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What is the formula to calculate variance?
Standard Deviation Squared SD
2
What is the formula used to calculate Activity Variance
[(P-O)/6]
2
P = Pessimistic
O = Optomistic
Quality should be checked before an activity or work package is completed.
True
False
TRUE
Project definition
- temporary endeavor with a beginning and an end
- creates a unique product, service, or result
Process Groups
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
Knowledge Areas
- PM Framework
- PM Processes
- Integration
- Scope
- Time
- Cost
- Quality
- Human Resources
- Communications
- Risk
- Proceurement Management
Functional Organization Form - Advantages and Disadvantages
Advantages:
- Easier management of specialists
- Team members report to only one supervisor
- Similiar resources are centralized, as the company is grouped by specialists
- Clearly defined career paths in areas of work specialization
Disadvantages
- People place more emphasis on their functional speciality to the detriment of the project
- No career path in project management
- The project manager has little or no authority
Projectized Organizational Form - Advantages and Disadvantages
Advantages:
- Efficient proejct organization
- Loyalty to the project
- More effective communications than functional
Disadvantages
- No 'home' when project is completed
- Lack of professionalism in disciplines
- Duplication of facilities and job functions
- Less efficient use of resources
Matrix Organizational Form - Advantages and Disadvantages
Advantages
- Highly visible project objectives
- Improved project manager control over resources
- More support from functional areas
- Maximum utilization of scarce resources
- Better coordination
- Better horizontal and vertical dissemination of information
- Team members maintain a 'home'
Disadvantages:
- Extra administration is required
- More than one boss for project teams
- More complex to monitor and control
- Tougher problems with resource allocation
- Need extensive policies and procedures
- Functional managers may have different priorities than project managers
- Higher potential for conflict
Author
Nocona28782
ID
2352
Card Set
PMP
Description
PMP
Updated
2009-12-07T03:18:40Z
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