Module 8/9/10/11_Chapter 8: Monitoring and Controlling Projects

Workarounds

unplanned responses to risk events

Constructive change orders

oral or written acts or omissions by someone with actual or apparent authority that can be construed to have the same effect as a written change order

Earned value management (EVM)

project performance management technique that integrates scope, time, and cost data

Planned value (PV)

authorized budget assigned to scheduled work

Actual cost (AC)

realized cost incurred for the work performed on an activity during aa specific time period

Earned value (EV)

measure of work performance expressed in terms of the budget authorized for that work

Budget at completion (BAC)

approved total budget for the project

Estimate at completion (EAC)

forecast of how much the project will cost upon completion

Status reports

describe where the project stands at a specific point in time

Progress reports

describe what the project team has accomplished during a certain period

Forecasts

predict future project status and progress based on past information and trends

Integrated change control

involves identifying, evaluating and managing changes throughout the project lifecycle

Tracking Gantt chart

Gantt change that compares planning and actual project schedule information

Slipped milestone

milestone activity that was completed later than originally planned

Adaptability

ability to respond to changing conditions

Resiliency

ability to absorb impacts and to recover quickly from a setback or failure

Burn charts

show project team velocity

Velocity

measures the productivity rate at which the deliverables are produced, validated, and accepted within a predefined interval

Burndown charts

show the amount of work (number of tasks) remaining compared to the plan

Burnup charts

show the amount of work (tasks) completed compared to the plan

Combined burn charts

show how much work has been completed and how much remains

Scope validation

formal acceptance of the completed project deliverables by the project customer or designated stakeholder

Check sheet

also called a tally sheet, is a structured form for collecting and analyzing data

Control chart

graphical display of data that illustrates the results of a process over time

Histogram

bar graph of a distribution of variables

Pareto chart

histogram that can help you identify and prioritize problem areas

Scatter diagram

helps show if there is a relationship between 2 variables

Stratification

technique used to separate data to see patterns in data

Run chart

displays the history and pattern of variation of a process over time

Flow chart

graphical display of the logic and flow of processes that help you analyze how problems occur and how processes can be improved