Project Management Flashcards Preview

BTMA Finals > Project Management > Flashcards

Flashcards in Project Management Deck (18):
1

Define MOV (3)

- measure of success
- support vision, mission, and strategy
- measurable, provide a value, agreed upon, verifiable (MVAV)

2

Define the project objective (4)

- scope: project work must be completed
- schedule: time
- budget: money
- quality conformance or fitness of use

3

Developing the MOV (6)

- identify the desired area of impact
- customer: new product
- strategic: new market
- financial: increase revenue, lower cost
- operational: efficient/effective
- social: safety

4

Organization value (4)

- better
- faster
- cheaper
- do more

5

Develop the appropriate metric (4)

- set expectation
- provide team with target
- evaluate process
- metric (money, percentage, numeric value)

6

Verify the MOV (2)

- project manager responsible to guide the process while project sponsor to identify metric
- impact (social), value (do more), metric (awareness), time, verify, summarize

7

Define the code (1)

- set of rules that provide the computer to perform

8

What are the type of programming language (4)

- special programming language
- HTML: hyper text markup language
- internet
- brief code called tag in page

9

What language (4)

- HTML/CSS: edit webpage
- Java, C++: build mobile app
- Java Script: webpage interaction
- PHP, Python: store user information

10

Project risk question (3)

- identifiable
- assessment
- response

11

Define project metric (3)

- quantitative measurement of some attribute of project
- scope, schedule, resource, quality, risk
- understandable (intuitive), quantifiable (objective), cost effective (easy), proven (measure), high impact

12

Define burn down chart (2)

- predict when project will be completed
- how the scope, feature or functions are to be completed

13

The project planning framework (1)

- MOV, scope, phase, task (sequence, resource, time)

14

Project measurement system should (4)

- track
- adopt measure
- allow team to gauge its own progress
- designed project team

15

Earned Value concept (4)

- how much of the budget can we spend
- planned value: planned or budget cost of the work schedule of the activity or component of the WBS
- actual cost: cost incurred for completion of activity
- budget at completion: total budget

16

Cost metric (4)

- cost variance (CV): difference between the task component and actual cost
- CV = EV - AC
- cost performance index: (CPI): percentage of work completed per a dollar spent
- CPI = EV / AC

17

Schedule metric (4)

schedule variance (SV): difference between the current progress and the original planned
- SV = EV - PV
- schedule performance index (SPI): ratio of the work performed and the work schedules
- SV = EV/ PV

18

Estimate at completion (EAC) (5)

- either revise the whole budget and start over or project current performance metric
- EAC (typical): continue
- EAC = cumulative AC + ((BC- cumulative EV/ cumulative CPI)
- EAC (atypical): influence
- EAC = cumulative AC + ((BC - cumulative EV / SPI*CPI)