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An approach used to optimize project life cycle costs, save time, increase profits, improve quality, expand market share, solve problems, and/or use resources more efficiently.
VALUE ENGINEERING (see Product Analysis Tools and Techniques)
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What is brainstorming, nominal group technique (voting and ranking ideas), Delphi technique (blind/anonymous), idea and mind mapping, affinity diagrams (grouping into categories)?
GROUP CREATIVITY TECHNIQUES
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What is, Unanimity (all agree), Majority (over 50%), Plurality (largest block), Dictatorship (one person decides), Consensus (all agree to go along, even if it's not their first choice)
GROUP DECISION MAKING TECHNIQUES
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What describes in detail the projects deliverables and the work required to create those deliverables; it contains explicit project inclusions and exclusions, acceptance criteria, assumptions, and constraints?
PROJECT SCOPE STATEMENT
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What is the difference between Project vs. Product Scope?
Project scope is measured against the project management plan, whereas product scope is measured against the product requirements.
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What is the process of continually breaking down project deliverables into small parts to the point where activity costs and durations can be reliably estimated and managed?
DECOMPOSITION
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What is a deliverable–oriented hierarchical decomposition of work to be completed on the project, each lower level represents an increasingly detailed definition of work; lowest level is the work package; each node has a unique identifier?
WBS (WBS dictionary: provides a detailed description of each WBS component.)
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What includes the WBS, WBS dictionary, and Project Scope Statement?
SCOPE BASELINE
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What does this image describe?
A WBS. (WORK BREAKDOWN STRUCTURE)
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