Card Set Information
Chapter 4 of Rita's Prep Book
Name management plans that do not have a knowledge area.
-Change management plan
-Configuration management plan
-Requirement management plan
-Process improvement plan
Deviations from baseline are often due to:
incomplete risk management
Monitoring and controlling means measuring against the:
Project management plan
On a high level basis, what is the process for making changes?
-Evaluate the impact
-Get the change request approved internally
-Get customers buy-in (if required)
What is the detailed process for making changes?
1. prevent the root causes of change
2. identify change
3. look at the impact of the change in the knowledge area
4. create a change request
5. perform integrated change control
6. manage stakeholder's expectations
7. manage project to revised PM plan
What do you need to know or have before you initiate a project?
The business case
The product description or project scope statement
How the project fits into company's strategic plan
A list of likely stakeholders
List the Economic Models for Project Selection:
Net present value
Internal rate of return
A benefit cost ratio of greater than 1 means_________.
the benefits are greater than the costs.
Opportunity cost is?
The value of the project NOT selected.
Ex: Project A has a NPV of $45,000. Project B has a NPV of $85,000. The opportunity cost of selecting project A is $85,000.
Define Project Statement of Work (SOW):
is created by the customer/sponser and describes:
how the project fits into the organizations plan
What is Corrective Action:
Any action taken to bring expected future project performance in line with project management plan.
Deals with ACTUAL deviations.
What is Prevention Action?
Dealing with ANTICIPATED/POSSIBLE deviations.
Examples of preventive actions:
adjusting the project to prevent the same problem from occurring again later in the project
changing a resource because the resource's last activity nearly failed to meet its acceptance criteria
arranging for team members to gain training in a certain area because there is no one with the necessary skills to back up a team member who may unexpectedly get sick
Describe Defect Repair: