PMP EXAM

500
FLASHCARDS
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Bas Co
har t elin
Gantt C e Qu st o Disc
al f reti
(CO ity D ep ona
Sum Q) e nd ry
Activ mary e nc
ity Activ y
Splitti ity
ng
PART
5 of 5
By Jonathan Donado
 About me

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Jonathan Donado
Linkedin.com/in/jonathandonado
Bilingual senior general management
executive with expertise in international
business and Mergers & Acquisitions (M&A) www.branded.me/jonathandonado
o Education:
- Senior Executive Fellow – Harvard University
- MBA – IESE

o Certifications:
- Six Sigma Black Belt (CSSBB) – ASQ Certified
- Agile (ACP) – PMI Certified

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 A date used to
constrain the start or
finish of an activity.
Target Date The type of constraint
is identified by an
alignment type

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 Creating an encouraging
environment for
Team stakeholders to contribute,
and developing the project
Development team into afunctional group
that enhances project
outcomes

JONATHAN DONADO Linkedin.com/in/jonathandonado

 The product
Technical characteristics that are
required for the product
Requirements to perform the
functional requirements

JONATHAN DONADO Linkedin.com/in/jonathandonado

 1) Initiating
The 5 Process 2) Planning
3) Executing
Groups 4) Monitoring &Control
5) Closing

JONATHAN DONADO Linkedin.com/in/jonathandonado

 A risk that would have
a negative effect on
Threat one or more project
objectives

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 A technique used to
estimate cost or duration by
applying an average or
Three-Point weighted average of
optimistic, pessimistic, and
Estimating most likely estimates when
there is uncertainty with the
individual activity estimates

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 A contract based on a
unit rate such as an
Time and hourly wage plus
reimbursement for
Material materials or other
Contract expenses incurred

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 The calendar date that
separates actual
Timenow Date (historical) data from
future (scheduled) data

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 Calculation of the time
required to complete an
activity or the project. It
may be obtained by
Time Estimate analogous estimating,
expert judgment or by using
an equation to calculate the
duration of the activity

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 A measure of the cost
performance that is achieved
with the remaining resources
To-Complete in order to meet a specified
management goal, expressed
Performance as the ratio of the cost to
finish the outstanding work to
Index (TCPI) the remaining budget
Explanation: The performance that must be achieved during the
remaining project to meet stated goals

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 A technique for estimating
the duration or cost based on
historical data from a similar
activity or project.
Top-Down A percentage of the similar
project’s total cost may be
Estimating added to–or subtracted from–
the total, depending on the
size of the current project.
Also known as Analogous
estimating

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 The amount of time that a
schedule activity can be
Total Float delayed or extended from
its early start date without
(TF) delaying the project finish
date or violating a schedule
constraint

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 A tool for showing the
systematic breakdown of
concepts or issues. Used a
quality management tool.
Tree Diagram Also a generic term for
breakdown structures such as
work breakdown structure
and organizational breakdown
structure

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 An analytical technique
that uses mathematical
Trend Analysis models to forecast future
outcomes based on
historical results

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 An event or situation
Trigger that indicates that a
risk is about to occur

JONATHAN DONADO Linkedin.com/in/jonathandonado

 The link between the
Triple Constraint project constraints of
time, cost and quality

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 A theory that describes
Tuckman’s 5- the 5 stages that a
team goes through:
Stage of Team forming, storming,
Development norming, performing,
and adjourning

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 Sample: The contractor is
paid a preset amount per unit
of service (for example $60
Unit Price per hour for professional
services or $1.09 per cubic
Contract yard of earth removed) and
the total value of the contract
is a function of the quantities
needed to complete the work

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Validated A change that has been
acted on and checked
Change for accuracy

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 Process of formalizing
acceptance of the
Validate Scope completed project
deliverables

JONATHAN DONADO Linkedin.com/in/jonathandonado

 Creative approach used to
optimized project Life-Cycle
Value costs, save time, improve
quality, solve problems, or
Engineering use resources more
effectively

JONATHAN DONADO Linkedin.com/in/jonathandonado

 The difference
Variance between actual and
planned values

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 A technique for determining
the cause and degree of
difference between the
Variance baseline and actual
performance. See also cost
Analysis variance (CV), schedule
variance (SV), and variance
at completion

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 A projection of the amount
Variance at of budget deficit or surplus,
expressed as the difference
Completion between the budget at

(VAC) completion and the

estimate at completion

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 A deliverable that has
previously been verified and
Verified has been checked with
stakeholders to make sure
Deliverable that it meets stakeholders’
requirements and
expectations

JONATHAN DONADO Linkedin.com/in/jonathandonado

 Individuals in different
reporting structures,
departments, locations or
Virtual Team organizations working
together on the same
project

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 A theory stating that the
expectation of receiving a
Vroom’s reward for a certain
accomplishment will
Expectancy motivate people to work
harder, but this work only if
Theory the accomplishment is
perceived to be achievable

JONATHAN DONADO Linkedin.com/in/jonathandonado

 A room where team
members can work on
project activities with a
War Room minimum of external
interference, which helps
create a project identity
in matrix organizations

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 A document that
provides detailed
deliverable, activity, and
WBS Dictionary scheduling information
about each component in
the Work Breakdown
Structure (WBS)

JONATHAN DONADO Linkedin.com/in/jonathandonado

 A type of matrix
organization in which the
functional manager has
Weak Matrix much power and
authority than a project
manager

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 A mathematical average by
calculated by adding a set of
numbers and prescribing
Weighted different weights to each of
them, and then dividing by
Average the sum of the weights
given. It is used to calculate
3-point estimates

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 A method of estimating
earned value in which the
Weighted budget value of a work
package is divided into
Milestone measurable segments, each

Method ending with a milestone

that is assigned a weighted
budget value

JONATHAN DONADO Linkedin.com/in/jonathandonado

 The process of
evaluating scenarios in
What-if Scenario order to predict their
Analysis effect on project
objectives

JONATHAN DONADO Linkedin.com/in/jonathandonado

 An immediate and
temporary response to an
issue for which a prior
Workaround response had not been
planned or was not
effective

JONATHAN DONADO Linkedin.com/in/jonathandonado

 Procedure for definition
Work how project work will be
authorized, ensures work
Authorization is done at the right time,
System by the right organization,
and in the right sequence

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 A hierarchical
decomposition of the
total scope of work to be
Work Breakdown carried out by the project
team to accomplish the
Structure (WBS) project objectives and
create the required
deliverables

JONATHAN DONADO Linkedin.com/in/jonathandonado

 Work The raw data gathered
Performance as part of observations
and inspections
Data

JONATHAN DONADO Linkedin.com/in/jonathandonado

 Work The representation of
the work performance
Performance information to
Reports stakeholders

JONATHAN DONADO Linkedin.com/in/jonathandonado

 The number of hours that
it would take a person to
Work Effort complete an activity if
they worked only on that
activity

JONATHAN DONADO Linkedin.com/in/jonathandonado

 The work defined at the
lowest level of the Work
Breakdown Structure
Work Package (WBS) for which cost and
duration can be
estimated and managed

JONATHAN DONADO Linkedin.com/in/jonathandonado

 One or more pairs of
on/off working times
Workshift that define the valid
working periods within
a single day

JONATHAN DONADO Linkedin.com/in/jonathandonado

 Connect with me

If you like the Flashcards, please give

a ”Like” in SlideShare. It’s much
appreciated !

Twitter.com/donadosays

Jonathan Donado
Linkedin.com/in/jonathandonado
Bilingual senior general management
executive with expertise in international
business and Mergers & Acquisitions (M&A) www.branded.me/jonathandonado
o Education:
- Senior Executive Fellow – Harvard University
- MBA – IESE

o
-
Certifications: > Check my other Project Management presentations on SlideShare <
Six Sigma Black Belt (CSSBB) – ASQ Certified
- Agile (ACP) – PMI Certified
THANK YOU
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