PM, SDLC, STLC, Scrum, Agile

This document identifies and controls all project activities from beginning to the implementation.

Project Schedule

This type of service provider has multiple customers which could exist as either internal or external entities.

External Service Provider

The value of a product or service delivery should be defined in business terms and always from the perspective of the receiving customer. 

True

In this lifecycle stage of product/service delivery, an architectural blueprint or schematic is created to identify which components will be used and how those components will fit together.

Execution

This area of attention defines the work to be done, including "how much work"?  The components of this document will include all quality and cost expectations.

Scope

This is an uncertain event or set of circumstances that, should it occur, will affect the achievement of objectives.  It is measured by a perceived probability of occurrence and magnitude of impact.

Risk

In the concept of value, Customers determine value based on business outcomes.  What specific attributes are used to determine their perception of value?

Circumstances, needs/wants, and perceptions

This GROUP includes all interested parties.  It identifies those who are affected, and also those who are involved.

Stakeholders

In the lifecycle of product creation, this is the stage where markets are identified, size of market is verified, and customer's willingness/ability to pay is understood.

Planning

This entity "consumes" whatever has been produced for their use.

User

This tool helps project managers to identify and deal with all stakeholders.  Each stakeholder is assigned a designation to identify their level of involvement in the project.

RACI Matrix/Model

In the lifecycle of product creation, this is the stage where a prototype is build to verify that the planned build is complete.  This is also where testing occurs.

Execution

Delivery of VALUE is an important topic in project management.  Value is defined as: "the monetary worth of something", but that definition is often incomplete.  When an individual or business customer evaluates the value of something, identify the elements that are actually the basis of a value definition.

Circumstances, needs, wants, perception

This term identifies something that we must decide how to deal with or avoid.  The occurrence could be a positive event or a negative event.

Risk, Incident

In the lifecycle of product creation, this is the stage where the final product/service is made available for the customers use.

Operations

This must either improve the customer's performance or minimize or remove a constraint that the customer has to deal with.  It does not have to do both.  Which attribute of Value is this question describing? Choose 2 below

Utility, Fit for Purpose

This is a plan for lessening the probability of occurrence.  This plan is documented in the Risk Register.

Mitigation Strategy

This event is an occurrence that is always negative.  When dealing with this event, organizations will often try to resolve it with a "workaround".

Issue