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Flash Cards - PMP - Def3
Flash Cards - PMP - Def3
definition
The process of estimating the types and amounts of resources The process of identifying and documenting the dependencies
that will be required to perform each schedule activity. among schedule activities.
Actual cost (AC) Assumption
Benchmarking Baseline
A factor that you consider to be true without any proof or The total cost actually incurred until a specific point on the
verification. Can appear in both the input and the output of timescale in performing the work for a project or a
various processes. project activity.
A technique used to examine the validity of an assumption and A technique used to apply nonstandard approaches, such as
thereby identify the risk resulting from the inaccuracy, brainstorming and lateral thinking, to perform project work.
inconsistency, or incompleteness of each assumption.
A communication in which the two communicating entities do A technique used to estimate the duration of an activity based
not have to be present on both ends of the communication line on the duration of a similar activity in a previous project.
at the same time. E-mail is an example
A collection of formal documented procedures that specifies The total budget authorized for performing the project work.
how the project deliverables and documents will be changed, This is the planned budget for the project, the cost that you
controlled, and approved. originally estimated for the project.
A request for deviating from the project plan or related An assertion, demand, or request made by a buyer against the
policies or procedures, such as modifying scope, schedule, seller or vice versa for consideration or compensation under
or cost. May include recommendations for corrective and the terms of a legal contract.
preventive actions.
Close procurements Communication management plan
Contingency Constraint
A document that describes the communications needs and The process used to complete and settle each contract, which
expectations of the project and how these needs and includes resolving any open item and closing each contract
expectations will be met. applicable to the project.
Controlling the characteristics of a product, a service, or a A numbering system used to uniquely identify each
result of a project. component of a WBS.
A restriction (or a limitation) that can affect the performance A future event or condition that is possible but cannot be
of the project. Can appear in both the input and the output of predicted with certainty.
various processes.
Contingency reserve Control account
Contract Control chart
Control COQ
A chart or diagram used to monitor whether the variance of a Athat mutually binding agreement between a buyer and a seller
specified variable is within the acceptable limits dictated by service,obligates the seller to provide the specified product,
or result and obligates the buyer to make the payment
quality control. for it.
Actions recommended for execution in the future in order to The planned budget for the project over a time period,
bring project performance back in line with the project used as a basis against which to monitor, control, and measure
management plan. the cost performance of the project.
Cost performance index (CPI) CPIF
CPFF Crashing
The longest path (sequence of activities) in a A schedule network analysis technique used to identify the
project schedule network diagram. it determines the duration schedule flexibility and the critical path of the project
of the project. schedule network diagram.
Decision tree analysis Defect
Decode Deliverable
A unique and verifiable product, a capability to provide a To convert the received message from the media back into
service, or a result that must be produced to complete a project useful ideas and thoughts.
or a process or phase of the project.
An information gathering technique used for experts to reach a A planning technique to subdivide the project scope, including
consensus while sharing their ideas and preferences deliverables, into smaller, manageable tasks called work
anonymously. packages.
Estimate at completion (EAC) at budgeted rate Estimate to complete (ETC) at present CPI
The expected cost, estimated by assuming the future The estimate from the current point in time of how much it
performance will be at the current CPI, to complete the will cost to complete the entire project or an entire project
remaining work for the project or for a project activity. activity for which the BAC is given.
A statistical technique used to calculate the expected outcome A statistical method that can be used to identify the factors
when there are multiple possible outcome values with that can influence a set of specific variables of a product or a
probabilities assigned to them. process under development or in production.
Fairness Flowchart
Fast tracking FP
The positive difference between the late start date and the
A bar chart that shows a distribution of variables. early start date of a schedule activity.
The policy of understanding the truth based on facts and A document that describes roles and responsibilities, reporting
acting in a truthful manner both in communication and in relationships among the roles, and staffing management.
conduct.
Initiating process group Issue log
Issue Lag
A knowledge area in project management is defined by its A technique to examine whether an activity, component,
knowledge requirements related to managing a specific aspect product, service, or result conforms to specific requirements.
of a project, such as cost, by using a set of processes.
Thinking outside the box, beyond the realm of your A technique to modify a dependency relationship by
experience, to search for new solutions and methods, rather accelerating the successor activity.
than only better uses of the current solutions and methods.
Logical relationship Milestone
Methodology Model
A set of rules to describe how something works, which takes A system of procedures and techniques practiced in a
input and makes predictions as output. discipline to accomplish a task.
To collect project performance information/data as planned, To track identified risks, identify new risks, monitor residual
convert the information to performance measurements, and risks, implement risk response plans, and evaluate risk
report the performance. management processes.
Monte Carlo simulation Parametric estimating
A technique used to construct a project schedule network A WBS component that is below the control account that has
diagram in which a node (a box) represents an activity and an well defined work content but does not yet have a detailed
arrow represents the dependency relationship. schedule.
Directions to perform an activity that will reduce the A set of interrelated activities performed to obtain a specified
probability of negative consequences associated with project set of products, results, or services.
risks.
Process analysis Procurements
An execution of a set of processes used to obtain products, Refers to obtaining (purchasing or renting) products, services,
services, or results from outside the project team to complete or results from outside the project team to complete the
the project. project.
A document that describes how procurements will be Features and functions that characterize a product, service, or
managed. result to be delivered by the project.
Program Progressive elaboration
A calendar of working days or shifts used to establish when a The centralized coordinated management of a specific
schedule activity can be performed. program to achieve its strategic goals, objectives, and benefits.
A document that states the initial requirements to satisfy the An entity in an organization that is responsible for providing
stakeholders’ needs and expectations and also formally centralized coordinated support to the program managers
authorizes the project. managing programs and unrelated projects.
The work that must be performed (and only that work) to Changes applied to the project scope without going through
deliver products, services, or results with specified features the approval process, such as the integrated change control
that were promised by the project. process.
Project scope statement Quality audit
A criterion that specifies the quality objectives for the project A process used to prioritize risks by estimating the probability
and thereby makes the basis for measuring and reporting the of their occurrence and their impact on the project.
quality performance.
Monitoring results of executing quality related activities and The degree to which a set of characteristics of project
recommending necessary changes and actions to conform with deliverables and objectives fulfills the project requirements.
the quality plans.
A management plan that describes how the project An operational criterion that defines in specific terms what
management team will implement the quality policy of the something (such as a characteristic or a feature) is and how the
performing organization for the specific project. quality control process measures it.
Quality planning RAM
A hierarchical structure of resource types required to complete A behavior of showing high regard for yourself, the people
the schedule activities of a project. you are dealing with, and the resources entrusted to you.
Responsibility Risk identification
A document that describes how risk management will be An uncertain event or condition that, if it occurs, has a
structured and performed for the project at hand. It becomes positive or negative effect on meeting the project objectives.
part of the project management plan.
A process used to determine how to approach, plan, and A hierarchical structure that breaks down the identified risk
execute risk management activities for a given project. This categories into subcategories.
process produces the risk management plan.
A document that contains the results of risk analysis and risk An alert that indicates a risk event has occurred or is about to
response planning. occur.
Role Scatter diagram
A specific version of the project schedule developed from the A chart that shows the history and pattern of variations.
schedule network analysis and the schedule model data.
The process of creating the project schedule by analyzing A significant event in the project schedule, such as the
schedule activity sequences, schedule activity durations, completion of a major deliverable.
resource requirements, and schedule constraints.
Schedule network analysis Scope baseline
The process used to develop the detailed project scope A measure of the schedule efficiency of a project calculated
statement. by dividing earned value (EV) by planned value (PV).
The process of developing the project scope management An update to the project schedule that includes changing the
plan. project start date, end date, or both.
A risk that arises as a result of implementing a risk response. Any analytical method used to imitate a real life system.
SOX compliance Stakeholder register
A document that describes the products or services to be A document that describes when and how human resource
delivered by the project. It is an input to developing the requirements for a project will be met.
project charter and the preliminary project scope statement.
A technique used to gather information for risk identification Parts of the main projects that are independent enough that
by examining a given project from the perspectives of its each can be performed by separate project teams.
strengths, weaknesses, opportunities, and threats.
Synchronous communication Variance analysis
The process of formally accepting the completed project Time and material
deliverables.
A team of members working on the same project with few or A measurable deviation in the value of a project variable, such
no face to face meetings. as cost from a known baseline or expected value.
Mathematical models used to determine the likelihood of Measurement of time when the work is in progress
project's success.
Ex. Microsoft Project. Helps PM make decisions and track Benefit/cost ratio
project progress.
IRR Group creativity technique
Model of finished deliverable that allows the stakeholder to Collection of stakeholders that interacts with a trained
see how the final deliverable may operate. moderator
Prototype that details software development in great detail Prototype that shows broad view of deliverable
Context diagram
Grade
Shows components of project and how they will interact