PMP Exam Flashcards presentation 5 of 5 ( PMBOK - 5th Edition - PMI ) Download it in PowerPoint

DiscretionaryDependency

Cost ofQuality (COQ)

Summary Activity

Baseline

ActivitySplitting

Gantt Chart

PMP EXAM FLASHCARDS

By Jonathan Donado

Over 500 dynamic Flashcards in PowerPoint

PART 5 of

5

52

About 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

Target Date

A date used to constrain the start or finish of an activity.

The type of constraint is identified by an

alignment type

Linkedin.com/in/jonathandonadoJONATHAN DONADO

Team Development

Creating an encouraging environment for

stakeholders to contribute, and developing the project team into afunctional group

that enhances project outcomes


Technical Requirements

The product characteristics that are

required for the product to perform the

functional requirements


The 5 Process Groups

1) Initiating2) Planning3) Executing4) Monitoring &Control5) Closing


Threat

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

objectives


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


Time and Material Contract

A contract based on a unit rate such as an

hourly wage plus reimbursement for materials or other expenses incurred


Timenow DateThe calendar date that

separates actual (historical) data from

future (scheduled) data


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


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


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


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


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


Trend Analysis

An analytical technique that uses mathematical

models to forecast future outcomes based on

historical results


Trigger

An event or situation that indicates that a

risk is about to occur


Triple Constraint

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


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


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


Validated Change

A change that has been acted on and checked

for accuracy


Validate Scope

Process of formalizing acceptance of the completed project

deliverables


ValueEngineering

Creative approach used to optimized project Life-Cycle

costs, save time, improve quality, solve problems, or

use resources more effectively


Variance

The difference between actual and

planned values


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


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


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


Virtual Team

Individuals in different reporting structures,

departments, locations or organizations working together on the same

project


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


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


WBS Dictionary

A document that provides detailed

deliverable, activity, and scheduling information

about each component in the Work Breakdown

Structure (WBS)


Weak Matrix

A type of matrix organization in which the functional manager has

much power and authority than a project

manager


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


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


What-if Scenario Analysis

The process of evaluating scenarios in order to predict their

effect on project objectives


Workaround

An immediate and temporary response to an

issue for which a prior response had not been

planned or was not effective


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


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


Work Performance

Data

The raw data gathered as part of observations

and inspections


Work Performance

Reports

The representation of the work performance

information to stakeholders


Work Effort

The number of hours that it would take a person to

complete an activity if they worked only on that

activity


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


Workshift

One or more pairs of on/off working times that define the valid

working periods within a single day


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 <

THANK YOU

http://www.slideshare.net/JonathanDonado

Business

PMP Exam Flashcards presentation 5 of 5 ( PMBOK - 5th Edition - PMI ) Download it in PowerPoint