D324 - Project+

D324 - Project+ Leave the first rating Students also studied Terms in this set (62) Western Governors UniversityD 324 Save Comptia Project+ PK0-005 167 terms Jonathan_White285 Preview Project+ Certmaster 234 terms juststudyingalittle Preview CBT Nuggets CompTIA Project+ Ter...413 terms kchermaPreview Project 77 terms bry Practice questions for this set Learn1 / 7Study using Learn FF(1) = the minimum ES of all direct successors - EF(1) Request for Information (RFI)A solicitation document used when a business knows the solution it needs but requires information on how vendors will provide the solution Request for ProposalA formal business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.Choose an answer 1Calculation for free float (FF)2Request for Information (RFI) 3Actual Cost4Requirements Traceability Matrix (RTM) Don't know?

Request for BidCommonly used when deliverables are commodities with clear specifications and when price will be the primary determining factor.Request for QuoteA formal solicitation for goods or services in which a company invites vendors to submit price quotes and bid on the job.Requirements Traceability Matrix (RTM)A document that is created by associating the project's deliverables with the requirements for creating each deliverable.Burnup ChartA tool used to track the total amount of work completed each day.Burndown ChartA tool used to track the progress of the project by plotting the number of work days against the number of hours of work remaining.Throughput ChartA visual representation of a team's output over time; shows how many items are completed each sprint or iteration.Velocity ChartA visual representation of a team's output over time; shows how many story points are completed each sprint or iteration.Earned Value Management (EVM)A methodology that measures project progress by comparing actual schedule and cost performance against planned performance as laid out in the schedule and cost baselines.Planned ValueThe budgeted portion of the approved cost estimate to be spent during a particular time period to complete the scheduled project work; previously known as the "budgeted cost of work scheduled." Earned ValueA composite measurement of both cost and time performance in relation to scheduled or planned cost and time performance. EV is calculated by multiplying the percentage of work completed by the budgeted cost for the activity as laid out in the cost baseline.Actual CostThe total amount of costs incurred while accomplishing work, during completion of either a schedule activity or a work breakdown structure component.Cost VarianceThe difference between the EV and the AC incurred to complete that work. The formula for calculating CV is CV = EV - AC.Cost Performance Index (CPI)A measurement of cost performance that is used to determine whether the project is over or under budget. The formula for calculating CPI is CPI = EV/AC.Schedule VarianceThe measured difference between the actual completion of an activity and the planned or scheduled completion of an activity. The formula for calculating SV is

EV - PV = SV.

Schedule Performance IndexThe ratio of work performed to work scheduled. The formula for SPI is SPI =

EV/PV.

Six phases of waterfall developmentRequirements, Design, Implementation, Testing, Delivery, Maintenance

WaterfallA software development model where the phases of the SDLC cascade so that each phase will start only when all tasks identified in the previous phase are complete.What methodology works best for projects with fixed requirements and no unknowns?Waterfall What methodology works best for short and simple projects?Waterfall AgileA software development model that focuses on iterative and incremental development to account for evolving requirements and expectations.Iterative DevelopmentA process by which product development, such as software development, is broken down from a large application into smaller chunks. A product or product component is designed, developed, and tested in repeated cycles.Incremental DevelopmentAn approach that breaks the software development process down into small, manageable portions known as "increments." Each increment builds on the previous version so that improvements are made step by step.What methodology works best for projects where requirements will change or emerge throughout the project?Agile SCRUMA methodology that focuses on iterative and incremental delivery of products; owes its popularity to a simple approach, high productivity, and scope for applicability to multiple areas.

• roles introduced by SCRUMScrum team, product owner, scrum master, developers

Extreme Programming (XP)An agile software development framework noted for its heavy emphasis on software engineering practices.

• roles introduced in extreme programmingCustomer, tracker, coach

Scaled Agile Framework (SAFe)A popular agile-at-scale framework incorporating multiple agile practices and frameworks.SDLC PhasesPlanning, Requirements, Design and prototyping, Development, Testing, Analyze, Operations and Maintenance PRojects IN Controlled Environments (PRINCE2) A process-based project management methodology that aims to control the project management process by predefining clear project phases, roles, and tasks.PRINCE2 roles and responsibilitiesTeam manager, Project Board, Executive, Senior User, Senior Supplier

PRINCE2 principles1) Continued business justification 2) Learn from experience 3) Defined roles and responsibilities 4) Manage by Stages 5) Manage by exception 6) Focus on products 7) Tailor to suit the project environment precedence diagram method (PDM)A project schedule network diagramming method that uses rectangular or circular nodes to represent activities and arrows to represent precedence relationships between activities.How to calculate early start?Early start is the maximum early finish of all predecessor tasks How to calculate late finish?Late finish is the minimum late start of all predecessors (in a backward pass).Total float.The total amount of time that an activity can be delayed without delaying the project finish date. It is obtained by subtracting an activity's early finish from its late finish or its early start from its late start.Calculation for total float (TF)LS - ES or LF - EF Free FloatThe amount of time an activity can be delayed without delaying the early start of any activity that immediately follows it.Calculation for free float (FF)FF(1) = the minimum ES of all direct successors - EF(1) Responsibility Assignment Matrix (RAM)An artifact that clarifies who is responsible for completing and managing project activities.Requirements Traceability Matrix (RTM)An artifact that creates a path between a project's requirements and the artifacts that resolve them.Difference between cost baseline and budget?A cost baseline includes cost estimates and contingency reserves, while a budget totals cost estimates, contingency, and management reserves.What kind of conflict resolution strategy is called a "win- win" strategy?Collaboration.Main difference between validation and verification? Verification measures if a project meets the documented specifications; validation measures if the project meets the customer's expectations.Project RoadmapA high-level summary of a project's goals that focuses on outcomes over timelines.Milestone ChartsA document that contains the project milestones and indicates if achieving the milestones are mandatory or optional. Milestone charts have more detail than project roadmaps, but are not exhaustive enough to form a plan.