PMP-1 Flashcards
(50 cards)
Parametric Estimating
METRIC - More specific than Analogous Example - A mile of road building takes 2 days….
Analogous Estimating
Historical and uses relative information. It took another team to do this so… Fastest and least accurate method. Done early..
Control Chart
Are used to determine if stable or out of control. Anything below or above the control limits or 7 consecutive points out of mean, product out of control
Communication Management Plan
Describes what information will we be reported, how it will be reported and to who. HOW TO ESCALATE
Stakeholder Engagement Plan
Describes how to identify and engage with stakeholders to gather feedback and expectations.
Contingency Reserve
Allocated funds are reserved ONLY for planned risks
Risk Register
Contains information on each risk/opportunity facing the project and the response plan for each opportunity or threat.
Risk Report
Contains information about the overall project risk and summary information on each risk/opportunity.
Enterprise Environment Factors
Internal and external factors that influence our decisions, usually intangible.
Organizational Process Assets
Internal assets that we use to make decisions. Tangible assets such as Policies, Templates Artifacts.
Minimum Business Increment
Smallest amount of value that can be delivered in the shortest amount of time.
SPRINT
Product Owners identify possible Products from backlog but Team chooses work.
Daily Scrum
Team discuss what they completed, going to work on, and any impediments. Solutions are not discussed.
Sprint Review
Stakeholders are shown MVP and give feedback. Doing this validates scope or doesn’t.
Sprint Retrospective
End of interation, Team manages quality, discuss improvements and improves ways of working.
Salience Model
Ven diagram that helps prioritize stakeholders. More circles, the higher priority.
Stakeholder Engagement vs Communication Management
Stakeholder Engagement is identifying, planning, executing and monitoring whereas communication mgmt is doing.
Resource Breakdown Structure
A graphical representation of resources needed and output of the Resoure Management Plan. Looks like an Organization Chart
Re-Baselining
Change Request is needed to correct after an approved change or condition causes the budget, cost, or schedule to be affected.
PERT Estimate
PERT=(O+(ML×4)+P)/6
Team Charter
A working agreement for the project team and defines how they will work together.
Bottom Up Estimating
Most detailed method of estimating by aggregating the lower components (WBS). It is the longest and most expensive option to do.
Iteration H
Agile - Iteration dedicated to ensure quality and address coding standards.
Agile - Change Requests
Project owner analyzes change requests for impact of project scope and if approved, change goes on Product Backlog.
