defined in the project management plan to satisfy the project specifications
What is the monitoring/controlling process group?
-The processes required to track, review, and regulate the progress and performance of the project; identify any areas in which changes to the plan are required; and initiate the corresponding changes
What are the 10 knowledge areas
-Integration management
-Scope management
-Time management
-Cost management
-Quality management
-Human resources management
-Communication management
-Risk management
-Procurement management
-Stakeholder management
What is the closing process group?
-The process required to finalize all activities across all project management process groups to formally complete a project, phase or contractual obligation
What is Qualitative Risk analysis?
-It prioritizes risks for further analysis or action based on likelihood of occurrence and size of impact
What are the inputs of qualitative risk analysis?
-Risk register, risk management plan, project scope statement, organizational process assets
What is the output of qualitative risk analysis?
-Risk register updates
What is the output of quantitative risk analysis?
-Risk register updates
What are the inputs of quantitative risk analysis?
-Risk register, risk management plan, cost management plan, schedule management plan, organizational process assets
What is quantitative risk analysis?
-Numerically analyzes the effect of identified risks or overall project objectives.
What is the risk traceability matrix?
-Assessing and measuring the probability/likelihood of risk and assigning by low, high or numbers of 1-10
