Study Guide Definitions

Question 1

Includes description, point of contact and dates of action

Answer 1

Action Item

Question 2

The number which represents the average cost of the project by hour, day, or week.

Answer 2

Burn Rate

Question 3

A plan that identifies key assumptions, beyond the project manager’s control, and their probability of occurrence. The plan identifies alternative strategies for achieving the project success. It is considered part of risk management.

Answer 3

Contingency Plan

Question 4

A project element that is considered a unit for the purpose of configuration management. This includes such items as software modules, version of software system, the project design document, and the project plans.

Answer 4

Control Item

Question 5

A process that provides a mechanism to document, research and resolved issues that arise during t project planning and execution.

Answer 5

Issue Management

Question 6

A valuable closure mechanism for team members regardless of the project’s success. Includes
- Project Team
- Stakeholder representation – including external project oversight
- Executive Management
- Maintenance and Operation Staff

Answer 6

Lessons Learned

Question 7

A significant event in the project (key item or key event).

Answer 7

Milestone

Question 8

The act of defining strategies in terms of scope, budget, schedule, or quality to reduce uncertainty on the project.

Answer 8

Mitigation

Question 9

PERT

Answer 9

Program Evaluation and Review Technique. Communicates project critical path. Can also be used to estimate the range of potential costs and timeframes of any given project.

Question 10

PIER

Answer 10

Post Implementation Evaluation Report. A report generated during close-out activities. Documents lessons learned

Question 11

Developed during the concept phase and finalized in the planning phase. Includes
- Business problem
- Statement of work
- Objectives
- Success factors
- Project dependencies
- constraints

Answer 11

Project Charter

Question 12

A graphical representation of predicted tasks, milestones, dependencies, resource requirements, task duration, and deadlines.

Answer 12

Project Schedule

Question 13

During start-up the project manager assesses the skills of the available people for the project.

Answer 13

Project Staffing

Question 14

Scope, definition, and objectives. Defines the project charter. High level approach
First task in the definition phase.

Answer 14

Project Statement

Question 15

Planned and systematic process for evaluating the satisfaction of the project.

Answer 15

Quality Plan

Question 16

Systematically determining the impact of identified risks on the project.

Answer 16

Risk Analysis

Question 17

Implementing an alternative series of task to accomplish a specific objective. Often done to get a project back on schedule. Generally raises the overall cost of the project. Only for activities on the critical path.

Answer 17

Crashing

Question 18

Activities or phases normally done in sequence are performed in parallel for at least a portion of the project. Risk is increased and rework may result. Only works if activities can be overlapped to shorten the project duration.

Answer 18

Fast Tracking