Professional Documents
Culture Documents
1a
previous project documents that were
archived for future reference; documents
include contracts, invoices, bills, project
plans, meeting minutes, lessons learned,
peer reviews and all organizational
process assets pertaining to the project
1b
Binomial Distribution
2a
used with events or
occurrences that have two
outcomes
2b
Chi-square distribution
3a
named after the Greek letter
Chi, and is used for hypothesis
testing and helps determine
the distribution of a sample
variance
3b
cost management plan
4a
an input to all other cost management processes
because it commonly consists of the plans, guidance,
and descriptions on how to best approach or
perform the other cost management processes;
contents include: Units of measure, Levels of
precision, Levels of accuracy, Organizational
procedures and their locations; a few of particular
importance to the next process that we are going to
discuss are: Control thresholds, Rules of performance
measurement, and Reporting formats
4b
Delphi technique
5a
used to gain consensus among
a team of experts; within this
technique, experts participate
anonymously and are asked a
series of questions provided
by a facilitator 5b
distribution
6a
(Student's t) used to estimate a
degree of confidence when
the variance of a population is
not known and the sample size
is not large
6b
enterprise environmental
factors
7a
internal or external factors
based on an organization's
culture that can impact,
negatively or positively,
project management options
7b
Expected Monetary Value
Analysis
8a
a statistical concept that
calculates the average
outcome when future activities
include scenarios that may or
may not happen
8b
expert judgment
9a
knowledge functioning as a
project management tool that
aids the project manager and
project team by providing
necessary details and skills on
different subject matters 9b
The Gartner Group
10a
a company that provides
information and analysis
relevant to technology
10b
historical information
11a
knowledge base information
such as lessons learned,
project records and all related
documentation and
appendices
11b
impact
12a
estimates the severity and
magnitude of a potential gain
or loss
12b
life cycle
13a
focuses on the entire process
of building project deliverables
13b
organizational process assets
14a
an accumulation of tools,
processes, and techniques that
are retained by the business in
order to standardize processes
and practices
14b
Perform Risk Analysis
15a
the process of prioritizing risks
for further analysis or action
by combining and assessing
the probability and impact of
risks occurrence
15b
poisson distribution
16a
used to determine the random
occurrence of a project
constraint such as a period of
time or an event
16b
probability
17a
measures the likelihood that an
opportunity or threat identified in the risk
register will occur and is expressed as
either a numerical value or a ranking
which is traditionally High, Moderate, or
Low
17b
probability and impact matrix
18a
identifies and helps prioritize
risks for quantitative analysis
and response planning
18b
Program Evaluation and
Review Technique
19a
(PERT technique) uses expected value—or
weighted average—of critical path tasks to
determine project duration by establishing
three estimates: most likely, pessimistic, and
optimistic; the formula for PERT is optimistic
+ pessimistic + (4 * most likely) / 6. PERT is
used when activity duration estimates are
highly uncertain
19b
project manager
20a
the individual charged with managing a
temporary endeavor from beginning to
end who monitors project progress and
ensures that project activities stay on
task, under budget, and finishes on time
20b
qualitative risk analysis
21a
the process of prioritizing risks
for further analysis and action;
it combines risks and their
probability of occurrences and
ranks them accordingly
21b
quantitative risk analysis
22a
has results that may be based upon
mathematical formulas, simulation
methods and statistical analysis; this
analysis type goes through the usual
process practice of generating inputs and
applying those inputs to tools and
techniques to generate project artifacts
or project document updates 22b
Rayleigh Distribution
23a
illustrates asymmetrically all
positive outcomes; outcomes
typically cluster around a
value identified to be a most
likely outcome
23b
risk
24a
refers to the potential external
events that will negatively
impact a project's progress
24b
risk data quality assessment
25a
evaluates the degree of
relevance and applicability risk
information gathered has to
project deliverables
25b
risk management plan
26a
part of the overall Project Management
Plan, provides guidance, sets the tone for
risk-related activities, and informs
stakeholders and project team members;
this plan ensures the degree, type and
visibility are in line with organizational
expectations
26b
risk register
27a
the source of all identified or
known risks subject to analysis; it
contains information at the activity
level that provides a
comprehensive line-item view of
risks that pertain to an activity
27b
Risk Score or Exposure
28a
measures the overall threat of
the risk; it combines the
probability and the impact into
a single number value
28b
risk urgency assessment
29a
a prioritization technique
predicated on time
29b
schedule management plan
30a
used to identify risks associated
with project development,
especially predecessors and
successors, and how risk can
impact their ability to meet a
project's critical path
30b
scope baseline
31a
incorporates project assumptions into the
scope of a project; it contributes to the
development of the project Work
Breakdown Structure which, in turn, can
serve as an analytical tool to help
determine risk at the summary, control
account, and work package levels
31b
sensitivity analysis
32a
used to determine risks with the
highest potential to impact a
project, also enables the project
team to determine how variations
to project objectives correlate with
variations in different uncertainties
32b
stakeholders
33a
identified individuals who have
influence and impact in a
project's outcome; they can
either be internal or external
to an organization
33b
tornado diagram
34a
appropriately named because
its appearance resembles the
final of a tornado; it is simply a
bar chart used for comparative
analysis
34b
Triangular Distribution
35a
a statistical distribution that increases linearly
from a minimum to a maximum based upon an
arbitrary value of "X", and then decreases from
the maximum to a minimum; "A" is defined as
the minimum, "C" is defined as the peak and "B"
is defined as the maximum; the triangular
distribution provides the project team with a
probability density for each value of X
35b
work breakdown structure
36a
(WBS) gives the project manager and team the
ability to decompose project-based features
to their lowest elements that can be
monitored, managed, measured, and delivered
upon; details developed within the WBS
permit the project manager to determine the
project's critical path and schedule, and
provide a tool to develop and deliver project
metrics
36b
work package
37a
a specific task that is part of a
project's Work Breakdown
Structure
37b