Actual costs − Costs that have been incurred for tasks, resources, or assignments. 10 terms. Project baseline refers to a snapshot of the project taken at a certain time. - Defines how to estimate, acquire, manage, and utilize physical and team resources. Project Schedule Management According to the PMBOK. Plan Quality Management B. Why is a project charter a useful communication tool? Deliverables and Outcomes Baseline Project Plan (BPP) The major outcome and deliverable from the project initiation and planning phase. Alpha Project Managers: what the top 20% know that everyone else does not gets you inside the minds of these top managers and shares their practices, their attitudes, and their secrets. A project's baseline is defined as the original scope, cost and schedule. The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than ... The project control process starts with establishing a baseline plan that shows how the project scope will be accomplished on schedule and within budget. Reserve Analysis 3. This edition incorporates current research methodology—including molecular and genetic clinical research—and offers an updated syllabus for conducting a clinical research workshop. Term. This preview shows page 11 - 13 out of 30 pages. - Covers the most number of processes. The child's teacher or another faculty member would measure the baseline rate of the student's off-task behavior before implementing a behavior modification system designed to increase the student's on-task behavior. Infrastructure is essential for development. Cliquez sur la fleche "réponse" pour afficher la réponse. Total and periodic project funding requirements are derived from the: This will include projected expenditures plus anticipated liabilities, This method compares the performance measurement baseline to the actual schedule and cost performance, This is the authorized budget assigned to scheduled work (for an activity or WBS component, not including management reserve), This metric is sometimes referred to as the performance measurement baseline (PMB) or Budget at Completion (BAC), Earned Value needs to be related to the PMB and cannot be greater than the authorized ______ budget for a component, This metric is often used to calculate percent complete for a project, This is the realized cost incurred for the work performed on an activity during a specific period of time (total cost incurred in accomplishing the work that the EV measured), This metric needs to correspond in definition to what was budgeted in the PV and measured in the EV, This metric has no upper limit; whatever is spent to achieve the EV will be measured. Project Planning Stage. This new edition also features significant updates in research, trends, instruction best practices, and social skills assessment. Comprehensive text covers the entire developmental period through adolescence. As stated in the PMP certification course, it belongs to the project management knowledge area called Scope Management.The aim of PMP Scope Management is to define what will be done and what will not be done during the project. - tangible or intangible object produced as a result of the project that is intended to be delivered to a customer. The project resources require regular, ongoing control procedures to ensure they are being used most efficiently, that they are performing the required tasks, and so on. It can be collected through various measures including: percent accuracy, frequency, duration, rate and intervals. Highlight the key elements of your project plan in an executive summary An executive summary is a brief description of the key contents of a project plan. Agreements 9. Risk Register 8. This measures project performance on cost whereas Cost Variance measures how much over / under the project is running. The project scope statement is a frequently used term in Project Management. costs. Developing a Project Plan Terminology • An activity is an element in the project that consumes time. Once your project's been given the go-ahead, it's time to stamp out the scope, schedule, and cost of a project. The project planning phase includes the following components: Creating a Project Plan; A project plan is a blueprint of the entire project. PROJECT DESIGN 2.1 Project activities The design of the intervention will be characterized by five sets of interrelated activities: a) Baseline assessment, comprised of two parts: community profile 1 and community profile 2, and KAP study among the youth. Project Definition and Planning. c) Public health interventions lasting 24 months. A representation of the plan for executing the project's activities including durations, dependencies, and other planning information, used to produce a project schedule along with other scheduling artifacts. Found insideFamilies Caring for an Aging America examines the prevalence and nature of family caregiving of older adults and the available evidence on the effectiveness of programs, supports, and other interventions designed to support family ... Oh no! The information in Project Schedule is used to develop a cost schedule that indicates when the costs are planned to . Project charter. It may be a summary or a detailed document and may include baselines, subsidiary management plans, and other planning documents. Defined as the sum of all resources, deliverables, features, and tasks within a given project, your project scope is the boundary in which your entire project exists. Found insideThis book offers vital new perspectives on how to apply the WBS to today's different types of projects that produce products, services or results. The simple definition of a project baseline is the starting point for your project plan. Cost of Conformance: money spent during the project to avoid failures, Total Number of Potential Communication Channels, Leverage existing organizational process assets particularly legal contractual relationships. Project Schedule is a component of the project management plan and it reflects planned start and finish dates for the project activities, milestones, time-frames for individual activities and work packages, and auditing calendars. How do you write a project plan? Questions examen PMP série 3/4. C) Scope management is accomplished in a single step by any one project team member. Schedule Variance and Cost Variance are two important parameters in earned value management, helping you analyze the project's progress, i.e. It is a fixed reference point to measure and compare your project's progress against. Basis of Estimates 5. In business, the success of a project or product is often measured against a baseline number. A baseline is used to perform analysis to find current performance against to the expected level for a specific activity in established time-phase. LS 3770 Final Exam. Whereas once it took centuries of exploration to yield an accurate map of the world, we can now move faster and create a map of human health that can impact humanity within our lifetimes. b) Training of local partners. The EVMS monitors the following three key dimensions: Planned Value (PV) Earned Value (EV) Actual Cost (AC) The key benefits of using EVMS are: Accurate display of project status. Baseline plan. - Aggregates the estimated cost of the activities into one authorized cost baseline. Organizational Process Assets (OPAs) 1. Establishes the total scope or the project, refines the objectives, and defines the course action to achieve the project objectives. read. Project Management Plan - A PMP brings together all planning documents like schedules, resources, budget and scope statement for a project. Historical Relationship 5. - Parallel tasks shorten the project schedule. Project management plan Schedule managemnt plan Scope baseline 2.Project documents Activity attributes Activity list Assumption log Basis of estimates Duration estimates Lessons learned register Milestone list Project schedule network diagrams Project team assignments Resource calendars Resource requirements Risk register 3.Agreements 4.. Enterprise environemental factors 5.Organziational proc Planning phase determines the scope of the project as well as the objective of the project. Each of those tasks is broken into smaller tasks, until the work has been divided into a number of small tasks that can be managed and estimated. Answer − C. Hint − PMBOK 5 Page 66 Sec 4.1 Develop Project Charter; Page 16, Sec 1.7 Role of the Project Manager (13) Your company has an emergency and needs contracted work done as soon as possible. Project scope statement, WBS, and WBS dictionary - these are all inputs into the: This is an approved version of the time-phased project budget, excluding management reserves; it is developed as a summation of the approved budgets for the different schedule activities. To create an accurate project budget or schedule you need to identify 100% of the project scope. how are you performing in terms of schedule and cost. Funding Limit Reconciliation 1. - Resource leveling: adjusting start and end dates based on available resources. Plan Schedule Management Process: 9 Items to Include in the Plan. TABLE 4-3: Types of Activities Performed During Project Initiation • Establishing the project initiation team • Establishing a relationship with the . The project charter and project plan make up the project's strategic plan. This WHO's report provides a global overview of progress towards each of the health MDGs to date and identifies the challenges to be addressed if we are to meet the goals. The Project Manager will be responsible for ensuring the project schedule is updated with the latest information and never more than three business days out of date. . Here are the five life cycle phases of project management: 1. Cost baseline, an output of the Determine Budget process. He has found a IT, accounting, purchasing, etc. What is the main purpose of project plans quizlet? What purpose does it serve once the project team begins to execute the project plan? What are product- oriented processes? Whether you are a seasoned professional, novice, student, or instructor of project management, you will appreciate Q & As for the PMBOK Guide Fourth Edition for its rich content and ability to test your skill and knowledge. And like the traveler, the project . - concerned w/defining & coordinating the activities & controls needed to manage the project. A Project Charter is a formal document that authorizes the project team to execute project activities and provides the project manager with the ability to apply organizational resources to project activities. As project managers, it is necessary to consider a plan for your project that includes all the Project Management skills, knowledge, and tools & techniques. The project's performance can be monitored and controlled based on the cost baseline. How does the project charter support the project plan? This knowledge area has six processes. Project management plan, WBS, scope statement b. This practice guide is aligned with other PMI standards, including A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Sixth Edition, and was developed as the result of collaboration between the Project Management ... a. Include payments for actual costs associated with the procured items + a seller's fee which includes profit. Expert Judgment 4. • Burst activities has more than one activity immediately following it. How Baseline of Behavior Works. A. Definition: Risk mitigation planning is the process of developing options and actions to enhance opportunities and reduce threats to project objectives [1]. LEADING IN A CULTURE OF CHANGE "Valuable insight for leaders who must be able to operate under complex, uncertain circumstances." —Quality Management Journal "Leading in a Culture of Changeprovides some sensible, practical, and sometimes ... This provides framework for Cost Management Plan, This is a quantitative assessment of the likely costs for resources required to complete the activity, This document describes the estimating methods that can be used, and the level of precision and accuracy required for the cost estimate, This describes activity and resources needed for project management team to achieve the quality objectives. - focus on the tangible results of the project. Source: NETSSAF (2008) The purpose of the baseline data collection within the planning procedure is to collect background information that is essential to determine the requirements for an adequate sanitation and water project - both from a technical point of view, and from the user's perspective. A. - The project scope defines work that needs to be completed in order to achieve the project's MOV. Simple, practical, and relevant metrics are vital to implementing practical and sustainable project management practices and processes in any organization. The objective of the baseline is seeing how far the actual results deviated from the plans. Only a minority of people with social anxiety disorder receive help, but this guideline demonstrates that effective treatments exist and it aims to increase identification and assessment so that people can access interventions to help them ... In _____ sleep, the fetus may be observed to have infrequent or absent body movements, normal FHR baseline, minimal variability, and a nonreactive NST, but may respond to external stimuli. In Software Requirements, you'll discover practical, effective techniques for managing the requirements engineering process all the way through the development cycle--including tools to facilitate that all-important communication between ... Below are tools & techniques of which process? Baseline - The baseline is the original approved project . - Identifies the quality requirements and/or standards for the project and its deliverables, and documents how the project will demonstrate compliance with relevant quality standards, - Facilitates the development of an appropriate approach and plan for communicating with stakeholders based on their information needs and requirements, and available resources, - Documents procurement decisions, specifies the approach, and identifies potential sellers, - Numerically analyzes the aggregate effect of identified risks to overall objectives. The second project management step is definition and planning. Project . - It will define the project throughout it's existence. The difference between planned and actual progress is the variance. Risk Register 8. Project Scope is the description of all the work that needs to be done to create deliverables and achieve the project objective. These are budgets reserved for unforeseen work that is within scope of the project. Managing the project schedule can be . What is the difference between contract closure and administrative closure? Project Planning phase covers about 50% of the whole process. Agreements 9. 65 terms . Found insideThis edition of The State of Agricultural Commodity Markets focuses on the complex and underexplored intersection between agricultural trade, climate change and food security. The IBR is conducted to obtain government and contractor . Cost Aggregation 2. Planning Process Group. Scope Baseline 3. When you're wondering whether you're on track and within budget, the good or bad news can be found in the baseline. - Crashing: shorten the schedule duration for the least incremental cost by adding resources, - Represents the approved-version of the time-phased project budget, Project overview that shows only the start and end of major deliverables, along with key external dependencies, Shows a breakdown of project deliverables, Lists project activities or work packages under the organization's existing departments, units, or team (e.g. kelli_cuthbertson . This document is used to define the approach the project team takes to deliver the intended . Configuration Management addresses the need for establishing a methodology to control the various elements of the change and validation processes. Cost Management Plan 2. In Project Management, Baseline refers to the accepted and approved plans & their related documents. Funding Limit Reconciliation 1. The information collected and assembled into the Project Plan is used by the Project Manager to guide the project execution, document the planning decisions made throughout the project, document the planning assumptions, and provides a baseline for future performance, decisions, and changes. Individual estimates can then be aggregated to arrive at a reasonable estimate, Improve the accuracy of single-point activity cost estimates by using three-point estimates (most likely [m], optimistic [o], and pessimistic [p]) by factoring uncertainty and risk. B. Baseline data is a measurement that is collected prior to intervention or teaching starting. Project portfolio management definition. To examine cost in a project life cycle, you should be aware of these terms and what they mean in MS Project 2013 −. You can keep this up as many as 11 times. If you are studying for PMP Certificate, one of the PMP exam requirements is enrolling in a PMP course to get your 35-hours of PMP education. It's a five-phase method—Define, Measure, Analyze, Improve and Control—for improving existing process problems with unknown causes. Scope baseline is referred to as the approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed only through formal change control procedures and is used as a basis for comparison. - contract closure - ensures all deliverables & terms have been completed & delivered. This volume in particular aims to support food business operators, quality assurance managers, food safety-policy makers and risk managers. Provide three examples of some typical tasks in an IT project. 2. each phase provides at least one specific deliverable. For instance, a project baseline is taken once the project planning process is finished, and later. Project plan. NAMED ONE OF THE BEST BOOKS OF THE YEAR BY Bloomberg • Forbes • The Spectator Recipient of Foreign Policy's 2013 Albie Award A powerful portrayal of Jeffrey Sachs's ambitious quest to end global poverty "The poor you will always have ... This book was written for those who design, implement and evaluate programs to foster sustainable behavior. About the Author Doug McKenzie-Mohr is the founder of community-based social marketing. Citing specific examples and the metrics implemented at the Bon Ton Stores, this paper . A. This document is used to establish the criteria for planning, estimating, budgeting, and controlling. Project Management Plan (Cost Management, Resource Management Plan, Scope Baseline) Project documents (Basis of Estimates, Cost Estimates, Schedule, Risk Register) Business documents Agreements EEFs OPAs. The best tools to describe project scope are Project Scope Statement, Work Breakdown Structure, and WBS Dictionary. Because a project is defined as a temporary endeavor (PMBOK 1.1), deadlines are baked into the success criteria of all projects. 2. The general definition of Configuration Management is "a process that accommodates changes and perpetually documents how a physical system is configured, i.e. Organizations vary as to how they identify projects—some projects are identified by top-down initiatives while others are identified by bottom-up initiatives—and all methods of identification have been found to have strengths and weaknesses. Your performance measurement would only be meaningful if you had an accurate baseline. - the product or services to be provided by the project & includes all of the deliverables. A baseline in project management is a clearly defined starting point for your project plan. DMAIC is the problem-solving approach that drives Lean Six Sigma. The project's baseline is used to measure how performance deviates from the plan. Cost Aggregation 2. Why should a project be divided into phases? Then it is necessary to . • Merge activities have more than one activity immediately preceding it. B) Project goals don't matter in scope management as long as the budget is not exceeded. Risk mitigation progress monitoring includes tracking identified risks, identifying new risks, and evaluating risk process effectiveness throughout the . Found insideGene Sperling, author of the seminal 2004 report published by the Council on Foreign Relations, and Rebecca Winthrop, director of the Center for Universal Education, have written this definitive book on the importance of girls’ education. 18/08/21, 6: 10 AM PK0-004 Project+ BEST STUDY GUIDE 2019 Flashcards | Quizlet Page 19 of 101 5 the project manager should update the procurement plan and action items to reflect the possible delay in the project timeline A 1,3 B 1,4 a project manager received a change request, immediately documented to require changes, and evaluated the impact . . Number three, re-baseline, so when those changes are approved or incorporated into the project, it's important to baseline either the schedule or the project plan. Project baselines are, generally, approved by project management team and those are used to measure and control… What impact can the sequence of tasks have on a project's schedule? A. Reserve Analysis 3. Process of defining how the project costs will be estimated, budgeted, managed, monitored, and controlled, Process of developing an approximation of the monetary resources needed to complete project work, Process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline, Process of monitoring the status of the project to update the project costs and manage changes to the cost baseline, this theory replaces the schedule variance measures used in traditional EVM with ES and actual time (AT), A project performance measurement technique that integrates scope, time, and cost data, As part of EVM, this should be established for each WBS component to measure work in progress. Once the customer and the contractor or project team agree on this baseline plan, the project work can be performed. Costs that can be directly related to producing the products and services of the project. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Perform Quality Assurance C. Control Quality D. Validate Scope 2. Inspection C. Attribute sampling D. Tolerances 3. In this training, you will learn about the knowledge areas and processes. Once it's established, you use it to measure progress and overall performance. Found insideHearing Health Care for Adults focuses on improving the accessibility and affordability of hearing health care for adults of all ages. 1. 3. Looks at the operations of the International Space Station from the perspective of the Houston flight control team, under the leadership of NASA's flight directors, who authored the book. With a stable baseline, there's no evidence of upward or downward trends; things may fluctuate a little over time but for the most part the data points fall into a pretty tight range. 1. Time or money allocated in the schedule or cost baseline for known risks with active response strategies. Cost Management Plan 2. 28 terms. ____ estimates use the actual cost of a previous, similar project as the basis for estimating the cost of the current project. boobear54. EAC forecast for ETC work considering both SPI and CPI factors: This may be used as planned to cover the cost of risk responses or other contingencies as time progresses, This is a measure of the cost performance that is required to be achieved with the remaining resources in order to meet a specified management goal, expressed as the ratio of the cost to finish the outstanding work to the remaining budget, In TCPI, if the BAC is no longer viable, then _____________________ should be considered, This is the work remaining divided by the funds remaining, Variance between the funding limits and planned expenditure may require _______________________ to level out the rate of expenditures, Funding Limit Reconciliation is accomplished by placing imposed data constraints for work into, a measurement that will give the status on the remaining work with respect to the funds remaining. Chapter 3: Developing the Project Charter & Baseline Plan True/False 1. This practical book shows you how true data-drivenness involves processes that require genuine buy-in across your company ... Through interviews and examples from data scientists and analytics leaders in a variety of industries . Be aware that the critical path can change from one series of tasks to another as you progress through the schedule. Project . What are project management processes? If you have not read these blog posts, I suggest you read them first, then come back to this post. This may impact the original critical path. A _______ is a series of actions bringing about a result. Project portfolio management (PPM) is a process by which an organization's projects are evaluated and executed to ensure strategic alignment with company . You will "lose" any variances against the original baseline as it will copy the current data. Expert Judgment 4. What is a task? Effective metrics are necessary to improve project management and delivery, and can demonstrate year-over-year gains in project management maturity. A baseline is a fixed point of reference that is used for comparison purposes. By the end of the project, the EVA will equal: Schedule is falling behind when cumulative EV is __________ than cumulative PV, This is best used in conjunction with critical path method, This is the amount of budget deficit or surplus (difference between earned value and actual cost). Predicting and analyzing the prospective financial performance of the project's product may be performed: An amount of money or time set aside and dedicated to the project to be used to cover unforeseen costs or time that was not identified as part of the planning process. B. Prevention B. What purpose does it serve. Combining the scheduling methodology, scheduling tool, and schedule data. This PRINT REPLICA contains the 6th edition of the Test & Evaluation Management Guide (TEMG). Develop Project Management Plan (includes change management and configuration management plans), - Project management plan will be progressively elaborated until project closure, - Product scope: features and functions that characterize a product, service, or result, - Presents linked activities with planned dates, durations, milestones, and resources, - Establishes the policies, procedures, and documentation of the project costs, - Inputs: project charter, project management plan, project documents, EEFs, OPAs, - Inputs: project charter, project management plan, project documents, agreements, EEFs, OPAs, - Determines, documents, and manages stakeholder needs and requirements to meet project objectives, - Develops the detailed description of the project and product, Create the Work Breakdown Structure (WBS), - Subdivides the project deliverables and project work into smaller, more manageable components, - Identifies and document the specific actions to be performed to produce the project deliverables, - Develop an approximation of the monetary resources needed to complete the project activities (accuracy of estimates increase as project progresses), - Identifies and documents relationships among the project activities. This is the starting point of the project. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Such typically occurs by 28 to 32 weeks' gestation. For projects not using EVM, similar analysis is done comparing: This is the explanation of cost variance, schedule variance, and variance at completion in EVM, This is a measure of schedule performance expressed as the difference between earned and planned value (amount by which the project is ahead of behind the planned delivery date). You may also baseline just selected tasks. Scope Baseline 3. Other Quizlet sets. Expressed as a formula, SV = EV − PV. Plan project, and Form project team. hannah_green64. August 25, 2021 August 27, 2021 Cemre Akkartal PMP. Stakeholder requirements for managing costs should be considered ____________________, outside the project or part of Project Cost Management. Re-baseline Your Project Schedule or Project Plan. Risk mitigation implementation is the process of executing risk mitigation actions. project is the primary concern of the Project Cost Management Knowledge Area. This book recommends a mix of approaches to health education improvement, including those related to oversight processes, the training environment, research, public reporting, and leadership. The idea can be the solution to an existing problem . - Conducted iteratively and ongoing (progressive elaboration) Budget baseline. extremely well on cost (you are getting more value than what you are putting in), poorly on cost (you are getting less value than what you're putting in), If CPI is < 1, then the project is performing, If CPI is > 1, then the project is performing, If SPI is > 1, then the project is performing, If SPI is < 1, then the project is performing, Don Herrmann, J. David Spiceland, Wayne Thomas, Frank Hodge, Patricia A. Libby, Robert Libby. Posted by Exampm in: Uncategorized. B. The project management processes are initiating, planning, executing, evaluating and closing.

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