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| 1 | +% |
| 2 | +% BUS 361: Project Management - A Course Overview |
| 3 | +% Section: Flashcard Questions |
| 4 | +% |
| 5 | +% Author: Jeffrey Leung |
| 6 | +% |
| 7 | + |
| 8 | +\section{Flashcard Questions} |
| 9 | + \label{sec:flashcard-questions} |
| 10 | +\begin{easylist} |
| 11 | + |
| 12 | +& What does PMBOK stand for? |
| 13 | + && Project Management Body of Knowledge |
| 14 | +& What are the 10 PMBOK knowledge areas? |
| 15 | + && Scope, time, cost, quality, human resources, communications, risk, procurement, stakeholder, integration |
| 16 | +& What is the difference between projects and operations? |
| 17 | + && Project: Unique, temporary, uncertain |
| 18 | + && Operation: Repeated, ongoing, with known performance |
| 19 | +& What is the greatest threat to project success? |
| 20 | + && Communication failure |
| 21 | +& What is a project? |
| 22 | + && Temporary venture to create a unique result |
| 23 | +& What are the 5 process groups in the project life cycle? |
| 24 | + && Initialization, planning, execution, monitoring/controlling, closing |
| 25 | +& What is a stakeholder? |
| 26 | + && An entity which affects or is affected by the project |
| 27 | +& Quality of results is a balance of: |
| 28 | + && Scope, cost, schedule |
| 29 | +& What is the difference between duration and effort? |
| 30 | + && Duration: The length of time spent on an activity including breaks and other activities |
| 31 | + && Effort: The length of time spent on an activity not including breaks and other activities |
| 32 | +& What three values does Three Point Estimation average? |
| 33 | + && Most likely, pessimistic, and optimistic estimates |
| 34 | +& What is the difference between free float and total float? |
| 35 | + && Free float: The amount of time an activity can be delayed without affecting future activities |
| 36 | + && Total float: The amount of time an activity can be delayed without affecting project completion date |
| 37 | +& What are the steps of risk management? |
| 38 | + && Identification, analysis, response, monitoring |
| 39 | +& What are common responses to risk? |
| 40 | + && Avoidance, mitigation, transfer, acceptance |
| 41 | +& What does RACI stand for? |
| 42 | + && Responsible, Accountable, Consulted, Informed |
| 43 | +& What characteristics does Earned Value analyze? |
| 44 | + && Technical, schedule, cost |
| 45 | +& What is the equation for Earned Value (EV)? |
| 46 | + && $EV = \textrm{Cost at completion} \times \textrm{Percentage completed}$ |
| 47 | +& What is the equation for Cost Variance (CV)? |
| 48 | + && $CV = EV - AC$ (actual cost so far) |
| 49 | +& What is the equation for Cost Performance Index (CPI)? |
| 50 | + && $CPI = \frac{EV}{AC}$ (actual cost so far) |
| 51 | +& What is the equation for Schedule Performance Index (SPI)? |
| 52 | + && $SPI = \frac{EV}{PV}$ |
| 53 | +& What are Tuckman's 5 Team Development Stages? |
| 54 | + && Forming, Storming, Norming, Performing, Adjourning |
| 55 | +& Of task, process, and relationship conflict, which are the most likely to be functional conflict? |
| 56 | + && Task or process |
| 57 | +& What is the best way to capture lessons learned? |
| 58 | + && Documenting lessons as they occur |
| 59 | + |
| 60 | +\end{easylist} |
| 61 | +\clearpage |
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