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CPM Reviewer
| Question | Answer |
|---|---|
| project | a temporary endeavor undertaken to create a unique product, service or result |
| project manager | a person assigned by the performing organization to achieve the project objectives |
| Leadership skills, techincal skills, PM process skills | skills that makes up a great project manager |
| Quality, cost, & time | three primary goals of a project |
| project management | the application of knowledge, skills, tools and techniques to project activities to meet project requirements |
| schedule-driven & results-oriented | Projects are ___ and ___ |
| big picture & little details | the ___ and the ___ are of equal importance |
| Project planning | is necessity, not a luxury |
| deadline | project managers know the motivational power of a ___ |
| Initiation | this phase is where an idea or a proposal is authorized and funded as a project. it may include some initial planning and estimating to clarify its objective and scope |
| stakeholders | individuals and organizations that are actively involved in the project or whose interests may be positively or negatively affected as a result of the project execution or project completion. |
| customers | individual or group that receives the deliverables |
| scope statement | the description of the project scope, major deliverables, assumptions and constraints |
| deliverables | the outcome of a process which is both definable and measurable |
| milestone | deliverables are also called ____ |
| stakeholder analysis | a technique of systematically gathering and analyzing quantitative and qualitative information to determine whose interests should be taken into account |
| Key players | high power, high interest |
| Latents | high power, low interest |
| Defenders | low power, high interest |
| Marginal | low power, low interest |
| Planning | the phase includes two distinct components which are core planning and facilitation planning |
| core planning | the development of plans that are required as part of the proposal |
| facilitation planning | the plans to manage the implementation of the project |
| risk | an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives |
| Find, Analyze, Develop, Mitigate | 4 steps to risk management (FADM) |
| Risk prioritization | determine which risks will affect your project the most |
| risk prioritization | decide which risks are the ones to plan countermeasures for and which to mitigate |
| WBS | is a deliverable-oriented grouping of project elements that organizes and defines the total scope of the project |
| Project schedule | shows the relationship of the project activities and tasks |
| Project schedule | shows the dependencies |
| longest | critical path is the _____ path through the project |
| critical path | generally, but not always, the sequence of schedule activities that determines the duration of the project |
| fast tracking | is the process of running multiple activities on the critical path in parallel in order to reduce overall project times |
| crashing | benefit from having additional, i.e. follow a linear relationship between resources and time to completion |
| reduce the scope or quality | two last resorts of dealing with contingencies |
| Work effort | the number of labor units rquired to complete a schedule activity |
| RACI Matrix (Responsible, Accountable, Consult, Inform) | is a responsibility assignment chart taht maps out every task, milestone or key decision in completing a project |
| Project schedule | A ___ to tell you where you should be with the project |
| Communication plan | A _____ to tell you where you actually are with the project |
| Communication plan | guides the meeting process, messaging method, frequency, and target. it is the best tool to use to ensure acceptance |
| Earned Value Management | a tool that shows both spending and progress on the same chart |
| Planned Value (PV) | cost of the project based on the budget for the work planned to do |
| Planned Value (PV) | also called the budgeted cost of work schedule (BCWS) |
| Earned Value (EV) | cost according to the budget of the work actually done |
| Earned Value (EV) | also called the budgeted cost of work performed (BCWP) |
| Actual Cost (AC) | money actually spent so far |
| PV; EV | To track the project, you compare how much work is scheduled at this point ____ compared with how much has actually been completed ____ |
| EV; AC | To track the project, you compare how much money is budgeted to be spent for this amount of work completed ____ compared with how much has actually been spent ____ |
| Closing | is when the project has achieve the planned objectives and all deliverables have been produced |
| Closing | the phase also includes the project evaluation to see if original objectives were achieved or not |
| Complete the project -> Close out all details -> Close out the project team -> Review the project success -> Recognize, Reward, & Celebrate | project close out process |
Created by:
romulols