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CAPM-PMI > Section 9 : Project controls of predictive, Plan-Based Projects > Flashcards

Section 9 : Project controls of predictive, Plan-Based Projects Flashcards

1
Q

What do you monitor and control ?

A

Scope, time, cost, quality, risk

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2
Q

What is project controls within a predictive, plan-based projects ?

A
  • Stay on track
  • Completed successfully – definition of done
  • Completed within predetermined timeframe and budget
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3
Q

What are the project control activities .

A
  • Developing a detailed project schedule and budget
  • Tracking progress and resource utilization against the plan
  • Identifying and managing risks
  • Making changes to the project plan as needed
  • Generating regular reports on the progress of the project
  • Reviewing and updating the project plan as the project progresses
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4
Q

What are the document projects controls of a predictive, plan-based projects ?

A
  • Establish project control procedures
  • Document the project controls
  • Use project management software
  • Create reports
  • Review and update the project plan
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5
Q

How to establish project control procedure ?

A
  • How progress will be monitored
  • How changes will be managed
  • How risks will be identified and addressed
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6
Q

What is the project control plan ?

A
  • Create a written plan outlining the project control procedures
  • Included in the overall project management plan
  • Reviewed and updated regularly
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7
Q

What are the project management software helps for ?

A
  • Track progress
  • Manage changes
  • Create project schedules
  • Track budget and resource utilization
  • Identify potential risks and issues
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8
Q

What do you include in reports ?

A
  • Budget
  • Schedule
  • Quality
  • Risks
  • Issues
  • Variances
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9
Q

What is a cost variance ?

A
  • A measure of how the actual cost of a project compares to the budgeted cost
  • If the result is positive, then the project is over budget
  • If the result is negative, then the project is under budget
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10
Q

How do you measure project performance ?

A
  • Earned Value Management
  • Forecast
  • Measure performance
  • Suite of formulas
  • A few questions
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11
Q

Draw the earn value explanation with the calculation of earned value and planned value ?

A
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12
Q

Calculate the cost variance and the schedule variance ?

A
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13
Q

Calculate the Cost Performance Index ? Schedule Performance Index ? Using the example ?

A
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14
Q

What is the estimate completion ? Estimate to complete ?

A
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15
Q

What is the sucked cost ?

A

It is the money we already putted in the project

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16
Q

What is EAC : Current cost performance ?

A
  • Estimate at Completion (EAC)
  • Future work at planned costs formula
  • Forecasts final project costs based on current performance
  • AC+(BAC–EV) if we continue as planned or BAC/CPI if the delays keep on
17
Q

What are the SPI and CPI factors ?

A
18
Q

What is the TCPI ? (To-Complete Performance Index)

A
19
Q

Give us an example (1) ? of the TCPI Calculation using the example ?

A
20
Q

Give us the (2) example ? of the TCPI Calculating using the example ?

A
21
Q

What is artifacts ?

A
  • A document or other tangible item that is created or used during the project
  • Artifacts can be used for all parts of project management
  • Provide a record of the project’s progress
  • Decisions about how to best manage the project moving forward
  • Organizational process asset
  • Historical information
22
Q

What are the artifacts used in a predictive, plan-based projects ?

A
  • Project charter
  • Project plan
  • Gantt chart
  • Work breakdown structure (WBS) * Risk register
  • Change request log
  • Status report
  • Budget and cost management plan
23
Q

What does the project charter contains ?

A
  • Goals
  • Stakeholders
  • Key deliverables
24
Q

What contains the project plan ?

A
  • Tasks
  • Resources
  • Timeline
  • Goals/Objectives
  • KPIs
25
Q

What contains a gantt chart ?

A
  • Start and end dates of each task
  • How tasks relate to one another
26
Q

What does the risk register contains ?

A
  • Identification
  • Assessment
  • Management
27
Q

What does the change request log contains ?

A
  • The reason for the change
  • The impact on the project
  • Any necessary approvals
28
Q

What does the status report contains ?

A
  • Completed tasks
  • Ongoing tasks
  • Issues
  • Challenges
29
Q

What does the budget cost management plan contains ?

A
  • The project budget
  • How costs will be tracked and managed

CAPM-PMI (21 decks)

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