Definitions 181-210

Question 1

What is Measurement Performance Domain?

Answer 1

The performance domain that addresses activities and functions associated with assessing project performance and taking appropriate action to maintain acceptable performance.

Question 2

What is Measure of Performance?

Answer 2

Measures that characterized physical or functional attributes relating to system operation.

Question 3

Define Method.

Answer 3

A means for achieving on outcome, output, result, or project deliverable.

Question 4

Define Methodology.

Answer 4

A system of practices, techniques, procedures, and rules used by those who work in a discipline.

Question 5

Define Metric.

Answer 5

A description of a project or product attribute and how to measure it.

Question 6

Define Milestone.

Answer 6

A significant point or event in a project, program, or portfolio.

Question 7

What is a Milestone Schedule?

Answer 7

A type of schedule that presents milestones with planned dates.

Question 8

What is MVP? (Minimum Viable Product)

Answer 8

A concept used to define the scope of the first release of a solution to customers by identifying the fewest number of features or requirements that would deliver value.

Question 9

Define Modeling.

Answer 9

Creating simplified representations of systems, solutions, or deliverables, such as prototypes, diagrams or storyboards.

Question 10

Define Monitor.

Answer 10

Collect project performance data, produce performance measures, and report and disseminate performance information.

Question 11

What is Monitoring and Controlling Process Group?

Answer 11

Those processes required to track, review, and regulate the process and performance of the project; identify any areas in which changes to the plan are required; and initiate corresponding changes.

Question 12

What is Monte Carlo Simulation?

Answer 12

A method of identifying the potential impacts of risk and uncertainty using multiple iterations of a computer model to develop a probability distribution of a range of outcomes that could result from a decision or course of action.

Question 13

What is a Mood Chart?

Answer 13

A visualization chart for tracking moods or reactions to identify areas for improvement.

Question 14

What is Multipoint Estimating?

Answer 14

A method used to estimate cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.

Question 15

What is a Net Promoter Score?

Answer 15

AN index that measures the willingness of customers to recommend an organization’s products or services to others.

Question 16

What is a Network Path?

Answer 16

A sequence of activities connected by logical relationships in a project schedule network diagram.

Question 17

Define Objective.

Answer 17

Something toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced, or a service to be performed.

Question 18

Define Opportunity.

Answer 18

A risk that would have a positive effect on one or more project objectives.

Question 19

What is OBS? (Organizational Breakdown Struture)

Answer 19

A hierarchical representation of the project organization, which illustrates the relationship between project activities and the organizational units that will perform those activities.

Question 20

What is OPA? (Organizational Process Assests)

Answer 20

Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.

Question 21

What is Osmotic Communication?

Answer 21

Means of receiving information without direct communication by overhearing and through nonverbal cues.

Question 22

Define Outcome.

Answer 22

An end result or consequence of a process or project.

Question 23

What is Parametric Estimating?

Answer 23

An estimating method in which an algorithm is used to calculate cost or duration based on historical data an project parameters.

Question 24

What is PMB? (Performance Measurement Baseline)

Answer 24

Integrated scope, schedule and cost baselines used for comparison to manage, measure, and control project execution.

Question 25

What is a Phase Gate?

Answer 25

A review at the end of a phase in which a decision is made to continue to he nest phase, to continue with modification, or to end a project or program.

Question 26

Define Plan.

Answer 26

A proposed means of accomplishing something.

Question 27

What is PV? (Planned Value)

Answer 27

The authorized budget assigned to scheduled work.

Question 28

What is Planning Performance Domain?

Answer 28

The performance domain that addresses activities and functions associated with the initial, ongoing, and evolving organization and coordination necessary for delivering project deliverables and results.

Question 29

What is a Planning Process Group?

Answer 29

Those processes 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.

Question 30

Define Portfolio.

Answer 30

Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.