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HostedBy Special Guest Host
Lindsay Lohan
– Slapchop!
– Flex-Seal!
– A new car!
– Review for 4810 Test #2
(Legal Disclaimer: actual Slapchop, Flex-Seal, & New Car will not be awarded)
PM Potpourri
KwalityMadders
How much is that project in the
window?
Hard Timein the
Hoosegow
Scope on a Rope
200 200
400 400
800 800
600
800
600 600 600
400
800
400
200
1000 1000 1000 1000
400
600
800
200
1000
END
PMPotpourri
KwalityMadders
How much is that project in the
window?
Hard Timein the
Hoosegow
Scope on a Rope
200
What is Net Present Value (NPV)? - 200 Points
Discounting all expected future cash inflows and outflows back
to the present point in time
What is the IRR? - 400 Points
A financial metric that is determined by finding out what discount rate results in an NPV
of zero
What is Scope Definition? - 600 Points
Subdividing the major project deliverables into smaller, more
manageable components
What is a Guideline? - 800 Points
A way of developing a WBS that involves standardized criteria
What is an Analogy? - 1000 Points
A way of developing a WBS by referencing other projects as
examples
What is a Dependency? - 200 Points
The sequencing of project activities or tasks
What is Crashing? - 400 Points
Making cost & schedule tradeoffs to compress project
schedules
What are Mandatory Dependencies? - 600 Points
These dependencies are also referred to as “hard logic”
What are Discretionary Dependencies? - 800 Points
These dependencies are defined by the project team
What is PERT Weighted Average? - 1000 Points
Optimistic Time + 4x Most Likely Time + Pessimistic Time________________________________________________________________
6
What are Direct Costs? - 200 Points
Costs that are related to the project & can be easily traced
back to their source
What are Tangible Costs ? - 600 Points
Costs that can easily be measured in monetary terms
What is Earned Value (EV)? - 400 Points
An estimate of the value of the physical work actually
completed
What is Rough Order of Magnitude (ROM) - 1000 Points
Cost estimate prepared very early in the life of the project to
get a ballpark estimate
What is Cost Variance? - 800 Points
Earned Value – Actual Cost
What is Functionality? - 200 Points
The degree to which a system performs its intended functions
What are Fishbone Diagrams? - 400 Points
Diagrams that trace quality problems back to their root cause
What is a Quality Audit? - 600 Points
Structured review of quality management activities
What is Quality Assurance? - 800 Points
Periodically evaluating overall project performance
What is the Cost of Quality? - 1000 Points
The cost of conformance plus the cost of nonconformance to
quality standards
What is a Slipped Milestone? - 200 Points
In MS-Project, this Gantt chart object is represented by the
following symbol:
What are Actual Dates? - 400 Points
In MS-Project, the darker rectangle in a Gantt Chart
This
What is COCOMO? - 600 Points
A parametric model used to estimate costs in software
development projects
What is a Network Diagram? - 800 Points
This is represented by the following figure:
What is a Pareto Diagram? - 1000 Points
A histogram that helps identify & prioritize problem areas
And the winners are:Team Name
Number of Points
Grand Prize Team:2nd Place Team: