Key Terms

Question 1

project

Answer 1

a temporary endeavor with specific start and end dates; example: developing a new mobile app with defined features, budget, and timeline

Question 2

program

Answer 2

collection of related projects managed together for greater benefits; examples: a digital transformation program including the mobile app project, website redesign, and IT infrastructure upgrade

Question 3

work breakdown structure (wbs)

Answer 3

hierarchical breakdown of project deliverables into smaller, manageable components; broken down into 3 levels
level 1: major deliverables (e.g. software modules)
level 2: sub-deliverables (e.g. User Interface, Database, Security)
level 3: work packages (e.g. login screen, data migration, encryption)

Question 4

critical path

Answer 4

longest sequence of activities determining project duration

Question 4

float

Answer 4

amount of time an activity can be delayed without delaying project completion

Question 5

dependencies

Answer 5

relationships between activities (finish-to-start, start to start, etc)

Question 6

milestones

Answer 6

key project events marking significant achievement

Question 7

risk register

Answer 7

comprehensive document tracking identified risks, responses and owners

Question 8

risk appetite

Answer 8

organization’s willingness to accept uncertain outcomes

Question 9

mitigation series

Answer 9

actions reducing probability (preventative) or impact (corrective)

Question 10

contigency plans

Answer 10

backup plans if risks materialize

Question 11

primary

Answer 11

direct project impact (team members, sponsors, end-users)

Question 12

secondary

Answer 12

indirect impact (regulatory bodies, public)

Question 13

power/interest grid

Answer 13

tools for analyzing engagement needs

Question 14

engagement strategy

Answer 14

tailored communication and management approach

Question 15

scope baseline

Answer 15

approved project scope, deliverables, and exclusions

Question 16

schedule baseline

Answer 16

approved timeline with milestones and dependencies

Question 17

cost baseline

Answer 17

time-phased budget showing planned expenditure

Question 18

performance measurement

Answer 18

comparing actual vs. planned progress

Question 19

CPI>1

Answer 19

under budget

Question 20

CPI<1

Answer 20

over budget

Question 21

SPI>1

Answer 21

ahead of schedule

Question 22

SPI<1

Answer 22

behind schedule

Question 23

quality assurance

Answer 23

process improvement focus

Question 24

quality control

Answer 24

deliverable inspection and testing

Question 25

quality metrics

Answer 25

measurable quality characteristics

Question 26

quality standards

Answer 26

industry or organizational requirements

Question 27

formal channels

Answer 27

official reports, meetings, documentation

Question 28

informal channels

Answer 28

casual conversations, instant messages

Question 29

communication plan

Answer 29

strategy for effective information sharing

Question 30

stakeholder requirements

Answer 30

preferred communication methods and frequency

Question 31

change request

Answer 31

formal proposal for project modifications

Question 32

impact analysis

Answer 32

assessment of change effects on project constraints

Question 33

CCB

Answer 33

authority for approving/rejecting changes

Question 34

change log

Answer 34

tracking and monitoring approved changes

Question 35

change control terms

Answer 35

change request, impact analysis, CCB, change log

Question 36

communication terms

Answer 36

formal channels, informal channels, communication plan, stakeholder requirements

Question 37

quality management terms

Answer 37

quality assurance, quality control, quality metrics, quality standards

Question 38

earned value management (EVM)

Answer 38

CPI>1, CPI<1, SPI>1, SPI<1

Question 39

project baselines terms

Answer 39

scope baseline, schedule baseline, cost baseline, performance baseline

Question 40

stakeholder classification terms

Answer 40

primary, secondary, power/interest grid, engagement strategy

Question 41

risk management terms

Answer 41

risk register, risk appetite, mitigation strategies, contingency plans

Question 42

critical path terms

Answer 42

critical path, float dependencies, milestones