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  1. Project
    A temporary endeavor undertaken to create a unique product, service or result
  2. Program
    A group of related projects that are coordinated allowing for more control.
  3. Portfolio
    A collection of projects and programs that are aligned to achieve strategic business objectives.
  4. Phases
    A group of related project activities that allows for more control and often completes a major deliverable.
  5. Project Life Cycle
    A group of project phases defined by an organization into a gramework allowing for more control.
  6. Baseline
    The original approved plan plus/minus all approved changes; the current approved version of the plan.
  7. system
    A set of formal policies, procedures, rules or processes that defines how things are done.
  8. Progressive Elaboration
    An iterative approach to planning; plans are created in multiple passes rather than all at once.
  9. Historical Information
    Documents or data from previous projects which are used to assist in future project decisions.
  10. Enterprise Environmental Factors
    The environment you work in that can impact your project; corporate culture, industry standards, infrastructure, political climate, market conditions, etc.
  11. Organizational Process Assets
    Any documented processes and procedures; corporate knowledge base (e.g. project archives)
  12. Functional Organization Structure
    A departmentalized structure where employees work for only one manager, project manager has little or no power.
  13. Matrix Organization Structure
    • Employees report to both a functional manager and a projet manager (power is shared);
    •  * In a weak matrix the PM has little power (admin by ppl doing work) (expeditor/coordinator)
    •  * In a balanced matrix the PM has moderate power (PM some admin)
    •  * In a strong matrix the PM has nearly full power and authority --- FULL TIME---PM has admin team
  14. Projectized Organizational Structure
    Employees work directly for and report only to the project manager; project manager has full power and authority
  15. Stakeholder
    A person or organization who is actively involved in the project, or whose interests may be positively or negatively impacted by the project, or might exert influence over the project.
  16. Business Case
    (Reason to do project)
    Market demand, business need or strategic opprotunity, Customer request, technological advance, legal requirement, ecological impact, social need
  17. Project Expeditor
    Staff assistant to the executive who has responsibility for the project; can make few if any decisions; primary responsibility lies in assuring the timely arrival of resources.
  18. Project Manager
    Tasked with achieving the project objectives; lead person responsible for communicating with all stakeholders including sponsor; may report to a functional manager or program or portfolio manager.
  19. Communications Management Plan
    Documents who sends info, who receives info, what info is sent, how info is sent, when and how much info is sent
  20. Number of Communications Channels
    Image Upload
  21. Where is a control chart used?
    Plan quality, Perform QA, Control quality
  22. Control Chart
    Description & How used
    Displays process over time and against control limits

    Determines whether or not a process is stable or has perdictable performance.
  23. Where is a Run Chart used?
    Plan Quality, Permorm QA, Contol quality
  24. Run Chart
    Description & Use
    Similar to control chart but without displayed limits.

    Show history and pattern of variation with data points plotted in order they appear.
  25. Histogram
    Description/How Used/Where Used
    A vertical bar chart shows how often event occurs.

    Shows frequency of errors or periodic staffing levels.

    Perform QA, Control Quality, Plan HR
  26. Resource Histogram
    Description/How Used/Where Used
    A vertical bar chart showing number of hours per person, per period.

    Identify need for a resource leveling strategy.

    Plan HR, Develop Schedule, Control Schedule
  27. Scatter Diagram
    Shows relationship between two variables

    Identify possible relationships between independent and dependent variables

    Plan HP, Develope Schedule, Control Schedule
  28. Pareto Chart
    Histogram sorted by frequencies

    Determines the most prevalent errors to focus corrective action.

    Control Quality
  29. Flow Chart
    Graphical representation of a process

    Identify and anticipate process problems

    Plan Quality, Control Quality, Identify Risk
  30. Organization chart
    Representation of organization

    shows position relationships and roles & responsibilities

    Plan HR, Acquire Project Team, Plan Communications
  31. Bar Chart
    Represents schedule

    Document project schedule showing activities, start and end dates, and expected durations
  32. Milestone Chart
    Graphical representation of major deliverables and key external interfaces

    Shows project schedule at high level for executives

    Develop Schedule
  33. Responsibility Assignment Matrix
    Matrix-based chart showing connections between work packages and team members

    Show all activities associated with each person and vice versa.  Uses RACI desination

    Plan HR
  34. Present Value
    Image Upload
  35. Expected Activity Duration (triangular)
    Image Upload

    Optomistic + ML + Pessamistic
  36. Expected Activity Duration (Beta/PERT)
    Image Upload
  37. Standard Deviation of an Activity (SD)
    Image Upload
  38. Activity Variance
    Image Upload
  39. Rance of Activity Duration
    (conficende intervals)
    Image Upload
  40. Early Finish
    ES + Duration
  41. Late Start
    LF - Duration
  42. Total Float
    • LS - ES
    • or
    • LF - EF
  43. Critical Path
    Sum of longest duration path
  44. Cost Variance
    CV = EV - AC
  45. Schedule Variance
    EV - PV
  46. Cost Performance Index
    EV / AC
  47. Schedule Performance Index
    EV / PV
  48. Estimate At Completion
    using most accurate method
    AC + Bottom Up ETC
  49. Estimate At Completion
    assuming variances are typical
    BAC /  CPI
  50. Estimate At Completion
    atypical variances
    AC _ (BAC-EV)
Card Set:
2013-07-19 03:59:37
Key Concept

PMP Exam Prep
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