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Acceptance Criteria - -The process and the criteria that will be used to determine whether the deliverables are acceptable and satisfactory Activity duration - -Assessing the number of work periods needed to complete the project activities. Work periods are usually expressed in hours or days. Lar...

You are a project manager for a large healthcare system in Chicago Central. In this role, you work on a variety of projects and solve many interesting problems with new and innovative solutions. You report to the organization's PMO (Project Management Office), but often work with teams in other f...

A Guide to the Project Management Body of Knowledge (PMBOK Guide) - -The project management standard developed by the Project Management Institute. Acceptance criteria - -The process and the criteria that will be used to determine whether the deliverables are acceptable and satisfactory. Activit...

You work as a project manager for uCertify Inc. You have just completed one of your projects with number of pitfalls. You need to assess the good and the not-so-good aspects of the project. Also, you want to improve the overall quality of your project management processes on the next project. Whic...

Who is ultimately responsible for the project's outcome? The project manager Steps in validating a project(2) 1- Validate the business case 2- Then I.D. and analyze stakeholders. Name the traits to define a project. 1- temporary in nature 2- delivers a unique: 2.1 product 2.2 service 2.3 ...

Discounted Cash Flow - -is the total value of each year's expected cash inflow in TODAY'S DOLLARS NPV is calculated by: - -subtracting the initial investment from the total of the expected cash inflows stated in today's dollars. ex. if initial is higher than cash flows so NPV is less than zero...

Initiation phase main points Business case is made (why) Project is chartered (sponsor, top objectives, resources) Core team is assembled Planning phase main points Plans outlined for management of all aspects of the project (scope, schedule, cost management, communications, risk management, ...

Project - -A temporary endeavor that has definite beginning and end dates, and it results in a unique product, service, or result. It is considered a success when the goals it sets out to accomplish are fulfilled the the stakeholders are satisfied with the results. project criteria - -unique, tem...

A Guide to the Project Management Body of Knowledge (PMBOK Guide) - -The project management standard developed by the Project Management Institute Benefit measurement methods - -A type of decision model that compares the benefits obtained from a variety of new project requests by evaluating them ...

Acceptance criteria - -Requirements and conditions that must be met before the project deliverables are formally accepted. Acceptance test - -A group of end-users work with the final product to test it for unidentified issues that may appear during routine use. Also known as User Acceptance Test...

Scope Management Plan describes how the project team will define project scope, verify the work of the project, and manage and control scope. Describes procedures for preparing the scope statement, how scope changes will be handled, and procedures for preparing the WBS. Scope Management Plan con...

All of the following describe the purpose for the information distribution process except for which one? - -Barriers such as cultural differences, geographical locations, and technology should be taken into account during this process. You have $400,000 for the budget at completion (BAC). The est...

project Unique: A project is typically undertaken to meet a specific business objective. Temporary: Projects have definite start and end dates. Reason or Purpose: A project comes about to fulfill a purpose. Stakeholder Satisfaction: A project starts once it's been identified, the objectives hav...