QUESTIONS AND ANSWERS
Change Control Board - ANS Group whose function is to review, approve or reject changes
on the project as they relate to the various areas of the represented bussiness
Change Control System - ANS Used to asses the impact and consequnces of requested
changes on the project
Contraints - ANS Factors that limits project options such as the number of people available,
amount of time or money available to finish the job or other resources or assest issues
1. Close out any contracts w/ outside vendors
2. Deliver any required reports assoc. w/ closure (Opa updates)
3. Complete any Close Project of Phase activites
4. Performed Lessons Learned
5. Complete Archives of any project Files (OPA updates)
6. Release resources for other projects - ANS General Closing Order of itmes for a project (6)
Opportunity that allows the team to learn from past experience and improve on the project as
the complete it. LL can come along before the end on the project . If they come at the end
administrative procedures come into play - ANS What are Lessons Learned?
1. To develop a consistent process to evaluate changes
2. To create an environment in which you can review and approve appropiate changes to
modify the project for the better.
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,3. To set communication standards so the project team can communicate those changes to the
appropiate stakeholders - ANS 3 main goals of a configuration mgmt system
Project Managment Plan - ANS A cumulative document that contains all the documents used
in the project mgmt apporach on the project. It describes the steps associated w/ executing,
monitoring and controlling and closing
Product Verification Lesson Learned
Updating records - Project files, contract files
Reporting Archiving Formal Acceptance - ANS Closing a Project Includes the Following (3)
When you perform project mgmt part of the concept of planning is to deal with items unkown,
here you must make assumptions for scheduling and budgeting. In most cases as the project
evolves you learn more about it - ANS Know Assumptions as they relate to a Project
PMIS - ANS Used for communication and information distribution on the project not
necessarily a high tech system but whatever is used for project communication on the project.
Normally a mixture of technology and non-technology.
Project Scope is built - ANS What is the result of Executing?
Project Charter and Stakholders are Identified - ANS What is the result of Initiating?
Corrective Action - ANS What is the result of Monitoring and Controlling?
results in the product, service or result transition of the project - ANS What is the result of
Closing?
Characteristics of the PMO (3)
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, A centralized area for all 1.PM personnel to and be assigned. 2. for documentation a process
support 3. For Project mgmt support and auditing of projects. - ANS Characteristics of the
PMO (3)
Mgmt by Projects - ANS Performing day to day operations by a project Mgmt approach...
Project Initiation - ANS The process that result in the authorization of a project..
Planning Process - ANS The process required to develop the activites to attain objective..
Project Mgmt - ANS Emcompasses project of similar work or correlated activites managed in
a coordinated way to attain benefits that could not achieved separately
Project Life Cycle - ANS Process of completing work on the Project. It is not the management
of the work, but rather the work process. Can be describe what work is done (and who does the
work ) in each phase of the project, what the deliverables are, and the approval for each phase
Sub Project - ANS A smaller piece of the project as a result of decomposition; is usually
created as a result of creating the work breakdown structure
Characterisitics of Project(5) - ANS Has a specific purpose Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn
Product Life Cycle - ANS Involves the product or service from concept to divestment (closure)
This cycle typically begins with a business plan end with a product or service
Project Mgmt Life Cycle in 5 process group - ANS Initating Planning Executing Monitoring and
Controlling
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, Closing
Projects (or project selection) are typically authorized as result of the following - ANS Market
Demand Strategic Opportunity Customer Request
Technological Advance Legal requirements
Program Management - ANS A group of related projects managed in a coordinated way to
obtain benefits and control not availble from managing the individually
Strategic Planning - ANS Practice by which a company looks into the furture for products or
services it must have, typically 3 to 5 years in the future. Projects are the tools that company
will use to implement the strategic goals
Scope time cost - ANS What is the triple contraints?
Quality gurus HR gurus Comm Channels Fromula
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas - ANS 10 things remember for a brain
dump
Process groups /Knowledge areas are number by - ANS 2 - 20 - 8 - 10 - 2
Portfolio - ANS A group of programs of projects related and managed in a coordinated way
to achieve specific strategic business goals
Program - ANS A group of related projected project that are managed to obtain synergistic
benefits and control
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