CMGT 410 PROJECT MANAGEMENT PRE-TEST
Basically you can think of project management as involving five key processes:
1) initiating
2) planning
3) executing/implementing
4) controlling, and
5) closing
The project life cycle is:
1) conceptual phase
2) definition phase
3) planning phase
4) design phase
5) implementation/execution phase
6) acceptance phase
7) close-out
Fill in the blank:
Benchmark
Bottom-up estimating
Charge Back
Cost baseline
Cost plus contract
Critical path method
Critical Success Factors
Earned Value Reporting
Fixed price contract
Gantt chart
Overburden
Pareto diagram
PERT
Project charter
Project scope
Request for Proposal
Resource Leveling
Scope statement
Top-down estimating
Work breakdown structure
A project charter is a document issued by senior management that formally authorizes
the existence of a project and provides the project manager with the authority to apply
organizational resources to project activities
The scope statement provides a documented basis for making future project decisions
and for confirming or developing common understanding of project scope among
stakeholders.
The work that must be done to deliver a product with the specified features and functions
is called the project scope.
With a fixed price contract the project or assignment must be completed as specified for
a fixed amount of money.
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With a cost plus contract, also known as a cost disbursable contract, the cost is
disbursable -- the buyer agrees to reimburse the supplier for the work done and money
spent., and then pay a fixed fee (smaller than in the fixed price contract) when the work is
completed
Generally speaking, a Request for Proposal is a type of bid document used to solicit
proposals from prospective sellers of products or services
In controlling tasks, their duration, and what has precedence when you are most likely
going to want to develop some type of chart that shows timeframes and scheduling. A
chart that is commonly used for this purpose is the Gantt chart, otherwise known as a
bar chart
A work breakdown structure is defined as "a deliverable-oriented grouping of project
elements that organizes and defines the total work scope of the project. Each descending
level represents an increasingly detailed definition of the project work
PERT makes use of the normal probability distribution
The critical path method is a network analysis technique used to predict project duration
by analyzing the sequence of activities that has the least amount of float
A cost baseline is a time-phased budget that will be used to measure and monitor cost
performance on the project
A useful tool for determining areas to concentrate on in relation to quality control is a
Pareto diagram.
Top-down estimating is also sometimes called Analogous estimating. In this type of
estimation you weigh heavily your past experiences. You use the actual cost of a
previous, similar project as a basis for your budget for this project.
With Bottom-up estimating you estimate the cost of each activity or work package and
the summarize by rolling up the individual estimates to get the total cost.
A commonly used tool for measuring the budget as compared to the project schedule is
called Earned Value Reporting.
Critical Success Factors are measurable factors that create an environment conducive to
project success
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