Flashcards
Summary of Definitions/Key Terms for the PMP Exam
Cards in this deck (32)
- 1Summary of Key Terms for the PMP Exam
- 2Product Life CycleA project life cycle is a collection of generally sequential and sometimes overlapping project phases whose name and number are determined by the management and control needs of the organization or organizations involved in the project, the nature of the project itself, and its area of application.
- 3Influence DiagramsThese are graphical representations of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes.
- 4MilestoneMilestone is a significant point or event in the project. Since milestones only indicate when a particular task is going to be started or completed, they will not have any duration, i.e., the duration for milestone is zero.
- 5Organizational TheoryOrganizational theory provides information regarding the way in which people, teams, and organizational units behave. Effective use of this information can shorten the amount of time, cost, and effort needed to create the human resource planning outputs and improve the likelihood that the planning will be effective.
- 6SMART GoalsThe performance goals should be SMART – Specific, Measurable, Achievable/Attainable, Relevant and Timely.
- 7Delphi TechniqueGathering input separately from multiple experts, then compiling it and resending it for review to the same experts. This allows for objective submission and review of ideas.
- 8WatchlistNon-critical risks documented during qualitative risk analysis for later review (during monitoring and controlling).
- 9Issue LogRisks that have been realized are documented here and provide a recourse to stakeholders when they cannot be handled immediately.
- 10SWOT AnalysisStrengths, Weaknesses, Opportunities, and Threats analysis of project.
- 11Pareto ChartHistogram (bar chart) organized by results to prioritize most critical to help identify root cause.
- 12Fast TrackingDoing critical paths in parallel that were originally sequenced.
- 13Change Control SystemStandardized processes, tools and OPAs like forms and software to track project changes.
- 14Preventative ActionAddress predicted, potential variance from PMP performance baselines.
- 15Benefit MeasurementA comparative approach to project selection. Methods includes murder board, peer review, scoring models, and economic models.
- 16Marginal AnalysisDetermines when the benefit of quality improvements equal expenses incurred to make them, after which the return is not worthwhile.
- 17Conformance AnalysisTracking how close to the baseline ( e.g. to product requirements) the project is.
- 18Design of ExperimentsStatistical experimentation that simultaneously changes all important variables for a faster, more accurate identification of the most critical.
- 19Nominal Group TechniqueA group’s ranking of ideas, usually those generated in same brainstorming meeting.
- 20Specification LimitArea on a control chart composed of that indicates the customer’s requirements.
- 21AttributeThe measurement of the variable.
- 22ParalingualVoice characteristics like pitch and tone.
- 23Work AroundReal-time contingency response to an issue, used in monitoring and controlling. Also referred to as ‘winging it’.
- 24Conflict Resolution TechniquesIn order of preference: confronting/problem solving, compromising, withdrawal, smoothing, collaborating, and forcing.
- 25Change Process stepsEvaluate the impact, create options, get internal approval, and get customer buy-in.
- 26Focus GroupA specific group of expertise discuss product ideas via a moderator.
- 27Product AnalysisWork may be needed during collect requirements to define the product being requested.
- 28Schedule BaselineThe schedule baseline is the agreed upon schedule for the project. It’s created via iterations during planning and part of the PMP.
- 29Management ReservesThe project funding allotment minus (what is budgeted) and the cost baseline (what is needed). Accounts for unforeseen expenses.
- 30Special ProvisionsContract changes to address a particular project’s risks, requirements, legal, or other issues.
- 31Constructive ChangesThings a buyer does that interfere with the seller’s ability to meet the contractual obligations. At that point the seller may file a claim.
- 32Standard DeviationThe amount of range, sigma or exactitude in an estimate.
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- Description
- Here's a summary of the top definitions and key terms which appear in the PMP exam. Use this Flashcard deck for a quick memory buzz before your exam.
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- Andrea Leyden
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