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Flashcards in PM cards 10th 20 Deck (32)
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1

The roles and responsibilities document is part of what plan?

The resource planning phase of the planning group process.

2

What is a project organization chart?

it provide a snapshot of who is working on the project, but it also shows the reporting structure.

3

What is the staffing management plan?

Documents when and how human resources will be added to and released from the project team and what they will be working on while they are part of the team.

4

What occurs during the staff acquisition process?

you'll choose the team members (or organizations) who will work on the project.

5

What is procurement planning?

the process of identifying the goods and services required for your project that will be purchased from outside the organization.

6

The ____________ details the goods or services you want to procure.

Statement of Work

7

What are the two components of Human Resources Planning?

Organizational Planning amd Staff Acquisitions

8

Analogous estimating is also known as?

Top-Down Estimating.

9

Cost estimating occurs during which of the five process groups?

Planning Process Group

10

What is the least accurate of all the cost estimating techniques?

Top-down estimating.

11

What cost estimating technique is best to use in the beginning planning stages of any project?

Top-down estimating.

12

What is bottom-up estimating?

It assigns a cost estimate to each work package on the project.

13

What is the most accurate type of cost estimating?

Bottom-up estimating.

14

What is work effort?

The total time it will take for a person to complete the task if they do nothing else from the time they start until the task is complete.

15

A work effort estimate is also referred to as a ________________.

Person-hour estimate.

16

In a bottom-up estimate the total cost of each task is figured by multiplying __________ by ____________.

Work Effort by Rate

17

What is the Cost Budgeting Process?

The process of aggregating all the cost estimates and establishing a cost baseline for the project.

18

What is the cost baseline?

The total expected cost for the project.

19

The __________ is used throughout the remainder of the project to measure the overall cost performance.

cost baseline

20

The ____________ is used to track the actual expenses incurred against the estimates.

Project Budget

21

Project budgets are usually broken down by specific _______________ that are defined by the accounting department.

cost categories

22

Salary, hardware, software, travel, training, and materials are examples of __________________ used in project budgets.

specific cost categories

23

What is a contingency reserve?

a certain amount of money set aside to cover costs resulting from possible adverse events on the project.

24

A contingency reserve is usually a ____________ of the total project cost.

percentage

25

What is a management reserve?

An amount set aside by upper management to cover future situations that can't be predicted.

26

The contingency reserve is usually under the discretion of the _______________, while the management reserve is under the discretion of __________________.

project manager, upper management

27

Management reserves (are/are not) part of the project budget or cost baseline.

are not

28

All future expenditures and variances will be measured against _____________.

the cost baseline

29

What is quality planning?

the process of identifying quality standards that are applicable to your project and determining how your project will meet these standards.

30

The four most common quality tools and techniques are?

Cost-benefit analysis, benchmarking, flowcharting, and cost of quality