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  1. What is SPI (Schedule Performance Index)
    SPI=EV/PV

    • - SPI < 1.0 means the task is behind schedule
    • - describes what portion of the planned schedule was actually accomplished.
  2. What is TCPI (To Complete Performance Index)
    TCPI=(BAC-EV)/(BAC-AC)

    • - TCPI>1 = must increase performance to stay within budget
    • -
  3. What is the formula for SV (Schedule Variance)
    SV=EV-PV

    • - SV < 0 means the task is behind schedule
    • - identify schedule problems
    • - difference between worth and supposed-to-be worth of completed work
  4. What is formula for CV (Cost Variance)
    CV=EV-AC

    • - CV < 0 means the task is over budget
    • - identifies the area where spending more than budgeted
    • - difference between worth and cost of completed work
  5. What is formula for CPI (Cost Performance Index)
    CPI=EV/AC

    • - CPI < 1.0 means that the task is over budget
    • - ratio of worth to cost
    • - measure of cost-efficiency or efficiency of the budget
  6. Formulas Summary
    • CV=EV-AC
    • CPI=EV/AC
    • SV=EV-PV
    • SPI=EV/PV
    • TCPI=(BAC-EV)/(BAC-AC)
  7. What is the first stage of Initiating and planning a project.
    Plan the scope of the project
  8. What column chart shows the the number of te resources assigned to a project over time ?
    A resource histogram
  9. What is the mission of a project steering commeittee ?
    They provide oversight and governance to the project manager
  10. What 5 groups would be defined as the stakeholder in a project ?
    • 1. The project team
    • 2. The Sponsors
    • 3. The Suppliers
    • 4. The Representatives from the client's company who will use the deliverables
    • 5. Your company functional department heads.
  11. What does an SPI less than 1 means -
    a. The project is behind
    b. The project is ahead
    A. The project is behind schedule
  12. What does an SPI greater than 1 means -a. The project is behind b. The project is ahead
    B. The project is ahead of schedule.
  13. What are three characteristics of Project Management?
    • 1. On time
    • 2. On budget
    • 3. On scope
  14. What are the four characteristics of a project?
    • 1. Temporary
    • 2. Specific purpose
    • 3. Must have a beginning and an end
    • 4. Requires resources
  15. What 5 things should be done during the project Initiation and scope definition Phase ?
    • 1. Identify project objectives
    • 2. Develop project charter
    • 3. Define the business and technical requirements
    • 4. Identify project stakeholders
    • 5. Create project scope
  16. What are the three characteristics of project planning
    • 1. Define the scope
    • 2. Define the approach
    • 3. Define the team
  17. What are the three main phases to define the project?
    • 1. The project scope
    • 2. The project schedule
    • 3. The project budget
  18. What are the 6 characteristics of project strategy development and preliminary planning?
    • 1. Understand project motivation
    • 2. Define the requirements
    • 3. Project considerations
    • 4. Acceptance criteria
    • 5. Risk assessment
    • 6. Deploy preliminary approach
  19. What are the four types of cost estimates?
    • 1. Anologous
    • 2. Expert judgement
    • 3. Quantitative
    • 4. Parametric
  20. What is the formula for Pert estimate ?
    • PERT= 4R + O + P/6
  21. What are the four characteristics of cost of quality
    • 1. Prevention
    • 2. Apprasal
    • 3. Failure
  22. What are the four characteristics of Risk Management ?
    • 1. Identify
    • 2. Analyse
    • 3. Straergies
    • 4. Control
  23. What are the three risk profiles ?
    • 1. Adverse
    • 2. Seeking
    • 3. Nutral
  24. What are the four strategies of risk management ?
    • 1. Avoid
    • 2. Transfer
    • 3. Mitigate
    • 4. Accept
  25. What are the four characteristic of making a communication plan.
    • 1. What
    • 2. When
    • 3. Who
    • 4. How
Author
awilliams
ID
59595
Card Set
PPlus
Description
PPLus
Updated

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