PMP DEFINITIONS Flashcards

1
Q

EV DEFINITION

A

EARNED VALUE =BCWP (BUDGETED COST OF WORK PERFORMED

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2
Q

PV DEFINITION

A

PRESENT VALUE = BCWS (BUDGETED COST OF WORK SCHEDULE)

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3
Q

AC DEFINITION

A

ACTUAL COST = ACWP (ACTUAL WORK PERFORMED)

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4
Q

SPI DEFINITION

A

SCHEDULE PERFORMANCE INDEX

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5
Q

CV DEFINITION

A

COST VARIANCE

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6
Q

SV DEFINITION

A

SCHEDULE VARIANCE

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7
Q

BAC DEFINITION

A

BUDGET AT COMPLETION

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8
Q

CPI DEFINITION

A

COST PERFORMANCE INDEX

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9
Q

EAC DEFINITION

A

ESTIMATE AT COMPLETION

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10
Q

VAC DEFINITION

A

VARIANCE AT COMPLETION

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11
Q

MONTE CARLO TECHNIQUE

A

P. 180
FORECASTING METHOD
HOW AND WHY DIAGRAMS

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12
Q

PARETO CHARTS

A

P.325

USED FOR QUALITY MANAGEMENT

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13
Q

ENTERPRISE ENVIRONMENTAL FACTORS

A

CONDITIONS NOT UNDER THE CONTROL OF THE PROJECT TEAM THAT INFLUENCE, CONSTRAINT OR DIRECT THE PROJECT.

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14
Q

WHAT IS A “PROCESS

A

INTERRELATED ACTIONS/ACTIVITIES PERFORMED TO ACHIEVE A PRE-SPECIFIC PRODUCT OR SERVICE

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15
Q

CONFIDENCE INTERVAL

A

RANGE OF ESTIMATE GIVEN AS A PERCENTAGE

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16
Q

TOTAL FLOAT

A

EARLY STATE + LATE START OR EARLY FINISH DATE AND LATE FINISH DATE

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17
Q

HERZBERG’S MOTIVATION-HYGIENE THEORY

A

MOTIVATIONAL FACTORS GIVE POSITIVE SATISFACTION ARISING FROM THE CONDITION OF THE JOB ITSELF.
RECOGNITION
ACHIEVEMENT
PERSONAL GROWTH.

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18
Q

CRITICAL CHAIN METHOD

A

USED TO PLACE BUFFERS IN THE PROJECT SCHEDULE TO ACCOUNT FOR LIMITED RESOURCES AND PROJECT UNCERTANTIES
P. 178

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19
Q

CRITICAL PATH METHOD

A

WHEN THERE ARE NO RESOURCE LIMITATIONS. THIS METHOD CALCULATES THE EARLY START AND FINISH DATES/LATE START AND FINISH DATES.

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20
Q

HARD LOGIC

A

IN DEVELOP SCHEDULE PROCESS

=MANDATORY DEPENDENCIES

21
Q

SCHEDULE DATA

A

COLLECTION OF INFORMATION FOR DESCRIBING AND CONTROLLING THE SCHEDULE, SCHEDULE MILESTONES, ACTIVITIES AND ACTIVITY ATTRIBUTES

22
Q

FAST TRACKING

A

IMPACTS FUNDS

PARALLEL ACTIVITIES

23
Q

PROJECT EXPEDITER

A

CAN RUN THE PROJECT TEAM BUT CANNOT MAKE OR ENFORCE ANY IMPORTANT PROJECT DECISIONS.
WORKS AS A COMMUNICATION COORDINATOR

24
Q

PROJECT CHARTER

A

CREATED IN THE “INITIAL” STAGES OF THE PROJECT

25
BUSINESS CASE
AN INPUT TO THE DEVELOP PROJECT CHARTER. | PROJECT CHARTER CANNOT BE USED AS A SUBSTITUTE FOR THE BUSINESS CASE
26
PLAN-DO-CHECK-ACT
ASSOCIATED WITH DEMING. | P.229
27
BALANCED MATRIX
FUNCTIONAL AND PM CONTROL PROJECT BUDGET
28
REFERENT POWER
INDIVIDUAL POWER OVER THE TEAM OR FOLLOWERS
29
CONFIGURATION CONTROL FOCUS
FOCUSES ON THE SPECIFICATION OF BOTH THE DELIVERABLES AND PROCESSES
30
CHANGE CONTROL FOCUS
IDENTIFYING, DOCUMENTING AND CONTROLLING CHANGES TO THE PROJECT AND PRODUCT BASELINES
31
DESIGN OF EXPERIMENTS METHOD
IDENTIFIES WHICH FACTORS MAY INFLUENCE SPECIFIC VARIABLES OFA PRODUCT OR PROCESS UNDER DEVELOPMENT OR IN PRODUCTION. SHOULD BE USED DURING THE PLAN QUALITY PROCESS TO DETERMINE THE NUMBER AND TYPE OF TESTS AND THEIR IMPACT OF COST OF QUALITY
32
NOMINAL GROUP TECHNIQUE
ALLOW IDEAS TO BE BRAINSTORM IN SMALL GROUPS THEN REVIEWED BY LARGER GROUPS
33
FORCE FIELD ANALYSIS
DIAGRAMS OF THE FORCES FOR OR AGAINST CHANGE
34
TRIPLE CONSTRAINTS
SCOPE, SCHEDULE, COST | AFFECTS QUALITY
35
CONTROL CHARTS
USED TO DETERMINE WHETHER OR NOT A PROCESS IS STABLE OR PREDICTABLE PERFORMANCE. UPPER AND LOWER SPECIFICATION LIMITS ARE BASED ON REQUIREMENTS THAT ARE DEFINED IN THE CONTRACT. THEY REFLECT THE MAX AND MIN. VARIATIONS ALLOWED.
36
PARETO CHART
ONLY ALLOW YOU TO DISPLAY YOUR CAUSES SORTED BY FREQUENCY BUT IS NO HELP IN IDENTIFYING THE EFFECTS
37
HISTOGRAM
VERTICAL BAR CHART SHOWING HOW OFTEN A PARTICULAR EVENT OCCURS
38
FISHBONE DIAGRAM
CAUSE AND EFFECT DIAGRAM | ALSO KNOWN AS THE ISHAWAKA DIAGRAM
39
PARKINSON'S LAW
WORK EXPANDS SO AS TO FILL THE TIME AVAILABLE FOR ITS COMPLETION. CRITICAL CHAIN METHOD TAKES PARKINSON'S LAW AND SEVERAL OTHER HUMAN BEHAVIOUR THEORIES INTO CONSIDERATION AND OFFERS AN ALTERNATIVE SCHEDULING METHOD USING BUFFERS INSTEAD OF LEADS AND LAGS.
40
SCOPE BASELINE
IT IS AN INPUT TO THE DEFINE ACTIVITIES PROCESS. | DELIVERABLES, CONSTRAINTS AND ASSUMPTIONS ARE CONSIDERED PART OF THE SCOPE BASELINE
41
FREE FLOAT
THE AMOUNT OF TIME THAT AN ACTIVITY CAN BE DELAYED WITHOUT DELAYING THE EARLY START DATE OF ANY IMMEDIATE SUCCESSOR ACTIVITY.
42
SCOPE CREEP
UNCONTROLLED CHANGES IN A PROJECT
43
PERFORMANCE MEASUREMENTS BASELINE
SCOPE, SCHEDULE AND COST BASEILINES ARE COMBINED INTO THIS MEASUREMENT
44
DURATION BUFFERS
ARE NON-WORK SCHEDULE ACTIVITIES | USED TO PROTECT THE TARGET FINISH DATE FROM SLIPPAGE ALONG THE CRITICAL CHAIN
45
PROCESS IMPROVEMENT PLAN
CONTINS PROCESS CONFIGURATION AN PROVIDES A GRAPHIC DEPICTION OF PROCESSES, WITH INTERFACES IDENTIFIED, USED TO FACILITATE ANALYSIS.
46
Keywords for INITIATING PROCESS
* use "develop" for Project Charter only | * Identify
47
Keywords for PLANNING PROCESS
``` plan use "develop" for Project Management PLAN only define create Estimate Sequence activities Identify perform qualitative RISK Peform Quantitave RISK ```
48
Keywords for EXECUTING PROCESS
``` Direct Manage perform Quality assurance acquire conduct coordinating integrating ```
49
Keywords for MONITORING AND CONTROLLING PROCESS
``` Monitor Control validate control Perform with only Integrated changes Track Review Reporting the progress and performance Measuring distributing assessing ```