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Tuesday, February 20, 2018

PMP Exam Note 2

Failure mode and effect analysis (FMEA) - a non-proprietary approach to Quality Management. This is an analytical procedure:  Each potential failure mode in every component of a product is analyzed to determine its effect on the reliability of that component and, by itself or in combination with other possible failure modes, on the reliability of the product.
Fast tracking - activities of phases perform in parallel
Fixed formula method - An EVM, % budget value - at the start of milestone work, remaining % budget - when the work is complete
Funding limit reconciliation - identify any variances between the funding limits and planned expenditures
Hammock Activity -
Hard logic - 
Histogram - A special form of bar chart used to describe the central tendency, dispersion, and shape of a statistical distribution
Imposed date - A fixed date. For example: "start no earlier than" and "Finish no later than"
Incremental life cycle - Scope determined early, time and cost estimates are routinely modified as the project's team understanding of the product increases, increments successively add to the functionality of the product
Influence diagram - Shows causal influences, time ordering of events, and other relationships among variables and outcomes
Interrelationship Diagraphs - A quality management planning tool, provide a process for creative problem-solving in moderately complex scenarios that possess intertwined logical relationships
Lead, Lag -
Level of efforts - An activity that doesn't produce definitive end product and measured by the passage of time. One of the three EVM types of activities used to measure work performance.
Logical Relationship - A dependency between two activities, or between an activity and a milestone.
Mandatory Dependency - A relationship that is contractually required or inherent in the nature of work.
Master Schedule - A summary level project schedule
Near-Critical Activity - A schedule activity that has low total float
Network Logic - The collection of schedule activity dependencies that makes up a project schedule network diagram
Pareto diagram - A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause
Phase Gate - A review at the end of a phase
Planning Package - A work breakdown structure component below the control account with known work content but without detailed schedule activities
Predictive Life Cycle - Project scope, and the time and cost required to deliver that scope, are determined as early in the life cycle as possible.
Prioritization Matrices - A quality mgt. planning tool.
Probability and Impact Matrix - A grid for mapping the probability of each risk occurrence and its impact on project objectives if that risk occurs.
Process Decision Program Chart (PDPC) - To understand a goal in relation to the steps for getting to the goal.

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