Project Management Concepts Flashcard_Round 1

Front

What is an assumption log?

Back

A record of assumptions and constraints

Front

What is a fixed price incentive fee (FPIF) contract?

Back

Seller earns a bonus if performance goals are met.

Front

What is the difference between corrective and preventive action?

Back

Corrective addresses existing problems; preventive avoids future issues

Front

What does the quality management plan define?

Back

Project’s quality requirements and standards

Front

Which of the following is NOT a tool of the Plan Quality Management process?
Benchmarking, Flowcharting, Affinity diagrams, Issue log

Back

Issue log

Front

What is meant by resource leveling?

Back

Resolving overallocation by adjusting start/finish dates

Front

Which estimating technique is most accurate but time-consuming?

Back

Bottom-up

Front

What does the stakeholder cube help visualize?

Back

Stakeholder analysis

Front

What is a scope baseline composed of?

Back

WBS, project scope statement, and WBS dictionary

Front

Which of the following is true about product scope? Defined by the WBS, Measured against the project charter, Features and functions of the deliverable, Includes only technical requirements

Back

Features and functions of the deliverable