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EXAM FLASHCARDS
By Jonathan Donado
Over 600 dynamic Flashcards with Graphics in PowerPoint
PART
1 of 5
PMP
About me
Linkedin.com/in/jonathandonado
Twitter.com/donadosays
Bilingual senior general management
executive with expertis...
Instructions: PowerPoint
Contingency
Reserve
Time or money allocated in the schedule or
cost baseline for known risks with...
Acceptance
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A response strategy to a risk
event, either negative (threat)
or ...
Acceptance
Test
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A group of end-users work with
the final product to test it ...
Acceptance
Criteria
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A set of conditions &
requirements
that must be met befo...
Acceptance
Deliverables
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Products, results or capabilities
produced by a proj...
Acquisition
Process
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of acquiring
personnel/goods/services for ne...
Acquire Project
Team
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of confirming
Human Resources availability
...
Accuracy
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Accuracy means that the
measured value is very close
to true value ...
Action Item
Status
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A list of problem issues
including a description, point
o...
Action Plan
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A plan that describes what
needs to be done and when it
needs to...
Active Listening
Linkedin.com/in/jonathandonado
JONATHAN DONADO
This occurs when the receiver
confirms the message is bein...
Activity
JONATHAN DONADO
A distinct, scheduled portion of
work performed during the course
of a project.
An activity typic...
Activity
Attributes
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Multiple attributes associated
with a schedule activity ...
Activity on
Arrow
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A network diagramming method
where the arrows in the arrow...
Activity
Code
Linkedin.com/in/jonathandonadoJONATHAN DONADO
An alphanumeric value assigned
to each activity that enables
c...
Activity
Cost Estimation
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The projected cost of the
scheduled activity that i...
Activity
Delay
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The maximum amount of time
that an activity can be
delayed du...
Activity
Duration
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The time in calendar units
between the start and finish
of...
Activity
Duration
Estimating
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Estimating the number of work
periods that will...
Activity
Dependency
Linkedin.com/in/jonathandonadoJONATHAN DONADO
These are the relationships of the
preceding tasks to th...
Activity
Identifier
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A unique alphanumeric
value assigned to an activity and
...
Activity
List
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A list of the defined activities
that need to be completed for...
Activity-on-Arrow
(AoA)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
AoA is a network diagramming
method where the arrow ...
Activity-on-Node
(AoN)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
AoN is a network diagramming
method where the node in...
Activity
Priority
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A priority value assigned to
activities to provide an orde...
Activity
Sequencing
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Identifying activity dependency
relationships (how activ...
Activity
Splitting
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Allowing activities to be split into
segments during reso...
Actual Cost
(AC)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The realized cost incurred for
the work performed on
an act...
Actual Duration
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The number of hours or days
expanded to complete a project
a...
Actual Effort
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The actual number of person
hours or days expended to
complete...
Actual Finish
Date (AF)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The calendar date in which work
actually ended on an...
Actual Start
Date (AF)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The calendar date work
actually began on an activity
Adaptive Life
Cycle
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A project life cycle that is intended
to facilitate chan...
Administrative
Closure
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The documenting of the project
results and the accept...
Adjusting Leads
& Lags
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A technique to find ways to bring
project activities ...
Aggregation
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Using activity resource
requirements to calculate total
resource...
Agreements
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Any document or communication
that defines the initial intentions...
Advertising
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A process to bring attention to
a project or effort
Agile Project
Management
Linkedin.com/in/jonathandonadoJONATHAN DONADO
It is an iterative, incremental
method of project
m...
Alignment
Type
The alignment type is used to
identify the type of constraint
associated with a target date.
The following ...
Affinity Diagram
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A group creativity technique that
allows large number of id...
Alternative
Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Breaking down a complex scope
situation for the purpose...
Analogous
Estimating
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A technique for estimating the
duration or cost of an a...
Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The study something complex
and the separation into its more
simple...
Application
Areas
Linkedin.com/in/jonathandonadoJONATHAN DONADO
These are the areas of business,
industry which the projec...
Apportioned
Effort
Linkedin.com/in/jonathandonadoJONATHAN DONADO
An activity where effort is allotted
proportionately acro...
Approve
Linkedin.com/in/jonathandonadoJONATHAN DONADO
To accept as satisfactory. The
approval may still require
confirmati...
Approved
Change Request
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A Change Request that has been
processed through the...
Approved
Change Request
Review
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A review of the Change
Requests to verify tha...
Arrow
Diagramming
Method (ADM)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A network diagramming technique in which
acti...
Assignment
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The activities team members are
responsible to complete
Assumptions
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Factors in the planning process
considered to be true, real, or
...
Assumption
Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A technique that explores the
accuracy of assumptions an...
Authority
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The right to apply project resources,
spend funds, make decisions ...
Authorization
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The power granted by management
to specified individuals allow...
Authorized
Work
Linkedin.com/in/jonathandonadoJONATHAN DONADO
An effort that has been
approved by higher authority
and may...
Avoidance
Linkedin.com/in/jonathandonadoJONATHAN DONADO
This is one response to a risk
event. The risk is avoided by
plann...
Backlog
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A listing of product requirements and
deliverables to be completed, ...
Backward
Pass
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A critical path method technique for
calculating the late star...
Balancing
Constraints
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Balancing the competing demands
of scope, cost, time, ...
Bar (Gantt)
Chart
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A chart that shows schedule activities,
with start and end...
Baseline
Linkedin.com/in/jonathandonadoJONATHAN DONADO
There are 3 baselines: Schedule + Scope
+ Cost. It is the approved ...
Baseline
Schedule
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A project schedule consisting of
baseline start and finish...
Basis of
Estimates
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Supporting documentation outlining
the details used in es...
Benchmarking
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A process of using prior projects within,
or external to, the p...
Benefit
Measurement
Methods
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Used in comparing the value of one
project again...
Benefit/Cost
Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of determining the
pros and cons of any pr...
Best Practices
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A generally accepted set of
standards for performing work
Bidder
Conference
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The meeting with prospective
sellers prior to the preparat...
Bottom‐Up
Estimating
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A method of estimating project
duration or cost by aggr...
Brainstorming
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A general data gathering and
creativity technique that can be ...
Budget
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The approved estimate or
amount of money allocated for
a project
Budget at
Completion
(BAC)
JONATHAN DONADO Linkedin.com/in/jonathandonado
The sum of all budgets established
in the planni...
Budget Cost of
Work Performed
(BCWP)
JONATHAN DONADO Linkedin.com/in/jonathandonado
The total budgeted cost of all work
co...
Budget Cost of
Work Scheduled
(BCWS)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The total budgeted cost expected to
be ...
Budget Estimate
Range
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Business
Impact Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Identifies project constraints,
alternatives, and r...
Business Case
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The project purpose and justification. It
explains how the pro...
Business Plan
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A business model used by a manager
for planning a project or w...
Business
Requirements
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The conditions that the product
must meet to support t...
Business
Value
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The positive impact for the business
that will be achieved wi...
Buyer
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The acquirer of products,
services, or results for an
organization
Cause Effect
Diagram
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A decomposition technique that
helps trace an undesirab...
Central
Tendency
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A property of the central limit
theorem predicting that the...
Centralized
Contracting
Linkedin.com/in/jonathandonadoJONATHAN DONADO
There is one single procurement
department in the or...
Champion
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A person who takes on personal
responsibility for the successful
co...
Change Control
Process
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A process whereby modifications to
documents, deliver...
Change Control
Board
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A formally chartered group
responsible for evaluating,
...
Change Control
System
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A set of procedures
that describes how modifications
t...
Change of Scope
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A change in objectives, work plan,
or schedule resulting in ...
Change Log
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A list of changes made during the
project. This includes dates of...
Change
Management
Plan
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A plan that documents the process for
managing change...
Change
Request
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A formal request to modify any
document, deliverable, or base...
Chart of
Accounts
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Any numbering system used to monitor
project costs by cate...
Charter
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A document issued by the initiator of
the project, usually the proje...
Check sheet
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A tally sheet that can be used
as a checklist when gathering
data
Claim
A request or demand by a Seller
against a Buyer, or vice-versa, for
consideration, compensation or
payment under the...
Claim
Administration
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of processing,
adjudicating and communicati...
Closing Process
Group
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of finalizing all the
activities across al...
Close
Procurement
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of completing each
project procurement
Closing Process
Group
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process performed to finalize all
activities acros...
Code of
Accounts
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A numbering system used to
uniquely identify each component...
Collect
Requirements
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of defining and
documenting stakeholder nee...
Colocation
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Placing all team members in the
same physical location close to o...
Communication
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Relaying information so that all
concerned parties have an equ...
Communication
Channels
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Number of communication
among project team members
N ...
Communication
Constraints
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Restrictions on the content, timing
and audience o...
Communications
Management
Plan
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A component of the project,
program, or portf...
Communications
Methods
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A systematic procedure or technique
used to transfer ...
Communications
Process
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Simple Process:
Detailed Process:
Communications
Planning
The planning process to determine the
communication requirements.
Identifying who will need what
i...
Communications
Requirements
Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
An analytical technique to
determine th...
Composite
Resource
Calendar
JONATHAN DONADO
It includes the availability, capabilities
and skills of human resources. It i...
Compliance
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A general concept to conforming to
a rule, standard, law, require...
Compress a
Schedule
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Fast tracking and crashing are
two schedule compression ...
Conceptual
Project Planning
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of developing broad-
scope project d...
Configuration
Control
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of evaluating, approving
or disapproving, ...
Configuration
Management
System
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A system that allows everyone to know
what v...
Concurrent
Engineering
Linkedin.com/in/jonathandonadoJONATHAN DONADO
An approach to project staffing that,
in its most gen...
Conflict
Resolution
Techniques
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A conflict is a situation when the
interests,...
Consensus
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A decision that a group agrees to
support. It is usually achieved ...
Constraint
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A limiting factor that affects the
execution of a project, progra...
Contingency
Linkedin.com/in/jonathandonadoJONATHAN DONADO
1) something that may happen: an
event that might occur in the f...
Contingency
Plan
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A document describing actions that
the project team can tak...
Contingency
Reserve
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Time or money allocated in the
schedule or cost baseline...
Continuous
Improvement
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A methodology provides an
organization with powerful ...
Contract
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A legal, mutually-binding document
between buyer and seller coverin...
Contract
Closeout
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The process of determining whether
the work as outlined in...
Contract
Change Control
System
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A system created to modify the
contract and t...
Contract
Administration
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Managing the relationship with
the seller or buyer
Control
Account
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A management control point where
scope, budget, actual cost,...
Control
Quality
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Monitoring specific project results
to determine if they com...
Control Chart
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Diagram of process results over
time and against specified lim...
Control
Scope
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Process of monitoring the status of
the project and product sc...
Corrective
Action
Linkedin.com/in/jonathandonadoJONATHAN DONADO
An intentional activity that realigns
the performance of t...
Cost
Baseline
JONATHAN DONADO Linkedin.com/in/jonathandonado
The approved version of the work
package cost estimates and
c...
Cost-Benefit
Analysis
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A benefit measurement method
that weighs expected proj...
Cost
Control
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Managing and controlling changes
to the cost baseline
Cost
Budget
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The overall project cost budget for a
project. It includes manag...
Cost
Budgeting
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Assigning specific cost estimates to
specific activities and ...
Cost
Estimating
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Estimating the cost of resources
that will be required to co...
Cost
Limits
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The acceptable range of variation
on a control chart
Cost of
Quality (COQ)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Determining costs incurred to
ensure quality: includin...
Cost
Management
Plan
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A component of a project or
program management plan tha...
Cost
Performance
Index (CPI)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A measure of the cost efficiency of
budgeted re...
Cost Plus
Fixed Fee
Contract
(CPFC)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A cost-reimbursable contract
where the b...
Cost Plus
Incentive Fee
Contract (CPIF)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A cost-reimbursable contract
where t...
Cost Plus
Percentage
Cost (CPPC)
Contract
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A contract where Buyer
reimburses ...
Cost
Reimbursable
Contract
A contract that provides for
payment to the seller for actual
costs incurred
Linkedin.com/in/jo...
Cost
Variance
(CV)
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The amount of budget deficit or
surplus at a given point ...
Cost
Types
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The types are:
Crashing
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A schedule compression technique
used to shorten the schedule
durat...
Create
WBS
Linkedin.com/in/jonathandonadoJONATHAN DONADO
A process of subdividing the major
project deliverables into smal...
Critical Activity
Linkedin.com/in/jonathandonadoJONATHAN DONADO
Any activity in the Critical Path
Critical Chain
Method
A schedule method that allows the
project team to place buffers on any
project schedule path to acco...
Critical Path
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The sequence of activities that
represents the longest path th...
Critical Path
Method (CPM)
A method used to estimate the
minimum project duration and
determine the amount of scheduling
f...
Customer
Linkedin.com/in/jonathandonadoJONATHAN DONADO
The recipient of service or
product that the project
created. Also ...
52
Connect with me
Linkedin.com/in/jonathandonado
Twitter.com/donadosays
Bilingual senior general management
executive wit...
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PMP Exam Flashcards presentation 1 of 5 (PMBOK - 5th Edition - PMI). Free Dynamic Flash cards in PowerPoint. Download Them to Help You Study and Pass your PMP test.

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Over 600 PMP Flashcards to help you prepare for the PMP exam (Part 1 of 5)

It contains the main terms and definitions for the PMI - Project Management Professional certification test.

The file is in PowerPoint, so use it to practice and prepare yourself for the PMP examination. The PMP flashcards are dynamic and as you read them, the answer is hidden until you "click" to see the PMP answer.

This is the part number 1 of the 5 Files Flashcards in PowerPoint.
(Based on document size restrictions in SlideShare, the PowerPoint File was divided into 5 parts )

Good luck on your exam!

Jonathan Donado

Document created by Jonathan Donado
Connect with me on:
- Twitter: @donadosays
- Linkedin: www.linkedin.com/in/jonathandonado

PMP flashcards / PMP flash cards / PMP / PMP exam / PMP test / PMP cheat sheet

Published in: Business

PMP Exam Flashcards presentation 1 of 5 (PMBOK - 5th Edition - PMI). Free Dynamic Flash cards in PowerPoint. Download Them to Help You Study and Pass your PMP test.

  1. 1. EXAM FLASHCARDS By Jonathan Donado Over 600 dynamic Flashcards with Graphics in PowerPoint PART 1 of 5 PMP
  2. 2. About me Linkedin.com/in/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” on SlideShare. It’s much appreciated ! o Education: - Senior Executive Fellow – Harvard University - MBA – IESE o Certifications: - Six Sigma Black Belt (CSSBB) – ASQ Certified - PMP - PMI-ACP – Agile Certified Practitioner Jonathan Donado
  3. 3. Instructions: PowerPoint Contingency Reserve Time or money allocated in the schedule or cost baseline for known risks with active response strategies Click on the “Slide Show Mode” 1. Download presentation - PowerPoint 2. Use “Slide Show Mode”
  4. 4. Acceptance Linkedin.com/in/jonathandonadoJONATHAN DONADO A response strategy to a risk event, either negative (threat) or positive (opportunity), generally made when the probability of the event or its impact are small
  5. 5. Acceptance Test Linkedin.com/in/jonathandonadoJONATHAN DONADO A group of end-users work with the final product to test it for unidentified issues that may appear during routine use. Also known as User Acceptance Testing (UAT)
  6. 6. Acceptance Criteria Linkedin.com/in/jonathandonadoJONATHAN DONADO A set of conditions & requirements that must be met before deliverables are accepted Note: it is usually stated in a contract and/or SOW (Statement Of Work)
  7. 7. Acceptance Deliverables Linkedin.com/in/jonathandonadoJONATHAN DONADO Products, results or capabilities produced by a project and validated by the customer or sponsors as meeting their acceptance criteria
  8. 8. Acquisition Process Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of acquiring personnel/goods/services for new or existing work within the general definitions of contracts requiring an offer and acceptance, consideration, lawful subject matter, and competent parties
  9. 9. Acquire Project Team Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of confirming Human Resources availability and selecting the team necessary to complete the project activities
  10. 10. Accuracy Linkedin.com/in/jonathandonadoJONATHAN DONADO Accuracy means that the measured value is very close to true value (target or goal). Accuracy is about correctness Note: Accuracy is not precision. To state that the results are accurate means that they are correct.
  11. 11. Action Item Status Linkedin.com/in/jonathandonadoJONATHAN DONADO A list of problem issues including a description, point of contact, and dates of action and resolution
  12. 12. Action Plan Linkedin.com/in/jonathandonadoJONATHAN DONADO A plan that describes what needs to be done and when it needs to be completed. Project plans are action plans
  13. 13. Active Listening Linkedin.com/in/jonathandonado JONATHAN DONADO This occurs when the receiver confirms the message is being received. It can be done by way of feedback, questions, prompts for clarity, and other signs of having received the message
  14. 14. Activity JONATHAN DONADO A distinct, scheduled portion of work performed during the course of a project. An activity typically has an expected duration, cost and requires certain resources. Also known as “Task” Linkedin.com/in/jonathandonado
  15. 15. Activity Attributes Linkedin.com/in/jonathandonadoJONATHAN DONADO Multiple attributes associated with a schedule activity can be included within an activity It includes: Activity Codes/ID; Name & Description; WBS ID; Predecessor & Successor Activities; Logical Relationships Leads & Lags; Assumptions; Location, etc
  16. 16. Activity on Arrow Linkedin.com/in/jonathandonadoJONATHAN DONADO A network diagramming method where the arrows in the arrow diagramming method network diagram represent the activities within the project
  17. 17. Activity Code Linkedin.com/in/jonathandonadoJONATHAN DONADO An alphanumeric value assigned to each activity that enables classifying, sorting, and filtering
  18. 18. Activity Cost Estimation Linkedin.com/in/jonathandonadoJONATHAN DONADO The projected cost of the scheduled activity that includes the cost of all resources required to perform and complete the activity
  19. 19. Activity Delay Linkedin.com/in/jonathandonadoJONATHAN DONADO The maximum amount of time that an activity can be delayed due to lack of resources
  20. 20. Activity Duration Linkedin.com/in/jonathandonadoJONATHAN DONADO The time in calendar units between the start and finish of a schedule activity
  21. 21. Activity Duration Estimating Linkedin.com/in/jonathandonadoJONATHAN DONADO Estimating the number of work periods that will be needed to complete individual activities
  22. 22. Activity Dependency Linkedin.com/in/jonathandonadoJONATHAN DONADO These are the relationships of the preceding tasks to the succeeding tasks. There are 4 types:
  23. 23. Activity Identifier Linkedin.com/in/jonathandonadoJONATHAN DONADO A unique alphanumeric value assigned to an activity and used to differentiate that activity from other activities
  24. 24. Activity List Linkedin.com/in/jonathandonadoJONATHAN DONADO A list of the defined activities that need to be completed for a project
  25. 25. Activity-on-Arrow (AoA) Linkedin.com/in/jonathandonadoJONATHAN DONADO AoA is a network diagramming method where the arrow in a project network diagram represent the activities within the project Explanation: A method of diagramming the sequence of activities in a project using arrows to represent activities and small circles (nodes) connecting the activities to represent relationships. Dummy activities may be included to show activities that are dependent on one another. This method has only finish-to-start relationships. Also known as Arrow Diagramming Method (ADM)
  26. 26. Activity-on-Node (AoN) Linkedin.com/in/jonathandonadoJONATHAN DONADO AoN is a network diagramming method where the node in a project network diagram represent the activities within the project Explanation: A method of diagramming the sequence of activities in a project where rectangles (nodes) represent the activities and arrows represent the relationship between the activities. This method uses four types of dependency relationships: finish to start, start to start, finish to finish and start to finish. Also known as precedence diagramming method (PDM)
  27. 27. Activity Priority Linkedin.com/in/jonathandonadoJONATHAN DONADO A priority value assigned to activities to provide an ordering for activities that are waiting for resources (during resource- constrained scheduling)
  28. 28. Activity Sequencing Linkedin.com/in/jonathandonadoJONATHAN DONADO Identifying activity dependency relationships (how activities affect each other) and determining the best order to perform the activities to complete the project
  29. 29. Activity Splitting Linkedin.com/in/jonathandonadoJONATHAN DONADO Allowing activities to be split into segments during resource allocation. In some instances, preemption of activities may free a resource to be used by a more critical activity
  30. 30. Actual Cost (AC) Linkedin.com/in/jonathandonadoJONATHAN DONADO The realized cost incurred for the work performed on an activity or work package during a specific time period
  31. 31. Actual Duration Linkedin.com/in/jonathandonadoJONATHAN DONADO The number of hours or days expanded to complete a project activity
  32. 32. Actual Effort Linkedin.com/in/jonathandonadoJONATHAN DONADO The actual number of person hours or days expended to complete an activity
  33. 33. Actual Finish Date (AF) Linkedin.com/in/jonathandonadoJONATHAN DONADO The calendar date in which work actually ended on an activity End dates
  34. 34. Actual Start Date (AF) Linkedin.com/in/jonathandonadoJONATHAN DONADO The calendar date work actually began on an activity
  35. 35. Adaptive Life Cycle Linkedin.com/in/jonathandonadoJONATHAN DONADO A project life cycle that is intended to facilitate change and require a high-degree of stakeholder involvement. They are iterative and incremental Note: Also known as Agile or Change-Driven Cycle
  36. 36. Administrative Closure Linkedin.com/in/jonathandonadoJONATHAN DONADO The documenting of the project results and the acceptance of the product by the customer or the project sponsor. Also needed if a project is terminated
  37. 37. Adjusting Leads & Lags Linkedin.com/in/jonathandonadoJONATHAN DONADO A technique to find ways to bring project activities that are behind into alignment with plan during project execution Explanation: A technique used to adjust the amount of time between predecessor and successor activities
  38. 38. Aggregation Linkedin.com/in/jonathandonadoJONATHAN DONADO Using activity resource requirements to calculate total resource needs rather than to constrain the project schedule. Normally, resource requirements are used to perform resource- constrained scheduling
  39. 39. Agreements Linkedin.com/in/jonathandonadoJONATHAN DONADO Any document or communication that defines the initial intentions of a project. This can take the form of a contract, memorandum of understanding (MOU), letters of agreements, verbal agreements, etc
  40. 40. Advertising Linkedin.com/in/jonathandonadoJONATHAN DONADO A process to bring attention to a project or effort
  41. 41. Agile Project Management Linkedin.com/in/jonathandonadoJONATHAN DONADO It is an iterative, incremental method of project management
  42. 42. Alignment Type The alignment type is used to identify the type of constraint associated with a target date. The following types are available: o Finish On o Finish On or After o Finish On or Before o Start On o Start On or After o Start On or Before o Mandatory Start o Mandatory Finish Linkedin.com/in/jonathandonadoJONATHAN DONADO
  43. 43. Affinity Diagram Linkedin.com/in/jonathandonadoJONATHAN DONADO A group creativity technique that allows large number of ideas to be classified in groups for review and analysis
  44. 44. Alternative Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO Breaking down a complex scope situation for the purpose of generating and evaluating different solutions and approaches
  45. 45. Analogous Estimating Linkedin.com/in/jonathandonadoJONATHAN DONADO A technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Also known as Top-Down estimating. It is a form of expert judgement
  46. 46. Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO The study something complex and the separation into its more simple components. Analysis typically includes discovering not only what the parts of the item being studied are, but also how they fit together. Example: study of schedule variances for cause, impact, corrective action, and results
  47. 47. Application Areas Linkedin.com/in/jonathandonadoJONATHAN DONADO These are the areas of business, industry which the project manager may need special knowledge. Common application areas include legal issues, technical issues, engineering information, and manufacturing information
  48. 48. Apportioned Effort Linkedin.com/in/jonathandonadoJONATHAN DONADO An activity where effort is allotted proportionately across certain discrete efforts and not divisible into discrete efforts. Apportioned Effort is work that cannot be directly associated to a WBS component or a project deliverable, like Perform Quality Assurance. The term apportion means to divide or share. Note: Apportioned effort is one of three earned value management (EVM) types of activities used to measure work performance
  49. 49. Approve Linkedin.com/in/jonathandonadoJONATHAN DONADO To accept as satisfactory. The approval may still require confirmation by somebody else, as in levels of approval. In management use, the important distinction is between approve and authorize Note: See Authorization flashcard
  50. 50. Approved Change Request Linkedin.com/in/jonathandonadoJONATHAN DONADO A Change Request that has been processed through the integrated change control processed and approved
  51. 51. Approved Change Request Review Linkedin.com/in/jonathandonadoJONATHAN DONADO A review of the Change Requests to verify that these were implemented as approved
  52. 52. Arrow Diagramming Method (ADM) Linkedin.com/in/jonathandonadoJONATHAN DONADO A network diagramming technique in which activities are represented by arrows. The tail of the arrow represents the start and the head represents the finish of the activity (the length of the arrow does not represent the expected duration of the activity). Activities are connected at points called ”Nodes" (usually drawn as small circles) to illustrate the sequence in which the activities are expected to be performed
  53. 53. Assignment Linkedin.com/in/jonathandonadoJONATHAN DONADO The activities team members are responsible to complete
  54. 54. Assumptions Linkedin.com/in/jonathandonadoJONATHAN DONADO Factors in the planning process considered to be true, real, or certain, without proof or demonstration. Need to be documented and validated as they may impact risk
  55. 55. Assumption Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO A technique that explores the accuracy of assumptions and identifies risks to the project from inaccuracy, inconsistency or incompleteness of assumptions
  56. 56. Authority Linkedin.com/in/jonathandonadoJONATHAN DONADO The right to apply project resources, spend funds, make decisions or give approvals
  57. 57. Authorization Linkedin.com/in/jonathandonadoJONATHAN DONADO The power granted by management to specified individuals allowing them to approve transactions, procedures, or total systems. Defined as the final organization authority Note: See Approve flashcard
  58. 58. Authorized Work Linkedin.com/in/jonathandonadoJONATHAN DONADO An effort that has been approved by higher authority and may or may not be defined Authorized Work Example:
  59. 59. Avoidance Linkedin.com/in/jonathandonadoJONATHAN DONADO This is one response to a risk event. The risk is avoided by planning a different technique to remove the risk from the project
  60. 60. Backlog Linkedin.com/in/jonathandonadoJONATHAN DONADO A listing of product requirements and deliverables to be completed, written as stories, and prioritized as the business to manage and organize the project work. Used in Agile.
  61. 61. Backward Pass Linkedin.com/in/jonathandonadoJONATHAN DONADO A critical path method technique for calculating the late start and late finish dates, for the uncompleted portions of all network activities, by working backward through the schedule model from the project end date date
  62. 62. Balancing Constraints Linkedin.com/in/jonathandonadoJONATHAN DONADO Balancing the competing demands of scope, cost, time, quality, risk, resources and customer expectations for a project
  63. 63. Bar (Gantt) Chart Linkedin.com/in/jonathandonadoJONATHAN DONADO A chart that shows schedule activities, with start and end dates, activity durations, resources assigned and project status. Also known as Gantt Chart
  64. 64. Baseline Linkedin.com/in/jonathandonadoJONATHAN DONADO There are 3 baselines: Schedule + Scope + Cost. It is the approved version of a work product that can be changed using formal change control procedures, and it is used as the basis for comparison to actual results Note: The original plan (for a project, a work package, or an activity) plus or minus approved changes. Usually used with a modifier (e.g., cost baseline, schedule baseline and scope baseline)
  65. 65. Baseline Schedule Linkedin.com/in/jonathandonadoJONATHAN DONADO A project schedule consisting of baseline start and finish dates, which represent an estimated or expected schedule, or both Note: This schedule is often derived from an initial set of early, late, or scheduled finish dates. Typically, once a baseline schedule is established, it does change over the course of a project)
  66. 66. Basis of Estimates Linkedin.com/in/jonathandonadoJONATHAN DONADO Supporting documentation outlining the details used in establishing project estimates such as assumptions, constraints, level of detail, ranges, and confidence levels
  67. 67. Benchmarking Linkedin.com/in/jonathandonadoJONATHAN DONADO A process of using prior projects within, or external to, the performing organization to compare and set quality standards for processes and results
  68. 68. Benefit Measurement Methods Linkedin.com/in/jonathandonadoJONATHAN DONADO Used in comparing the value of one project against the value, or benefits, of another; often used in project selection decisions
  69. 69. Benefit/Cost Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of determining the pros and cons of any project, process, product, or activity
  70. 70. Best Practices Linkedin.com/in/jonathandonadoJONATHAN DONADO A generally accepted set of standards for performing work
  71. 71. Bidder Conference Linkedin.com/in/jonathandonadoJONATHAN DONADO The meeting with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement Note: Also known as contractor conference, vendor conference, or pre-bid conference
  72. 72. Bottom‐Up Estimating Linkedin.com/in/jonathandonadoJONATHAN DONADO A method of estimating project duration or cost by aggregating the estimates of the lower‐level components of the work breakdown structure (WBS)) Explanation: A method of estimating a component of work. The work is decomposed into more detail. An estimate is prepared of what is needed to meet requirements of each of the lower, more detailed pieces of work, and these estimates are then aggregated into a total quantity for the component of work. The accuracy of bottom-up estimating is driven by the size and complexity of the work identified at the lower levels
  73. 73. Brainstorming Linkedin.com/in/jonathandonadoJONATHAN DONADO A general data gathering and creativity technique that can be used to identify risks, ideas or solutions to issues by using a group of team members or subject matter experts
  74. 74. Budget Linkedin.com/in/jonathandonadoJONATHAN DONADO The approved estimate or amount of money allocated for a project
  75. 75. Budget at Completion (BAC) JONATHAN DONADO Linkedin.com/in/jonathandonado The sum of all budgets established in the planning phase for the entire project or work to be performed
  76. 76. Budget Cost of Work Performed (BCWP) JONATHAN DONADO Linkedin.com/in/jonathandonado The total budgeted cost of all work completed on a project to date. Also known as earned value (EV)
  77. 77. Budget Cost of Work Scheduled (BCWS) Linkedin.com/in/jonathandonadoJONATHAN DONADO The total budgeted cost expected to be spent for specific work
  78. 78. Budget Estimate Range Linkedin.com/in/jonathandonadoJONATHAN DONADO
  79. 79. Business Impact Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO Identifies project constraints, alternatives, and related assumptions as they apply to the initiation phase
  80. 80. Business Case Linkedin.com/in/jonathandonadoJONATHAN DONADO The project purpose and justification. It explains how the project support the firm’s strategic goals. It is a documented financial feasibility study used to establish validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities
  81. 81. Business Plan Linkedin.com/in/jonathandonadoJONATHAN DONADO A business model used by a manager for planning a project or work
  82. 82. Business Requirements Linkedin.com/in/jonathandonadoJONATHAN DONADO The conditions that the product must meet to support the high-level processes and needs of the business
  83. 83. Business Value Linkedin.com/in/jonathandonadoJONATHAN DONADO The positive impact for the business that will be achieved with completion of the project (such as revenue, customer satisfaction, etc)
  84. 84. Buyer Linkedin.com/in/jonathandonadoJONATHAN DONADO The acquirer of products, services, or results for an organization
  85. 85. Cause Effect Diagram Linkedin.com/in/jonathandonadoJONATHAN DONADO A decomposition technique that helps trace an undesirable effect back to its root causes Note: Also known as Fish Bone Diagram
  86. 86. Central Tendency Linkedin.com/in/jonathandonadoJONATHAN DONADO A property of the central limit theorem predicting that the data observations in a normal distribution will tend to group around its mean as the group sample size increases Note: Mean, Median and Mode are the most common measurements
  87. 87. Centralized Contracting Linkedin.com/in/jonathandonadoJONATHAN DONADO There is one single procurement department in the organization, and the procurement manager handles simultaneously procurement on multiple projects
  88. 88. Champion Linkedin.com/in/jonathandonadoJONATHAN DONADO A person who takes on personal responsibility for the successful completion of a “visionary project”
  89. 89. Change Control Process Linkedin.com/in/jonathandonadoJONATHAN DONADO A process whereby modifications to documents, deliverables, or baselines associated with the project are identified, documented, approved, or rejected
  90. 90. Change Control Board Linkedin.com/in/jonathandonadoJONATHAN DONADO A formally chartered group responsible for evaluating, approving, delaying, or rejecting changes to the project, and for recording and communicating such decisions Note: It may include project manager, customer, experts, sponsor, other
  91. 91. Change Control System Linkedin.com/in/jonathandonadoJONATHAN DONADO A set of procedures that describes how modifications to the project deliverables will be controlled, changed and approved
  92. 92. Change of Scope Linkedin.com/in/jonathandonadoJONATHAN DONADO A change in objectives, work plan, or schedule resulting in a material difference from the terms of previously granted approval to proceed
  93. 93. Change Log Linkedin.com/in/jonathandonadoJONATHAN DONADO A list of changes made during the project. This includes dates of the changes and impact in terms of time, cost and risk
  94. 94. Change Management Plan Linkedin.com/in/jonathandonadoJONATHAN DONADO A plan that documents the process for managing changes to the project deliverables and documentation
  95. 95. Change Request Linkedin.com/in/jonathandonadoJONATHAN DONADO A formal request to modify any document, deliverable, or baseline after the Project Management Plan has been approved. Changes are approved through the Integrated Change Control Process
  96. 96. Chart of Accounts Linkedin.com/in/jonathandonadoJONATHAN DONADO Any numbering system used to monitor project costs by category (labor, supplies, materials, etc). The project chart of accounts is usually based upon corporate chart of accounts of the primary performing organization
  97. 97. Charter Linkedin.com/in/jonathandonadoJONATHAN DONADO A document issued by the initiator of the project, usually the project sponsor, that formally authorizes the existence of the project, and provides the project manager with the authority to apply organizational resources to project activities
  98. 98. Check sheet Linkedin.com/in/jonathandonadoJONATHAN DONADO A tally sheet that can be used as a checklist when gathering data
  99. 99. Claim A request or demand by a Seller against a Buyer, or vice-versa, for consideration, compensation or payment under the terms of a contract, such a for a disputed change Linkedin.com/in/jonathandonadoJONATHAN DONADO
  100. 100. Claim Administration Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of processing, adjudicating and communicating contract claims
  101. 101. Closing Process Group Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of finalizing all the activities across all the Project Management Process Groups to formally complete a project or phase
  102. 102. Close Procurement Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of completing each project procurement
  103. 103. Closing Process Group Linkedin.com/in/jonathandonadoJONATHAN DONADO The process performed to finalize all activities across all Process Groups to formally close a project or phase
  104. 104. Code of Accounts Linkedin.com/in/jonathandonadoJONATHAN DONADO A numbering system used to uniquely identify each component of the Work Breakdown Structure (WBS)
  105. 105. Collect Requirements Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of defining and documenting stakeholder needs to meet the project objectives
  106. 106. Colocation Linkedin.com/in/jonathandonadoJONATHAN DONADO Placing all team members in the same physical location close to one another in order to improve communications, working relationships and productivity
  107. 107. Communication Linkedin.com/in/jonathandonadoJONATHAN DONADO Relaying information so that all concerned parties have an equal understanding
  108. 108. Communication Channels Linkedin.com/in/jonathandonadoJONATHAN DONADO Number of communication among project team members N (N-1) ----------- = 2 N = number of team members
  109. 109. Communication Constraints Linkedin.com/in/jonathandonadoJONATHAN DONADO Restrictions on the content, timing and audience or individual who will deliver the communication usually stemming from a specific legislation or regulation, technology or organizational policies
  110. 110. Communications Management Plan Linkedin.com/in/jonathandonadoJONATHAN DONADO A component of the project, program, or portfolio management plan that describes how, when, and by whom information will be administered and disseminated
  111. 111. Communications Methods Linkedin.com/in/jonathandonadoJONATHAN DONADO A systematic procedure or technique used to transfer information among project stakeholders
  112. 112. Communications Process Linkedin.com/in/jonathandonadoJONATHAN DONADO Simple Process: Detailed Process:
  113. 113. Communications Planning The planning process to determine the communication requirements. Identifying who will need what information, when they will need it and how the information should be formatted and disseminated Linkedin.com/in/jonathandonadoJONATHAN DONADO
  114. 114. Communications Requirements Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO An analytical technique to determine the information needs of the project stakeholders through interviews, workshop, etc
  115. 115. Composite Resource Calendar JONATHAN DONADO It includes the availability, capabilities and skills of human resources. It is developed as part of the Activity Resource Estimating process Linkedin.com/in/jonathandonado
  116. 116. Compliance Linkedin.com/in/jonathandonadoJONATHAN DONADO A general concept to conforming to a rule, standard, law, requirement generating a result of “complaint” or “not-complaint”
  117. 117. Compress a Schedule Linkedin.com/in/jonathandonadoJONATHAN DONADO Fast tracking and crashing are two schedule compression techniques that help you shorten the duration of your project. Fast tracking does not involve any cost but it increases risks. On the other hand, crashing does not introduce much risk but it is a costly affair
  118. 118. Conceptual Project Planning Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of developing broad- scope project documentation from which the technical requirements, estimates, schedules, control procedures, and effective project management will all flow
  119. 119. Configuration Control Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of evaluating, approving or disapproving, and managing changes to controlled items
  120. 120. Configuration Management System Linkedin.com/in/jonathandonadoJONATHAN DONADO A system that allows everyone to know what version of the baseline and other components of the project management plan are the latest versions
  121. 121. Concurrent Engineering Linkedin.com/in/jonathandonadoJONATHAN DONADO An approach to project staffing that, in its most general form, calls for implementers to be involved in the design phase. Sometimes confused with Fast Tracking
  122. 122. Conflict Resolution Techniques Linkedin.com/in/jonathandonadoJONATHAN DONADO A conflict is a situation when the interests, needs, goals or values of involved parties interfere with one another. A conflict is a common phenomenon in the workplace. The techniques are:
  123. 123. Consensus Linkedin.com/in/jonathandonadoJONATHAN DONADO A decision that a group agrees to support. It is usually achieved by discussing the relevant issues and options
  124. 124. Constraint Linkedin.com/in/jonathandonadoJONATHAN DONADO A limiting factor that affects the execution of a project, program, portfolio, or process
  125. 125. Contingency Linkedin.com/in/jonathandonadoJONATHAN DONADO 1) something that may happen: an event that might occur in the future, especially a problem, emergency, or expense that might arise unexpectedly and therefore must be prepared for 2) provision made against future unforeseen events
  126. 126. Contingency Plan Linkedin.com/in/jonathandonadoJONATHAN DONADO A document describing actions that the project team can take if predetermined trigger conditions or risks/threats occur
  127. 127. Contingency Reserve Linkedin.com/in/jonathandonadoJONATHAN DONADO Time or money allocated in the schedule or cost baseline for known risks with active response strategies
  128. 128. Continuous Improvement Linkedin.com/in/jonathandonadoJONATHAN DONADO A methodology provides an organization with powerful tools that improve its ability to plan, implement, and control its activities. Also known as “Kaizen”
  129. 129. Contract Linkedin.com/in/jonathandonadoJONATHAN DONADO A legal, mutually-binding document between buyer and seller covering the terms and conditions by which the work must be completed
  130. 130. Contract Closeout Linkedin.com/in/jonathandonadoJONATHAN DONADO The process of determining whether the work as outlined in the contract was completed accurately and settling the terms of the contract
  131. 131. Contract Change Control System Linkedin.com/in/jonathandonadoJONATHAN DONADO A system created to modify the contract and to control changes to the contract
  132. 132. Contract Administration Linkedin.com/in/jonathandonadoJONATHAN DONADO Managing the relationship with the seller or buyer
  133. 133. Control Account Linkedin.com/in/jonathandonadoJONATHAN DONADO A management control point where scope, budget, actual cost, and schedule are integrated and compared to earned value for performance measurement
  134. 134. Control Quality Linkedin.com/in/jonathandonadoJONATHAN DONADO Monitoring specific project results to determine if they comply with the relevant quality standards
  135. 135. Control Chart Linkedin.com/in/jonathandonadoJONATHAN DONADO Diagram of process results over time and against specified limits to determine whether processes are acceptable or need adjustment
  136. 136. Control Scope Linkedin.com/in/jonathandonadoJONATHAN DONADO Process of monitoring the status of the project and product scope and managing changes to the scope baseline
  137. 137. Corrective Action Linkedin.com/in/jonathandonadoJONATHAN DONADO An intentional activity that realigns the performance of the project work with the project management plan
  138. 138. Cost Baseline JONATHAN DONADO Linkedin.com/in/jonathandonado The approved version of the work package cost estimates and contingency reserve that can be changed using formal change control procedures and is used as the basis for comparison to actual results Note: The difference between cost budget and cost baseline is that the cost budget adds management reserve to the cost baseline
  139. 139. Cost-Benefit Analysis Linkedin.com/in/jonathandonadoJONATHAN DONADO A benefit measurement method that weighs expected project costs against expected project benefits
  140. 140. Cost Control Linkedin.com/in/jonathandonadoJONATHAN DONADO Managing and controlling changes to the cost baseline
  141. 141. Cost Budget Linkedin.com/in/jonathandonadoJONATHAN DONADO The overall project cost budget for a project. It includes management reserve.
  142. 142. Cost Budgeting Linkedin.com/in/jonathandonadoJONATHAN DONADO Assigning specific cost estimates to specific activities and creating the cost baseline
  143. 143. Cost Estimating Linkedin.com/in/jonathandonadoJONATHAN DONADO Estimating the cost of resources that will be required to complete each project activity
  144. 144. Cost Limits Linkedin.com/in/jonathandonadoJONATHAN DONADO The acceptable range of variation on a control chart
  145. 145. Cost of Quality (COQ) Linkedin.com/in/jonathandonadoJONATHAN DONADO Determining costs incurred to ensure quality: including prevention, appraisals and failure costs. Also known as ”Cost of Poor Quality”
  146. 146. Cost Management Plan Linkedin.com/in/jonathandonadoJONATHAN DONADO A component of a project or program management plan that describes how costs will be planned, structured, and controlled
  147. 147. Cost Performance Index (CPI) Linkedin.com/in/jonathandonadoJONATHAN DONADO A measure of the cost efficiency of budgeted resources expressed as the ratio of earned value to actual cost Explanation: The ratio of budgeted costs to actual costs (BCWP/ACWP). The CPI is often used to predict the magnitude of a possible cost overrun using the following formula: original cost estimate/CPI = projected cost at completion.
  148. 148. Cost Plus Fixed Fee Contract (CPFC) Linkedin.com/in/jonathandonadoJONATHAN DONADO A cost-reimbursable contract where the buyer pays for costs defined in the contract plus an additional defined amount (fixed fee)
  149. 149. Cost Plus Incentive Fee Contract (CPIF) Linkedin.com/in/jonathandonadoJONATHAN DONADO A cost-reimbursable contract where the buyer pays for costs defined in the contract plus an additional amount if the seller meets performance criteria as outlined in the contract
  150. 150. Cost Plus Percentage Cost (CPPC) Contract Linkedin.com/in/jonathandonadoJONATHAN DONADO A contract where Buyer reimburses the Seller for the Seller’s allowable costs plus a percentage of the cost
  151. 151. Cost Reimbursable Contract A contract that provides for payment to the seller for actual costs incurred Linkedin.com/in/jonathandonadoJONATHAN DONADO
  152. 152. Cost Variance (CV) Linkedin.com/in/jonathandonadoJONATHAN DONADO The amount of budget deficit or surplus at a given point in time, expressed as the difference between Earned Value and Actual Cost CV = EV – AC Note: (1) Any difference between the estimated cost of an activity and the actual cost of an activity (2) In earned value, BCWP less ACWP.
  153. 153. Cost Types Linkedin.com/in/jonathandonadoJONATHAN DONADO The types are:
  154. 154. Crashing Linkedin.com/in/jonathandonadoJONATHAN DONADO A schedule compression technique used to shorten the schedule duration for the least incremental cost by adding resources
  155. 155. Create WBS Linkedin.com/in/jonathandonadoJONATHAN DONADO A process of subdividing the major project deliverables into smaller more manageable components. The result is the Work Breakdown Structure (WBS)
  156. 156. Critical Activity Linkedin.com/in/jonathandonadoJONATHAN DONADO Any activity in the Critical Path
  157. 157. Critical Chain Method A schedule method that allows the project team to place buffers on any project schedule path to account for limited resources and project uncertainties. It has a resource focus, whereas Critical Path is task order focused (not the same as Critical Path Method) Linkedin.com/in/jonathandonadoJONATHAN DONADO
  158. 158. Critical Path Linkedin.com/in/jonathandonadoJONATHAN DONADO The sequence of activities that represents the longest path through a project, which determines the shortest possible duration. It is task order focused
  159. 159. Critical Path Method (CPM) A method used to estimate the minimum project duration and determine the amount of scheduling flexibility on the logical network paths within the schedule model Linkedin.com/in/jonathandonadoJONATHAN DONADO
  160. 160. Customer Linkedin.com/in/jonathandonadoJONATHAN DONADO The recipient of service or product that the project created. Also known as client in some organizations
  161. 161. 52 Connect with me Linkedin.com/in/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” on SlideShare. It’s much appreciated ! o Education: - Senior Executive Fellow – Harvard University - MBA – IESE o Certifications: - Six Sigma Black Belt (CSSBB) – ASQ Certified - PMP - Agile (ACP) – PMI Certified Jonathan Donado THANK YOU

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