A test about Earned Value topics

A test about things related to the project manager

All Integration Management questions

The technical or special terms used in, or peculiar to, a business, art, science, discipline, field, trade, or special subject.

Documentation may refer to the process of providing evidence (to document something) or to the communicable material used to provide such documentation (i.e. a document). Documentation understood as document is any communicable material (such as text, video, audio, etc., or combinations thereof) used to explain some attributes of an object, system or procedure. It is often used to mean engineering documentation or software documentation, which is usually paper books or computer readable files (such as HTML pages) that describe the structure and components, or on the other hand, operation, of a system/product.

Project integration management is primarily concerned with integrating processes to accomplish project objectives. There are seven processes in the Project Integration Management knowledge area that work in concert to facilitate proper project coordination. The project integration requires each process to seamlessly link and fuel the next process. All project management processes are divided into the five project process groups. The project process groups overlap, interact, and directly affect one another as they all play out the greater project plan. These interactions create project management synchronization.

A physical or notional instrument used in performing an operation as a means to an end. The application of specific principles and/or reasoning to the resolution of project management issues or problems.

Project Selection methods are used to select and prioritize projects within the organization. Using such methods allows you to determine which projects would be beneficial to execute.\r\n\r\nThere are 2 categories of Project Selection Methods defined in the PMBOK Guide. One method is the benefit measurement model that compares projects by the benefit they bring to the company. These comparative approaches include methods such as Return on Investment (ROI) or Benefit Cost Ratio (BCR). The other Project Selection Method is the mathematical model that uses complex mathematical formulas, which attempt to predict the project's success. Some of these methods apply calculus and linear programming to solve for maximizations. These methods are also known as constrained optimization.

The four sequential major time periods through which any project passes (Concept, Definition, Execution - implementation or development, Finishing -commissioning or close out). Each period may be identified as a Phase and further broken down into stages that typically reflect the area of project management application and the size and complexity of the specific project.

A structure that defines the reporting relationships, processes, systems and procedures of the project. Issues typically important in the structuring of a project include the degree of project/functional orientation, the extent of the project management (office) authority, collocation of project members, the allocation of resources, work packaging and interface management, and the definition of control, authorization and reporting procedures and systems. There are three basic kinds of organization structure

The allocation of cost estimates to individual project components.

The management process for requesting reviewing, approving, carrying out and controlling changes to the project's deliverables. Change Control is usually applied once the first version of a deliverable has been completed and agreed.

All Scope Management questions

Terminology questions related to Scope Management

Scope Management documentation

There are five processes in scope management. The first of these processes is the planning of the project's scope. The second process is defining the scope. The WBS is created in the third process. Fourth, scope verification comes into play. Finally, scope control is implemented.

Stakeholder Processes

Tools & Techniques for Scope Management

Work Breakdown Structure for Scope Management

A request needed to obtain formal approval for changes to the scope, design, methods, costs or planned aspects of a project. Change requests may arise through changes in the business or issues in the project. Change requests should be logged, assessed and agreed on before a change to the project can be made.

All Time Management questions

Questions related to terminology for Time Management

Project time management consists of six main processes. The first of these processes is in the definition of activities and action items. The second process in time management is the sequencing of activities. The third process is the estimating of resource of each activity. The next process in time management processes is the estimation of activity durations. Then the project schedule can be developed. The final process in the time management series of processes is the control of the project schedule.

Tools and techniques for Time Management

The act of undertaking responsibility for the performance of a contract.

Negotiation is the process through which the parties seek a mutually acceptable solution for items they own or control. Negotiation is not only used for business purposes, sales or for in particular for Project management. People use this all the time in their regular activities. Negotiation is usually considered as a compromise to settle an argument or issue to benefit both the party as much as possible. Negotiation is used for everything but one has to be sure that it is done in the best way possible to achieve maximum benefit. The most important part is planning: preparing well will give an advantage when negotiating.

All Cost Management questions

There are three processes involved with cost management. The first process is cost estimating. The second process involved with cost management strategies is cost budgeting. The third and final process is cost control.

Four different cost types are typically associated with the scope of work in a cost class. They reflect whether a cost is authorized, contractually committed, spent or forecast for spending. These types are: 1. Authorized Appropriation, 2. Committed Cost, 3. Expenditure (or Actual) 4. Estimate To Complete, or Forecast to Complete, or Uncommitted.

The plan for the effective financial control of the project through evaluating, estimating, budgeting, monitoring, analyzing, forecasting and reporting the cost information.

Money available for disbursement. Typically refers to the source of funding for project activities.

The selection of resources in type and quantity required to complete a project.

The inflow and outflow of funds. A time-based record of income and expenditures, often presented graphically.

All questions related to cost management for contracting.

All questions related to cost budgeting.

Any system of keeping costs within the bounds of budgets or standards based upon work actually performed.

The process of assembling and predicting the costs of a project. It includes economic evaluation, project investment cost and the prediction of future trends and costs.

Calculating approximately the probable cost or value.

Actual cost of work completed to date plus the predicted costs and schedule for finishing the remaining work.

The development of a management plan that uses alternative strategies to ensure project success if specified risk events occur.

The concept of including acquisition, operating, and disposal costs when evaluating various alternatives.

The cost efficiency factor representing the relationship between the actual costs expended and the value of the physical work performed.

One measure of completion used to determine the remaining duration of a partially completed activity.

A measure of the value of work performed so far. Earned value uses original estimates and progress-to-date to show whether the actual costs incurred are on budget and whether the tasks are ahead or behind the baseline plan.

The methods and techniques used to examine technical and cost data to determine the economic potential and the practicality of project applications. It involves the use of techniques such as the time value of money so that projects may be evaluated and compared on an equivalent basis. Interest rates, present worth factors, capitalization costs, operating costs, depreciation, etc., are all considered.

A formal inquiry into the financial progress, results, or some other financial aspect of a project or system.

Monetary return for services rendered or property delivered. Discharge of indebtedness.

The expected level at which the excess of revenue over the total cost of producing the product or products for which the calculation is made.

The correction of defective work. May take place either before, during or after inspection or testing.

All events, both positive and negative whose probabilities are neither 0% nor 100%. Uncertainty is a distinct characteristic of the project environment.

A generic term for a unit within a work breakdown structure (WBS) at the lowest level of its branch, not necessarily at the lowest level of the whole WBS. It may be used to refer to a unit of work performed within the organization, while 'Commitment Package' may be used for work contracted or purchased outside the organization.

All Quality Management questions

Quality Management Terminology

Documentation for Quality Management.

There are three processes for quality management. The first of these three processes is quality planning. The second process in quality management is performance of quality assurance tests. The final process in quality management involves quality control.

Tools & Techniques for Quality Management

An imaginative arrangement of a set of ideas.

The costs of the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs.

That aspect of the overall management function that determines and implements the quality policy.

The overall quality intentions and direction of an organization as regards quality, as formally expressed by top management.

The process of converting a general or outline plan for a project into a time-based schedule based on available resources and time constraints.

The technique of selecting a representative part of a population for the purpose of determining parameters or characteristics of the whole population. A small part selected as a sample for inspection or analysis.

All Human Resources Management questions

Questions about human resources terminology.

Human resources management processes are divided into four processes. The first of these processes is human resource planning. The second process is the acquisition of team members. Third process is to develop the project team. The fourth and final process is team management.

Tools and techniques for human resources management.

The function of directing and coordinating human resources throughout the life of the project by applying the art and science of behavioral and administrative knowledge to achieve predetermined project objectives of scope, cost, time, quality and participant satisfaction.

Questions about organizational structure.

Questions about resource planning.

The characteristics of the person who heads up the project team and is assigned the authority and responsibility for conducting the project and meeting project objectives through project management.

HR Team Building questions.

To seek a solution to a problem, five methods in particular have been proven through confrontation, compromise, smoothing, forcing and withdrawal.

The study of the ability to stimulate, rouse, excite, galvanize, or innervate. Typically with a view to getting work done on time and within budget.

All Communications Management questions

Any project requires good communications to manage day-to-day activities and ensure success of the project. Project managers need to understand the processes of Project Communications Management, and how those processes help promote success and resolve differences among project stakeholders. Project managers need to plan out a strategy to ensure that needed information is gathered and produced efficiently. Finally, project managers are responsible for distributing information to all stakeholders--internal and external--concerning all project management Knowledge Areas.

Tools and techniques in communications management.

The different methods to transmit and validate receipt of information so that the recipient understands what the sender intends, and the sender is assured that the intent is understood.

Concepts in communications management.

Conflict resolution and communications management.

Any form of conveyance for the transfer of information.

Questions on negotiation from a communications perspective.

Organization structure and communications management.

Project manager qualities in communications management.

All Risk Management questions

Terminology for Risk Management

Documentation about Risk Management.

There are four processes to address risk management issues: Risk Identification, Risk Quantification, Risk Response Development, Risk Response Control.

Tools and techniques for Risk Management

The types are events that if they occur can jeopardize the successful completion of the project.

Contingency planning and Risk Management.

Risk Management as it relates to contracting.

Risk Management as it relates to the project life cycle.

All Procurement Management questions

Procurement Management terminology

Procurement Management documentation

Project procurement management describes the processes that purchase or acquire products, services or results as well as contract management processes. The project management processes are plan purchases and acquisitions, plan contracting, request seller responses, select sellers, contract administration and contract closure.

Contracting and Procurement Management

Cost types and Procurement Management

Estimating and procurement management

Questions about negotiation in regards to Procurement Management

Project Manager qualities that are related to procurement management.

All Stakeholder Management questions