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DiscretionaryDependency
Cost ofQuality (COQ)
Summary Activity
Baseline
ActivitySplitting
Gantt Chart
PMP EXAM FLASHCARDS
By Jonathan Donado
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PART 5 of
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Bilingual senior general management executive with expertise in international
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o Education: - Senior Executive Fellow – Harvard University- MBA – IESE
o Certifications:- Six Sigma Black Belt (CSSBB) – ASQ Certified- Agile (ACP) – PMI Certified
Jonathan Donado
Target Date
A date used to constrain the start or finish of an activity.
The type of constraint is identified by an
alignment type
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Team Development
Creating an encouraging environment for
stakeholders to contribute, and developing the project team into afunctional group
that enhances project outcomes
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Technical Requirements
The product characteristics that are
required for the product to perform the
functional requirements
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The 5 Process Groups
1) Initiating2) Planning3) Executing4) Monitoring &Control5) Closing
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Threat
A risk that would have a negative effect on one or more project
objectives
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Three-PointEstimating
A technique used to estimate cost or duration by
applying an average or weighted average of
optimistic, pessimistic, and most likely estimates when
there is uncertainty with the individual activity estimates
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Time and Material Contract
A contract based on a unit rate such as an
hourly wage plus reimbursement for materials or other expenses incurred
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Timenow DateThe calendar date that
separates actual (historical) data from
future (scheduled) data
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Time Estimate
Calculation of the time required to complete an activity or the project. It
may be obtained by analogous estimating,
expert judgment or by using an equation to calculate the
duration of the activity
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To-CompletePerformance Index (TCPI)
A measure of the cost performance that is achieved with the remaining resources in order to meet a specified
management goal, expressed as the ratio of the cost to
finish the outstanding work to the remaining budget
Explanation: The performance that must be achieved during the remaining project to meet stated goals
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Top-DownEstimating
A technique for estimating the duration or cost based on historical data from a similar
activity or project. A percentage of the similar project’s total cost may be
added to–or subtracted from–the total, depending on the size of the current project. Also known as Analogous
estimating
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Total Float(TF)
The amount of time that a schedule activity can be
delayed or extended from its early start date without delaying the project finish
date or violating a schedule constraint
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Tree Diagram
A tool for showing the systematic breakdown of
concepts or issues. Used a quality management tool.
Also a generic term for breakdown structures such as
work breakdown structure and organizational breakdown
structure
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Trend Analysis
An analytical technique that uses mathematical
models to forecast future outcomes based on
historical results
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Trigger
An event or situation that indicates that a
risk is about to occur
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Triple Constraint
The link between the project constraints of time, cost and quality
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Tuckman’s 5-Stage of Team Development
A theory that describes the 5 stages that a
team goes through: forming, storming,
norming, performing, and adjourning
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Unit Price Contract
Sample: The contractor is paid a preset amount per unit
of service (for example $60 per hour for professional
services or $1.09 per cubic 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 Change
A change that has been acted on and checked
for accuracy
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Validate Scope
Process of formalizing acceptance of the completed project
deliverables
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ValueEngineering
Creative approach used to optimized project Life-Cycle
costs, save time, improve quality, solve problems, or
use resources more effectively
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Variance
The difference between actual and
planned values
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VarianceAnalysis
A technique for determining the cause and degree of difference between the
baseline and actual performance. See also cost
variance (CV), schedule variance (SV), and variance
at completion
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Variance at Completion
(VAC)
A projection of the amount of budget deficit or surplus, expressed as the difference
between the budget at completion and the
estimate at completion
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Verified Deliverable
A deliverable that has previously been verified and
has been checked with stakeholders to make sure that it meets stakeholders’
requirements and expectations
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Virtual Team
Individuals in different reporting structures,
departments, locations or organizations working together on the same
project
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Vroom’s Expectancy
Theory
A theory stating that the expectation of receiving a
reward for a certain accomplishment will
motivate people to work harder, but this work only if
the accomplishment is perceived to be achievable
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War Room
A room where team members can work on
project activities with a minimum of external
interference, which helps create a project identity in matrix organizations
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WBS Dictionary
A document that provides detailed
deliverable, activity, and scheduling information
about each component in the Work Breakdown
Structure (WBS)
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Weak Matrix
A type of matrix organization in which the functional manager has
much power and authority than a project
manager
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Weighted Average
A mathematical average by calculated by adding a set of
numbers and prescribing different weights to each of them, and then dividing by
the sum of the weights given. It is used to calculate
3-point estimates
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Weighted Milestone Method
A method of estimating earned value in which the
budget value of a work package is divided into
measurable segments, each ending with a milestone
that is assigned a weighted budget value
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What-if Scenario Analysis
The process of evaluating scenarios in order to predict their
effect on project objectives
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Workaround
An immediate and temporary response to an
issue for which a prior response had not been
planned or was not effective
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Work Authorization
System
Procedure for definition how project work will be authorized, ensures work is done at the right time, by the right organization, and in the right sequence
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Work Breakdown Structure (WBS)
A hierarchical decomposition of the
total scope of work to be carried out by the project team to accomplish the project objectives and
create the required deliverables
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Work Performance
Data
The raw data gathered as part of observations
and inspections
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Work Performance
Reports
The representation of the work performance
information to stakeholders
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Work Effort
The number of hours that it would take a person to
complete an activity if they worked only on that
activity
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Work Package
The work defined at the lowest level of the Work
Breakdown Structure (WBS) for which cost and
duration can be estimated and managed
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Workshift
One or more pairs of on/off working times that define the valid
working periods within a single day
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52
Connect with me
Linkedin.com/in/jonathandonado
www.branded.me/jonathandonado
Twitter.com/donadosays
Bilingual senior general management executive with expertise in international
business and Mergers & Acquisitions (M&A)
If you like the Flashcards, please give a ”Like” in SlideShare. It’s much appreciated !
o Education: - Senior Executive Fellow – Harvard University- MBA – IESE
o Certifications:- Six Sigma Black Belt (CSSBB) – ASQ Certified- Agile (ACP) – PMI Certified
Jonathan Donado
> Check my other Project Management presentations on SlideShare <
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