Practice Needs

Question 1

Phases of Culture Shock

Answer 1

Honeymoon
Irritability and Hostility
Gradual Adjustment
Adaptation

Question 2

Honeymoon Phase

Answer 2

Excitement sets in, the new environment is welcomed

Question 3

Irritability and Hostility

Answer 3

enthusiasm is exhausted, differences are larger than imagined
loss of confidence in yourself and unable to work effectively

Question 4

Gradual Adjustment

Answer 4

Overcome isolation and figure out how to get things done in the new culture and regain confidence

Question 5

Adaptation

Answer 5

Recovered from psychological disorientation and function well in the new culture

Question 6

Types of project closure

Answer 6

Normal
Premature
Perpetual
Failed
Changed Priority

Question 7

Outsourcing

Answer 7

Transferring business functions to other external companies

Question 8

Advantages of outsourcing

Answer 8

Cost Reduction
Faster Project Completion
High level of expertise
Flexibility

Question 9

Disadvantages of outsourcing

Answer 9

Coordination breakdowns
loss of control
Conflict
security issues
political implications (jobs)

Question 10

Earned Value Management

Answer 10

method that combines scope, schedules and resource measurements to asses performance and progress

Cannot measure critical path

Question 11

Sensitive Network

Answer 11

has multiple critical paths

Question 12

Schedule Variance

Answer 12

Difference between planned dollar value of work completed and the value of work supposed to be completed

No critical path info

Question 13

Maturity Model

Answer 13

framework that details different levels of development and performance in an organizations project management practices

Question 14

EV

BCWP

Answer 14

budgeted value of the work completed

earned value

Question 15

PV

BCWS

Answer 15

budgeted cost of work scheduled

planned value

Question 16

AC

ACWP

Answer 16

actual cost of work performed

Question 17

cost variance

Answer 17

EV-AC

Question 18

scheduled variance

Answer 18

EV-PV

Question 19

Project Facilitator

Answer 19

works with team to develop priority of information and who receives it
develops action plans, improves and accountabilities

Question 20

Opportunity

Answer 20

unanticipated event that occurs and is beneficial to the project

Question 21

Management Reserve

Answer 21

a percentage of the total budget reserved for new and unforeseen risks

Question 22

contingency reserve

Answer 22

financial reserves to cover identified risks that may occur and influence time and budget costs

Question 23

mitigating risk

Answer 23

actions taken to reduce the likelihood of a risk occuring

Question 24

SV

Answer 24

schedule variance, potentially the most misleading

Question 25

Customer satisfaction is quantified with

Answer 25

perceived performance divided by expected performance

Question 26

the chief challenge of scaling

Answer 26

integration

Question 27

Planning horizon

Answer 27

quality of estimates is based on this, the farther out the estimate in time, the worse an estimate will be

Question 28

Scrum Phases

Answer 28

``` Focus on Customer Value Iterative and Incremental Delivery Experimentation and Adaptation Self-Organization Servant Leadership Continuous Improvement ```

Question 29

APF Phases

Answer 29

``` Version Scope Cycle Plan Cycle Build Client Checkpoint Post Version Review ```

Question 30

4 Value Statements of APF

Answer 30

individuals and interactions over processes and tools; working software over comprehensive documentation; customer collaboration over contract negotiation; and responding to change over following a plan.

Question 31

Good conditions for top-down estimates

Answer 31

Internal or smaller projects