project managment
week3
week3
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Flashcards
what are the steps to develop a WBS?
-List end project (only 1 box at this level)
-identify major deliverables
-Decompose deliverables in sub-deliverables & work packages
-Assign coding scheme
-assign responsibility for deliverables at the lowest level
What are the guidelines for developing a WBS?
-Deliverables should be expressed as nouns
-Each WBS element should be expressed a single tangible deliverable
-if a deliverable is broken down, it should contain at least 2 sub-deliverables
-WBS does not contain tasks
what does serial activities mean in context of project scheduling?
Serial activities are those that flow from one to the next
what does concurrent and parallel project paths mean?
When the work allows for more than one activity to be accomplished at the same time
what are merge activities?
several activities that are followed by the same next step
What are burst activities?
One activity with several next steps
what is the critical path?
The path through the network with the longest duration
what is a forward pass?
an additive move through the network from start to finish
what is a backward pass?
a substractive move through the network from finish to start
what is agile project management?
project managing that places a premium on flexibility and evolving customer requirements throughout the development process.
when does a waterfallmodel work best?
When the project is of short duration, resources with required expertise are available freely, technology is understood, product definition is stable, requirements are very well understood
what is the difference between cost management, cost accounting/control and estimation
Management --> encompasses data collection, cost accounting and cost control
accounting/control --> chief mechanism for identifying and maintaining control over project costs
cost estimation--> processes create a reasonable budget baseline for the project
what are the different cost classifications?
Direct vs indirect, recurring vs. nonrecrurring, fixed vs. variable, normal vs. expedited
what are the 4 steps of activity-based costing?
1. assign cost
2. identify cost drivers
3. compute a cost rate
4. multiply the cost driver rate times the volume of cost drivers untis used by the project
What is a function point an function point analysis?
function points --> standard unit of measure that represents the funcitonal size of software applications
function point analysis--> system of estimating the size of software projects based on what the software does
what are the 4 stages of project control cycles?
1. setting a goal, 2. measuring progress, 3. comparing actual with plannec, 4. taking action and recycling the process
what are milestones?
events or stages of the project that represent a significant accomplishment.
Milestones show completion, signal the team and suppliers, can motivate the team, offer reevaluation points
what are the 5 risk parameters in construction?
1. Deadlines 2. costs 3. contacts 4. quality 5. performance
what are the 4 stages in risk management process?
1. risk identification 2. risk classification and assesment 3. definition of measurements 4. risk monitoring and reporting
how can you classify risks?
with manitude in CHF (x) and probability in % (y)
what are 4 risk management approaches?
1. Risk avoidance 2. Risk reduction 3. Risk transfer 4. Acceptance of risk
