Module 18 Terms

Question 1

Project Charter

Answer 1

.The project charter’s most important function is that it authorizes the project. It is, essentially, the contract document showing the agreement by the key stakeholders. Without this, no work on the project can occur. The project charter is a relatively brief document that provides a very high-level view of what the project entails.

Project charters often contain:

Project name
Sponsor name
Project manager name
Simple, yet precise, statement of the project
Objective
Scope
Performance measures
Major milestones
Major deliverables
Assumptions
Constraints
Business need met
Signatures of authorized representatives to acknowledge approval of the project charter

Question 2

Product Scope

Answer 2

.

Question 3

Product Scope

Answer 3

.The term product scope is used to describe the portion of the scope statement that defines the features and functions of the project outcome or deliverables. This is often equated to the “what” of project management, meaning “what will the project create?”

Question 4

Make/Buy Decision

Answer 4

Deciding whether it would be better to make or buy a product or certain parts of a product yourself. (ex: hiring craftsman or buying from a craftsman) Cost is a large factor in this decision

Question 5

Project Requirements

Answer 5

A project requirement is a characteristic, function, or capability that must be present in the project final outcome. The requirements are collected by the project team during the planning phase. Depending on the complexity of the project, the requirements can be extensive. Requirements come from the project stakeholders and will be used to create the project scope statement.

Question 6

Requirements Traceability Matrix

Answer 6

It includes the requirement, but it also identifies the business need that will be satisfied and the specific stakeholder who provided the requirement. The matrix can be expanded to include the name of a project team member who will be responsible for meeting the requirement, how the required outcome will be verified, and other pertinent information.

The project deliverables come from the stakeholder requirements identified in the Requirements Traceability Matrix.

Question 7

Project Deliverables

Answer 7

Project deliverables are the features and functions of the project outcome that form the product scope. Recall that these describe what the project will create. Depending on the complexity of the project, the outcome may include several distinct and verifiable deliverables. The term is also used to describe the verifiable outcomes of a specific work activity (intermediate deliverables), which will contribute to the overall project outcomes.

Question 8

Resource Responsibility Matrix

Answer 8

The required items of education, experience, skills, and abilities are dependent on the specific roles and responsibilities of each project team member. For these roles and responsibilities to be determined, first the project scope and project requirements must be defined. From this, the resources needed are identified and the roles and responsibilities are detailed in a Resource Responsibility Matrix.

Question 9

Histogram

Answer 9

A histogram is a graph of a frequency distribution in which rectangles with bases on the horizontal axis are given widths equal to the class intervals and heights equal to the corresponding frequencies.

Question 10

Resource Levelling

Answer 10

As the name implies, resource leveling is the act of leveling the amount of resources needed to be constant over a period of time. Leveling is used in project management to minimize the confusion on the project (resources being constantly added and subtracted) and to rectify situations where resources are being assigned to more work in a period than they can realistically complete.

Question 11

KSA

Answer 11

knowledge, skills, and abilities