Project Management – Term

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It is simply plots the data of a variable over time.
Through analysis, the following can be derived:
– changes / trends of the process over time
– any pattern / cycle of the process
Examples:
– progress of the project / processes / tasks (% completion over time)
– expenditure of the project

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The _______ Chart is a run chart including the upper/lower specification limits and upper/lower control limits which are thresholds indicating whether the process is under control / meets the quality specified by the project.

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Halim, the project manager, is currently assessing the quality of a process of the deliverable. Which of the following charts/diagrams should he make use of when he wants to know whether the process is under control?

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The PMBOK® Guide mentions the Seven Basic Tools of Quality for the Project Quality Management Area, these seven tools are:

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______ Chart: Plotting the value of a variable over time to analyze the trend of a process

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________ Chart: Basically a Run Chart by adding a mean, two specification limits (Upper Specification Limit USL and Lower Specification Limit LSL) and two control limits (Upper Control Limit UCL and Lower Control Limit LCL) to analyze whether the process is under control

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The various degree of accuracy of estimations mentioned in the PMBOK®
_____ ______ of _______ estimate within the the range of -25% to +75%.

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___________ Estimating: the estimation is made by making an analogy with similar project from the past; however, the accuracy is quite low

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___________ Estimating: also known as “Top-Down Estimating“

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__________ Estimating: the estimation is based on adjusting “parameters” from historical information; the estimation is more reliable

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__________ Estimating is more accurate for projects/activities with components which are similar and “scalable”, it is based on a unit cost/duration of historical data which is scaled to give the estimation.

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Sue is currently estimating the cost of a deliverable based on a project with a similar product 2 years ago. Sue puts down the estimate by copying directly from the actual cost of the product found from project documents. Which estimation technique does Sue make use of?

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____________ Estimating is employed where have the data to know the “unit duration”.

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___________- ______ Estimating as one of the tools and techniques for “Estimate Activity Durations” process in addition to “Analogous Estimating”, “Parametric Estimating” and “Three-point Estimating”.

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___________ ______ estimating this more accurate estimation is developed using the PERT (Program Evaluation And Review Technique) formula:
(Ep + 4Em + Eo)/6

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(Ep + 4Em + Eo)/6 estimating this more accurate estimation is developed using the PERT (Program Evaluation And Review Technique) formula:

_______ ______ Estimate (Em): The estimate when everything goes as normal.

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(Ep + 4Em + Eo)/6 estimating this more accurate estimation is developed using the PERT (Program Evaluation And Review Technique) formula:

________ Estimate: The estimate when everything goes (almost) wrong

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(Ep + 4Em + Eo)/6 estimating this more accurate estimation is developed using the PERT (Program Evaluation And Review Technique) formula:

________ Estimate: The estimate when everything goes (almost) smoother than expected risks and uncertainty are taken into accounts more accurate than Analogous Estimating and Parametric Estimating

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___________- ______ Estimating (also known as the “definitive technique”) the most accurate and time-consuming of all estimation methods in which every single activity is broken down into details at the bottom level and aggregate the estimations of each individual components to give an overall estimation.

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The various degree of accuracy of estimations mentioned in the PMBOK.

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The project is working into 3/4 of project duration and the final component is to be built to improve the accuracy of the system. The project manager is updating the cost of the whole system. What is the degree of accuracy of the estimate?

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The PMBOK® Guide mentions the Seven Basic Tools of Quality for the Project Quality Management Area, these seven tools are: