Project Management Concepts Flashcard

Front

What is a Work Breakdown Structure (WBS)?

Back

A hierarchical decomposition of the total scope of work into manageable sections to ensure project completion.

Front

What is the purpose of a Requirement Matrix?

Back

To track requirements, their sources, priority, and status throughout the project lifecycle.

Front

What are some methods of Requirement Gathering?

Back

Interviews, surveys, focus groups, prototyping, observation, and document analysis.

Front

What are the approaches to developing a Work Breakdown Structure (WBS)?

Back

Top-down, bottom-up, and mind mapping.

Front

What are the steps in a Project Schedule Management Plan?

Back

Define activities, sequence them, estimate resources and durations, develop the schedule, and monitor it.

Front

What is the definition of Critical Path?

Back

The longest path of dependent tasks determining the shortest project duration.

Front

What is the formula for Communication Channels Calculation?

Back

C = \frac{N(N-1)}{2} where N is the number of team members.

Front

What is the definition of Profit?

Back

Revenue minus costs.

Front

What is the formula for Cost Variance (CV)?

Back

CV = EV - AC (Earned Value - Actual Cost).

Front

What is the definition of Schedule Performance Index (SPI)?

Back

A measure of schedule efficiency.