miller exam

Directives

New requirements imposed by management, government, or some external influence

Performing qualitative risk analysis

Involves prioritizing risks based on their probability and impact of occurrence

Collecting requirements

Planning process associated with project scope management

Quality

Project management that ensures the project satisfies the stated/implied needs

Risk avoidance

Involves eliminating a specific threat, usually by eliminating its causes

Residual

Risks that remain after all response strategies have been implemented

Risk register

Document containing results of various risk management processes

Point of Total Assumption (PTA)

Cost where contractor assumes total responsibility for each additional dollar of contract cost

Source selection

Process of choosing suppliers or sellers

Status reports

Describe where the project stands at a specific point in time

Scope validation

Involves formal acceptance of the completed project scope by stakeholders

Critical path

Determines the earliest completion date of a project

Deliverable

Product produced as part of a project

Issue log

Tool used to document, monitor, and track problems that need resolution

Reliability

Ability of a product or service to perform as expected under normal conditions

Project sponsor

Provides direction and funding for a project

Defect

Any instance where the product or service fails to meet customer requirements

Performance

Addresses how well a product or service performs the customer’s intended use

Fitness for use

Means that a product can be used as intended

Sensation/Intuition

MBTI dimension related to how information is gathered

Visionary

Leadership style appropriate when an organization needs a new direction

Increases, increases

As the number of people involved in a project increases, the complexity of communications increases

Voice mails

Example of push communication

Expectations management matrix

Ranks scope, time, and cost goals in order of importance

Performing quantitative risk analysis

Involves numerically estimating the effects of risks on project objectives

Compromise

Project managers who use this method resolve conflicts with a give-and-take approach

Statement Of Work

Description of the work required for a procurement

Risk-averse

Risk utility rises at a decreasing rate for a ___ person

Accomplishments

Describe what the project team has achieved during a certain period

Project Scope Management

Planning process within this knowledge area

Work Package

Task at the lowest level of the WBS

Work Breakdown Structure (WBS)

Deliverable-oriented grouping of work defining the total scope

Schedule variance

Measure of deviation from the project schedule

Fast tracking

Involves doing activities in parallel that are normally done in sequence

Communication channels

Calculated by the formula n (n-1)/2 for five people

Sensitivity analysis

Technique showing effects of changing variables on an outcome

Mirroring

Refers to matching certain behaviors of the other person

Rough order of magnitude

Analogous estimates are also known as this

Cost management plan

Helps develop an accurate projection of a project’s financial expenses and benefits

Exploiting

Involves doing whatever possible to ensure positive risk occurs

Firm Fixed Price (FFP)

Contract carrying the least risk for suppliers

Secondary risks

Refer to those that are direct results of implementing risk responses

Resource leveling

Technique for resolving resource conflicts by delaying tasks