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SF
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Start-to-Finish
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Acceptance
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See accept.
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SV
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Schedule Variance
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Approval
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See approve.
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Cost Baseline
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See baseline.
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TS
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Target Start date
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EVT
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Earned Value Technique
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AF
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Actual Finish date
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types of models
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*stochastic *deterministic
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ascertain
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v. clarify, verify, confirm
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PM responsibility
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*THe parent company*the project/client*the project staff
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progress
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Performance is measured by determining the budgeted cost of work performed (i.e., earned value) and comparing it to the actual cost of work performed (i.e., actual cost). Progress is measured by comparing the earned value to the planned value.
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Execute
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Directing. managing, performing, and accomplishing the project work, providing the deliverables, and providing work performance information.
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Reserve Analysis:
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Technique used to establish contingency reserves during a project to guard against potential risk
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standard
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describes best practices for what should be done
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technological environment
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*other countries less advanced*affects technology available*local workers wont understand technology
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How do you calculate Schedule Performance Index (SPI)?
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EV/PV
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Scope creep
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Adding features and functionality (project scope) without addressing the effects on time, costs, and resources, or without customer approval.
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Requirements Gold-Plating
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Adding more requirements than necessary to an application, even before the beginning of a project.
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Communication
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A process through which information is exchanged among persons using a common system of symbols, signs, or behaviors.
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Project management (PM) is the application of knowledge, skill, tools, and techniques to project activities in order to meet or exceed stakeholders' needs and expectations from a project. This course focuses on the critical aspects of the PM processes of initiating, planning, and executing the project. These typically relate to the first three phases, or processes, associated with project development and execution.
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Program Management
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The centralized coordinated management of a program to achieve the program's strategic objectives and benefits.
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System
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An integrated set of regularly interacting or interdependent components created to accomplish a defined objective, with defined and maintained relationships among its components, and the whole producing or operating better than the simple sum of its components. Systems may be either physically process based or management process based, or more commonly a combination of both. Systems for project mcmagenrent are composed of project management processes, techniques, methodologies, and tools operated by the project management team.
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v. ultrapassar o tempo de duração; sobreviver
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outlive
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scope baseline
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the approved project scope statement and its associated WBS and WBS dictionary
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project formation
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*conflict centers around the confusion of starting a new project*conflicts cannot be avoided at this phase*much of this conflict is good conflict
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part III: project execution
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*monitoring and information systems*project control*project auditing*project termination
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Crashing
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A specific type of project schedule compression technique
Performed by taking action to decrease the total project schedule duration after analyzing a number of alternatives to determine how to get the maximum schedule duration compression for the least additional cost.
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External Acquisition
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the procurement of products and/or services from an outside vendor
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Fast Tracking [Technique]
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A specific project schedule compression technique that changes network logic to overlap phases that would normally be done in sequence, such as the design phase and construction phase, or to perform schedule activities in parallel. See schedule compression and see also crashing.
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Documented Procedure
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A formalized written description of how to carry out an activity, process, technique, or methodology.
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Activity
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A component of work performed during the course of a project. See also schedule activity.
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Component
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A constituent part, element, or piece of a complex whole.
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Budget
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The approved estimate for the project or any work breakdown structure component or any schedule activity. See also estimate.
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Sensitivity Analysis
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A quantitative risk analysis and modeling technique used to help determine which risks have the most potential impact on the project. It examines the extent to which the uncertainty of each project element affects the objective being examined when all other uncertain elements are held at their baseline values. The typical display of results is in the form of a tornado diagram.
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Work Package
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A deliverable or project work component at the lowest level of each branch of the work breakdown structure. The work package includes the schedule activities and schedule milestones required to complete the work package deliverable or project work component. See also control account.
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Product Scope
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The features and functions that characterize a product, service or result. Product Scope Description. The documented narrative description of the product scope.
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Authority
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The right to apply project resources*, expend fluids, make decisions, or give approvals.
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Assumptions [Output/Input]
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Assumptions are factors that, for planning purposes, are considered to be true, real, or certain without proof or demonstration. Assumptions affect all aspects of project planning, and are part of the progressive elaboration of the project. Project teams frequently identify, document, and validate assumptions as part of their planning process. Assumptions generally involve a degree of risk.
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Recurring Cost:
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A cost resulting from the ongoing evolution and use of a system
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Quality Management Plan:
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A plan specifying how quality measures will be implemented during a project
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change control system
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a formal documented process that describes when and how official project documents may be changed
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Project Manager
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People that work with the project sponsors, the project team, and the other people involved in a project to meet the goals.
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organizational culture
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A set of shared assumptions, values, and behaviors that characterize the functioning of an organization
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project charter
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a written agreement that outlines the specifics of the project
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Matrix org
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Blend of Functional & Projectized Org where team memebers have 2 bosses
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Initiating Phase?
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recognizes and authorizes a project to begin.
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Work breakdown structure
(WBS)
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A hierarchical list or diagram representing all the activities that must be completed in order to finish the project.
The WBS is a “deliverable-oriented hierarchical decomposition of the work to be executed by the project team, to accomplish the project objectives and create the required deliverables.”
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Contact Administration
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The process of comparing what was contracted for with what is being done or has been done to ensure that both parties perform according to the contract.
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Project Log
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A technique for controlling a project that involves recording information such as changes requested by the client, completion dates of deliverables, and so on.
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Contract Closure
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The process of verifying that all products and services contracted are acceptable
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Materiel
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The aggregate of things used by an organization in any undertaking, such as equipment, apparatus, tools, machinery, gear, material, and supplies.
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Design Review [Technique]
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A management technique used for evaluating a proposed design to ensure that the design of the system or product meets the customer requirements, or to assure that the design will perform successfully, can be produced, and can be maintained.
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Activity Definition [Process]
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The process of identifying the specific schedule activities that need to be performed to produce the various project deliverables.
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Dummy Activity
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A schedule activity of zero duration used to show a logical relationship in the arrow diagramming method. Dummy activities are used when logical relationships cannot be completely or correctly described with schedule activity arrows. Dummy activities are generally shown graphically as a clashed line headed by an arrow.
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Network Loop
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A schedule network path that passes the same node twice. Network loops cannot be analyzed using traditional schedule network analysis techniques such as critical path method.
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PARTS OF A SCOPE STATEMENT
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BUSINESS NEED, PROJECT JUSTIFICATION, PRODUCT DESCRIPTION, PROJECT DELIVERABLES, PROJECT OBJECTIVES(COST, SCHEDULE,QUALITY), CONSTRAINTS, ASSUMPTIONS.
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Lead Time:
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The time required by one task before another can begin
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requirements management plan
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a plan that describes how project requirements will be analyzed, documented, and managed
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project phase out
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*deadlines are a major source of conflict*technical probs are rare*personality conflicts will be a big deal due to time pressures
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nonnumeric models
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*models that do not return a numeric value for a project that can be compared with other projects*there are really not "models" but rather justification for projects*just because they are not true models does not make them all "bad"
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Budget Analyst
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A person in the department or organization who handles the budgetary elements of enterprise
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Batch sampling
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A sampling based on distinct groups of data.
Batch data may be separated by a common time of arrival or by some other characteristic.
Also called lot sampling.
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House of quality
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A graphic display of the logical relationships between customer requirements and product characteristics, and a comparison of the importance of each relationship relative to each other.
The common name for a Quality Function Deployment (QFD) matrix.
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Earned Value Management (EVM)
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A technique that measures project performance over time, and provides a way to forecast future performance based on past performance.
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Communication Management Plan [Output/Input]
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The document that describes: the communications needs and expectations for the project; how and in what format information will be communicated; when and where each communication will be made; and who is responsible for providing each type of communication. A communication management plan can be formal or informal, highly detailed or broadly framed, based on the requirements of the project stakeholders. The communication management plan is contained in, or is a subsidiary plan of, the project management plan.
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Quality Management Plan [Outputllnput]
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The quality management plan describes how the project management team will implement the performing organization's quality policy. The quality management plan is a component or a subsidiary plan of the project management plan. The quality management plan may be formal or informal, highly detailed, or broadly framed, based on the requirements of the project.
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Constraint [Input]
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The state, quality, or sense of being restricted to a given course of action or inaction. An applicable restriction or limitation, either internal or external to the project, that will affect the performance of the project or a process. For example. a schedule constraint is any limitation or restraint placed on the project schedule that affects when a schedule activity can be scheduled and is usually in the form of fixed imposed dates. A cost constraint is any limitation or restraint placed on the project budget such as fiends available over time. A project resource constraint is any limitation or restraint placed on resource usage, such as what resource skills or disciplines are available and the amount of a given resource available during a specified time frame.
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Control Account (CA) [Tool]
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A management control point where scope, budget (resource plans), actual cost, and schedule are integrated and compared to earned value for perfomiance measurement. Control accounts are placed at selected management points (specific components at selected levels) of the work breakdown structure. Each control account may include one or more work packages, but each work package may be associated with only one control account. Each control account is associated with a specific single organizational component in the organizational breakdown structure (Ol3S). Previously called a cost account. See also work package.
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Schedule Control [Process]
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The process of controlling changes to the project schedule.
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Project evaluation and Review Technique PERT CPM
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graphical analysis of project activities, estimate of expected project duration, an indication of tasks that are critical to project completion, an indication of how long an activity can be delayed without delaying project completion
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payback period
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the amount of time it will take to recoup in the form of net cash inflows the total dollars invested in a project
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projects tend to be large
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*the channel tunnel or chunnel*denver international airport*panama canal expansion project*three gorges dam, chine
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Nominal group technique
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A method of reaching team consensus. A structured decision-making process used to assign priorities to a list of items.
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Procurement Management Plan
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A plan that addresses such issues as who will prepare the evaluation criteria, how multiple vendors will be managed, where standardized procurement documents can be obtained, and ow procurement will be coordinated with other project tasks.
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Early Start Date (ES)
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In the critical path method, the earliest possible point in time on which the uncompleted portions of a schedule activity (or the project) can start, based on the schedule network logic, the data date, and any schedule constraints. Early start dates can change as the project progresses and as changes are made to the project management plan.
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Baseline Start Date
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The start date of a schedule activity in the approved schedule baseline. See also scheduled strut date.
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Early Finish Date (EF)
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In the critical path method, the earliest possible point in time on which the uncompleted portions of a schedule activity (or the project) can finish, based on the schedule network logic, the data date, and any schedule constraints. Early finish dates can change as the project progresses and as changes are made to the project management plan.
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n. purchase, sale, acquisition
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procurement noun [U] FORMALthe obtaining of supplies:They are reported to have a substantial budget for the procurement of military supplies.
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easy to implement
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*this is less of an issue with modern spreadsheets*a model to be used to evaluate all the firm's projects should be centrally maintained
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Budget Cost of Work Performed
(BCWP)
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Measures the budgeted cost of work that has actually been performed, rather than the cost of work scheduled
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Plan Purchases and Acquisitions [Process]
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The process of determining what to purchase or acquire, and determining when and how to do so.
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Project Scope Management Plan [Output/Input]
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The document that describes how the project scope will be defined, developed, and verified and how the work breakdown structure will be created and defined, and that provides guidance on how the project snipe will be managed and controlled by the project management team. It is contained in or is a subsidiary plan of the project management plan. The project scope management plan can be informal and broadly framed, or formal and highly detailed, based on the needs of the project.
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What is a cost restraint?
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the limit of resources used on a project
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Estimate at Completion (EAC) [OutputlInput]
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The expected total cost of a schedule activity, a work breakdown structure component, or the project when the defined scope of work will be completed. EAC is equal to the actual cost (AC) plus the estimate to complete (ETC) for all of the remaining work. EAC = AC plus ETC. The EAC may be calculated based on performance to date or estimated by the project team based on other factors, in which case it is often referred to as the latest revised estimate. See also earned value technique and estimate to complete.
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What is a BIA used for?
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it is an evaluation of strengths and weaknesses of your company's disaster preparedness and the impact it would have on your business
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