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ISMN-5370 EXAM 2 STUDY GUIDE

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ISMN-5370 EXAM 2 STUDY GUIDE

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ISMN-5370
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ISMN-5370









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Institution
ISMN-5370
Course
ISMN-5370

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Uploaded on
April 30, 2025
Number of pages
7
Written in
2024/2025
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ISMN-5370 EXAM 2 STUDY GUIDE
Scope - Answers :

Decomposition - Answers :A method used for dividing and subdividing the project scope
and project deliverables into smaller, more manageable parts.

Work package - Answers :The work defined at the lowest level of the work breakdown
structure for which cost and duration are estimated and managed.

Break-even analysis - Answers :Break-even analysis entails calculating and examining
the margin of safety for an entity based on the revenues collected and associated costs

-shows how many sales it takes to pay for the cost of doing business

Scope Validation - Answers :Process of ensuring that the product, service, or result of
the project matches the documented scope
-Concerned with Completeness
-Concerned with Acceptance of product by project manager, sponsor, customer, and
others
-If project is cancelled before completion, Validate Scope should be performed to
document where the product was in relation to the scope at the point when the project
ended

Outputs:
• Acceptance of Deliverables
• Work Performance Information

Prototyping - Answers :A working model used to obtain early feedback on the expected
product before actually building it.

Project Scope Management Processes - Answers :1) Plan Scope Management
- Scope Management Plan, Requirements Management Plan
2) Collect Requirements
- Requirements Documentation, Requirements Traceability Matrix
3) Define Scope
- Project Scope Statement
4) Create WBS (Work breakdown structure)
- Scope Baseline
5) Validate Scope
- Accept Deliverables
6) Control Scope
- (Scope) Change Requests, Work Performance Information

, Collecting Requirements - Answers :involves defining and documenting the features
and functions of the products for the project as well as the processes used for creating
them.

Benchmarking - Answers :Benchmarking is a comparison of actual or planned products,
processes, and practices to those of comparable organization, which identifies best
practices, generates ideas for improvement and provides a basis for measuring
performance.

RTM (Requirements traceability matrix) - Answers :A grid that links products
requirements from their origin to the deliverables that satisfy them.

Defining Scope - Answers :involves reviewing the scope management plan, project
charter, requirements documents, and organizational process assets to create a project
scope statement (Description of the project scope, major deliverables, and exclusions),
adding more information as requirements are developed and change requests are
approved.

Creating the Work Breakdown Structure - Answers :involves subdividing the major
project deliverables into smaller, more manageable components.

What is a scope baseline, what are its components, and why is it important? - Answers
:The approved version of a scope statement, work breakdown structure (WBS), and its
associated WBS dictionary that can be changed using formal change control
procedures and is used as the basis for comparison to actual results

Schedule - Answers :

Activity - Answers :an element of work normally found on the work breakdown structure
that has an expected duration, a cost, and resource requirements

SMART - Answers :• Specific
• Measurable (Meaningful)
• Assignable (Achievable)
• Realistic (Relevant)
• Time-framed (Timely)

Milestones - Answers :A significant point or event in a project, program, or portfolio.

Sequency Activities (Dependencies, Network Diagrams) - Answers :involves evaluating
the reasons for dependencies and the different types of dependencies

Mandatory dependencies: inherent in the nature of the work being performed on a
project, sometimes referred to as hard logic
• Cannot be broken
• Aka hard logic

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