418005
Description
Flashcards by Peggy Torres, updated more than 1 year ago
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Created by Peggy Torres
over 10 years ago
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| Question | Answer |
| What is a project charter? | An informal contract between the project team and the sponsor (who represents senior mgmt. and the customer) |
| How is charter like a contract? | An agreement entered into freely by two or more parties; one party cannot arbitrarily change it; something of value for each party, a living document |
| Explain a living document? | This can evolve with changing conditions if both parties agree and receive value from the change |
| The project charter is a deliverable that grants the project team... | The right to a detailed planning stage of a project |
| Like a contract, the people who sign a charter are wise to ensure... | They understand & agree to every detail within it |
| Unlike a contract, both parties feel... | Obligated to the spirit of the charter regardless of change |
| Name the 4 major purposes for a charter? | Authorize the PM to proceed; Help the project team & sponsor develop a common understanding; to commit, to screen out poor projects |
| What additional benefits can occur once a common understanding is achieved? | Teamwork, Agreement, Trust, Commitment, Communication, No worry over Mgmt accepting decisions, Sponsor less likely to unilaterally change original agreement |
| What is another name for project charter? | Project request; project submission form; project preplanning form |
| The scope overview is also considered the... | Elevator speech; to describe their project |
| What is the product scope? | The features & functions that characterize a product, service or result |
| What is requirements? | A condition or capability that must be met to satisfy needs, wants & expectations of the stakeholder |
| What is project scope? | How the work is performed to deliver a product, service or result |
| What is scope creep? | Adding features & functionality w/o addressing the effects of time, costs, resources or w/o customer approval |
| What does the business case answer? | The question "why" & helps all parties understand the purpose of the project |
| What is background? | More details about the project |
| What is a milestone schedule? | A summary level schedule that identifies the major milestones or significant points in a project |
| What is a deliverable? | Any unique & verifiable product, result or capability used to perform a service that must be produced to complete a phase, process or project |
| What is acceptance criteria? | Criteria, including performance requirements & acceptable conditions that must be met before project deliverables are accepted |
| Acceptance criteria are like... | The project's vital signs |
| What is a risk? | An uncertain event or condition that has a positive or negative effect on a project's objectives |
| What are assumptions? | Factors for planning purposes that are true, real or certain w/o proof or demonstration |
| What is a constraint? | An applicable restriction or limitation, either internal or external, that will affect the performance of the project |
| Name 3 reasons managers should look at risks | 1. May inhibit successful completion; a plan is developed to overcome it |
| Name 3 reasons why managers look at risks | 2. One that creates a positive effect; a plan is made to capitalize upon it |
| Name 3 reasons why managers look at risks | 3. Would there be more risk to the organization for not completing the project? |
| Why are team operating principles established? | To enhance team functioning |
| What is "lessons learned"? | The learning gained from the process of performing the project |
| What type of commitment do the signatures signify on a charter? | Formal |
| Name the 6 steps in constructing a milestone schedule | 1. Briefly describe the current situation that requires the project in 3-4 words; in the first row of the column |
| Name the 6 steps in constructing a milestone schedule | 2. Describe the project at its successful completion in 3-4 words; in last row of column |
| Name the 6 steps in constructing a milestone schedule | 3. Describe the acceptance criteria for the final deliverable; in the bottom row of the 3rd & 4th column |
| Name the 6 steps in constructing a milestone schedule | 4. Determine key points where quality needs verification |
| Name the 6 steps in constructing a milestone schedule | 5. Determine who the primary stakeholder is for each milestone and how they will judge the deliverable |
| Name the 6 steps in constructing a milestone schedule | 6. Determine expected completion dates for each milestone |
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