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When do you gain agreement on a single definition among multiple stakeholders as to what
they want the project to look like. Kickoff Meeting
What is the goal for the second kickoff meeting? Agree to the Plan and Commit to it
What is the goal for the first project kickoff meeting? Get everyone to define the project.
What makes up the "Iron Triangle"? Cost, Quality, and Time
Why is the critical path considered critical? Any delay in the critical path delays the project
finish date.
Critical tasks are the tasks on the longest/slowest path
Jerome has organized his Post-it notes and is now estimating durations. What is a typical
practice for estimating durations at this stage? Using average times in weeks
Mel's project will take an average of 24 weeks to complete, and worst case is 36 weeks. To be
90 percent safe, he should add some contingency. What contingency would you recommend
that Mel take? 36 - 24 = 12W 12W/2 = 6 Weeks
Your boss needs a quick way to view the project you are managing. You decide to use Excel and
create a Gantt chart. What is the first step in creating a Gantt chart? List the critical path
tasks first.
Kendall and her team are preparing a list of risks and entering them in a risk assessment chart.
How do they calculate the weighted factor? Risk x Impact Factor
,In considering risks, which two factors do you assess? Likelihood and Seriousness
The PM and the accountant are reviewing the financial information of a project. Which
assumption should the accountant refrain from making? The project is linear.
You are on a nine-month project. At what point is it a best practice to replan by asking the
customer for more time or money? During months four, five, and six
You are at the end of a very long project, and the last task to complete is a review. What is the
benefit of performing a project review with your team? To learn for the next time.
Turbine, Inc. is implementing a wind energy project. The key driver for the project is quality.
What should the PM do with the key driver? Add a safety margin to the key driver.
Jillian is trying to figure out how to add a safety margin to her project. Which action would give
her the best safety margin? Add the safety margin across the critical path
What is the most common limitation for an organization that is doing multiple projects? The
available resources (people).
Before you start a project, what are the three constraints you need to understand? Cost,
Quality, Time
Paola is adding a contingency to her project. Which practice should she refrain from following?
Adding the safety margin to the end of the project.
For great analysis results, BAs need to understand and analyze the linkages between
process, rules, and data.
, Understand the industry and market, understand the context your organization operates in,
and understand how your work aligns to the larger goals. Business Acumen
A measure of the relative spread of the data Standard Deviation
What are the components of a predictive analysis? Business Acumen, Past Events, Future
Predictions
What is "Thinking about Data" Know your role, understand different situations, and think
about simple summary statistics
Define Goals Discovery
Organize Resources Discovery
Gather data through API's Data Acquisition
Make Visualizations Data Exploration
Create Statistical Models & Linear Regression Predictive Modeling
Extraction of Patterns, Machine Learning Algorithms, etc. Data Mining
What types of analyzing methods are used for descriptive analysis? Summary Statistics,
Clustering, and Regression