Week 8 - Project Management Flashcards
Define project
A set of interconnecting activities which must be completed by an agreed time within an agreed budget, to an agreed specification.
What is the scope of a project
Agreement on what will and will not be done in the project
What are some options for quality in a project?
Budget product (low budget)
High end product (high budget)
Why is planning necessary?
Decreses long term difficulty and reduces uncertainty - sets common direction in team.
what is a gantt chart?
Chart that shows timeline of planned and completed events in a project.
What is a risk
An event that might happen and in so doing affect the achievement of objectives. It will likely cause negative impact.
What are the 4 roles in risk management, and what do they do?
Risk originator - person who identifies the risk
Project Manager - validates supplied information, and ensures the assessment is up to date and correct
Risk owner - Appointed by PM to manage the risk - provides assessments and plans to combat the risk
Response owner - charged with execution of a specific task within the response plan. reports progress.
What are the two measures used to quantify risks?
Probability
Impact
A critical risk would have:
a) high probability and impact
b) low probability and impact
c) high impact, low probability
d) low impact, high probability
high probability and impact
A medium risk would have:
a) high probability and impact
b) low probability and impact
c) high impact, low probability
d) low impact, high probability
high probability, low impact
A high risk would have:
a) high probability and impact
b) low probability and impact
c) high impact, low probability
d) low impact, high probability
low probability, high impact
A low risk would have:
a) high probability and impact
b) low probability and impact
c) high impact, low probability
d) low impact, high probability
Low probability and impact
What is project closure
When the client tests and verifies the product conforms to the specification, using agreed testing methodology. Usually official final documentation.
What are the four main types of methodology?
Traditional/Waterfall
Agile
Extreme
Emertxe
Which methodology is used with:
Very clear goals
and
Very clear solutions
Traditional/Waterfall
