Wgu c176 stuvia Study guides, Class notes & Summaries

A Guide to Project Management Body of Knowledge (PMBOK Guide) - ANSWERSThe project management standard developed by the Project Management Institute. Benefit measurement methods - ANSWERSA type of decision model that compares the benefits obtained from a variety of new project requests by evaluating them using the same criteria and comparing the results. Co-located - ANSWERSWhen team members work together at the same physical location Constrained optimization models - ANSWERSDecision mo...

Three-point estimate - ANSWERS(most likely estimate + optimistic estimate + pessimistic estimate)/3 = (40 + 24 + 65)/3 = 43 hours formula for SV (schedule variance) - ANSWERSSV = EV - PV project scope documents - ANSWERSproduct description, key deliverables, success and acceptance criteria, key performance indicators, exclusions, assumptions, and constraints scope statement - ANSWERSThe scope statement is used as a baseline for future project decisions. The scope statement includes the ...

Project - ANSWERSA 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 - ANSWERSunique, temporary, reason or purpose, stakeholder satisfaction Program - ANSWERSa group of related projects that are managed together using coordinated processes and techniques. Portfolio - ANS...