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The second phase of the project life cycle is
Develop Proposal
TERM 2
Which project factor(s) constrain(s) the
objective?
DEFINITION 2
Scope
TERM 3
Examples of project attributes
DEFINITION 3
Objective Resources Timeframe Uncertainty
TERM 4
What is the definition of "minimal" risk?
DEFINITION 4
No more than in normal activities
TERM 5
Pieces of project scope?
DEFINITION 5
Objectives
Phase I of the cycle ends
with?
RFP
TERM 7
RFP Purpose?
DEFINITION 7
Define customer need
TERM 8
RFP Elements?
DEFINITION 8
Deliverables Proposal due date schedule
TERM 9
IRB Special Populations?
DEFINITION 9
prisoners
TERM 10
Bid/no-bid factors?
DEFINITION 10
Risk Competition Proposal Resources Project Resources
Three main sections or volumes of the
proposal
Technical Cost Managerial
TERM 12
Level of risk to contractor created by fixed
price contracts?
DEFINITION 12
high
TERM 13
Cost-Reimbursement Contract?
DEFINITION 13
all actual costs reimbursed
TERM 14
BAFO?
DEFINITION 14
Best and final offer
TERM 15
WBS?
DEFINITION 15
Work breakdown structure
Reason to measure actual progress against
planned progress?
project control
TERM 17
Purpose of properly terminating a project?
DEFINITION 17
improve future project performance
TERM 18
Reason to measure actual progress against
planned progress?
DEFINITION 18
project control
TERM 19
Two consequences of early project
termination by dissatisfied customer?
DEFINITION 19
financial loss bad reputation
TERM 20
The ideal project manager style?
DEFINITION 20
delegative participative
Project manager provides leadership for
which functions?
organizing planning controlling
TERM 22
Helpful skills for the project manager?
DEFINITION 22
organized resolves conflicts manage stress
TERM 23
Milestones should
be?
DEFINITION 23
visible product oriented
TERM 24
Gantt chart diamond or triange?
DEFINITION 24
milestone
TERM 25
Part of the structure of an oral presentation?
DEFINITION 25
body
Compared to written communication, in oral
presentations...?
use shorter sentences use contractions use more repetition
TERM 27
When doing oral presentations or visiting
plant, it is better to?
DEFINITION 27
over-dress
TERM 28
Thematic collection of projects
DEFINITION 28
Program
TERM 29
Endeavor to accomplish objective
DEFINITION 29
Project
TERM 30
Manageable units of a project
DEFINITION 30
subprojects
major piece of work scope
Work Package
TERM 32
Defined element of work
DEFINITION 32
task/activity
TERM 33
units of a task
DEFINITION 33
subtask
TERM 34
List the major characteristics of a project
DEFINITION 34
Important Measurable Phasic Interdependent Unique Limited
Conflictive
TERM 35
Circumstantial difficulty is more/less difficult
than technical difficulty
DEFINITION 35
more
List the seven project attributes
Objective - expected result Tasks - smallest unit of work
Resources - people, materials, etc. Time Frame - life span
Customer - one who provides funding Stakeholder - vested
interest Uncertainty - due to assumptions, estimates and
dynamic environment
TERM 37
What are the three project objectives
DEFINITION 37
Scope Schedule Cost
TERM 38
Define customer satisfaction
DEFINITION 38
Client's subjective perception of scope completed over time
TERM 39
List five constraints that result form an
external PM
DEFINITION 39
scope schedule cost customer satisfaction legal
TERM 40
What is the purpose of a request for proposal?
DEFINITION 40
to state comprehensively and in detail what is required from
the customer's point of view
List five nonnumeric project selection models
sacred cow competitive necessity operating necessity
product line extension comparative benefit
TERM 42
A project often suggested by top
management, that has taken on a life of its
own. It continues, not due to any justification
bu
DEFINITION 42
sacred cow
TERM 43
Projects are subjectively ranked in order
based on their perceived benefit to the
company
DEFINITION 43
comparative benefit
TERM 44
A project that is required in order to protect
lives or property or to keep the company in
operation
DEFINITION 44
operating necessity
TERM 45
Often projects to expand a product line are
evaluated on how well the new product
meshes with the existing product line rather t
DEFINITION 45
Product Line Extension
A project that is required in order to maintain
the company's position in the marketplace
Competitive Necessity
TERM 47
finding the best in class at a target process,
developing a partnership, then adopting or
adapting the partner's best practices
DEFINITION 47
bench-marking
TERM 48
List each as objective or subjective 1.Program
classification 2. National Cost Survey 3.
Paired Cost Comparison 4. Component Ben
DEFINITION 48
1. Objective 2. Subjective 3. Objective 4. Subjective
TERM 49
What is the purpose of a project portfolio
process (PPP)
DEFINITION 49
links projects directly to the goals and strategy of the
organization and is a means to monitoring and controlling
projects
TERM 50
What are the 8 PPP steps?
DEFINITION 50
1. Establish a project council 2. Identify project categories
and criteria 3. Collect project data 4. Assess resource
availability 5. Reduce the project and criteria set 6. Prioritize
the projects within categories 7. Select projects to be funded
and held in reserve 8. Implement the process
What factors affect a bid/no bid decision
competition risk mission extension of capabilities reputation
customer funds proposal resources project resources type of
contract
TERM 52
Belbin defined team role as tendency
to?
DEFINITION 52
behave, contribute, and interrelate with others in a particular
way
TERM 53
What are the nine Belbin Team
roles?
DEFINITION 53
Plant Resource Investigator Co-ordinator Shaper Monitor
Evaluator Teamworker Implementer Completer Specialist
TERM 54
Project proposal is essentially a?
DEFINITION 54
project bid
TERM 55
Project Plan Elements
DEFINITION 55
Overview Objectives or scope General approach Contractual
aspects Schedules Resources Personnel Risk Management
Plans Evaluation Methods
List the function of each Project planning tool
1. Team Charter = Plans expectations 2. WBS = Plans
activities 3. Gantt Chart = Plans timing 4. Network Diagram
= Plans precedence 5. Risk Analysis = Plans for uncertainty
6. Milestone log = Plans deliverables 7. Responsibility Matrix
= Plans roles 8. Hypothetical vs. actual budget = Plans
spending
TERM 57
What is the purpose of a responsibility matrix
and what does RSNA stand for?
DEFINITION 57
identify task and milestone responsibility, participation and
authority R = responsibility S = Support N = Notification A =
Approval
TERM 58
a PRODUCT oriented family tree subdivision of
tasks, hardware, services, and data required
to produce end product
DEFINITION 58
Work Breakdown Structure
TERM 59
T/F? Need separate budget/schedule for each
task or work schedule
DEFINITION 59
True
TERM 60
What are the four engineering economy
decisions that you can use?
DEFINITION 60
payback net present value internal rate of return profitability
index
What are six ways to assess your business?
revenue culture cost product development operational
performance customer service
TERM 62
Little's Law
DEFINITION 62
Inventory = throughput * Flow Time
TERM 63
What were the topics of each in-class
speaker?
DEFINITION 63
Kollmorgen - Strategic Decision Making VP Finance -
Economic Justification of projects Deloitte Consultants -
Proposal Development Technomics - Cost analysis
TERM 64
A plan for allocating scarce resources to the
various endeavors of an organization
DEFINITION 64
Budgeting
TERM 65
Top-down
budgeting
DEFINITION 65
Management establishes budget Use average costs of
previous projects from experience to create budget
Bottom-up
budgeting
Workers establish budget, break it down by task element,
assign a cost and build it up
TERM 67
Negotiated
budgeting
DEFINITION 67
compromise between management and workers
TERM 68
What are the 8 types of contracts?
DEFINITION 68
fixed price cost-reimbursable hybrid Task-order Cooperative
Agreement Purchase Order Grant Gift
TERM 69
Reasons for contract
provisions
DEFINITION 69
misrepresentation of costs notice of overrun or delays
approval of subcontractors customer-furnished equipment or
information IP International Considerations Termination
Terms of payment Bonus/penalty payments Changes
TERM 70
Completion of a deliverable or component of
a deliverable and starts with a noun
DEFINITION 70
milestone
what you plan to do to contribute towards a
deliverable, starts with a verb
task
TERM 72
Three parts of cash flow planning
DEFINITION 72
budgeting contracting billing
TERM 73
usually made in five year intervals and
essentially establishes a pipeline between the
customer and the company for business tha
DEFINITION 73
cooperative agreement
TERM 74
contract, kind of like a receipt or IOU
DEFINITION 74
Purchase Order
TERM 75
conversion of a project action plan into an
operating timetable
DEFINITION 75
schedule
A project will have significantly fewer ____
than ____
milestones deliverables
TERM 77
schedule tasks as early as they can given
other scheduling parameters
DEFINITION 77
ASAP
TERM 78
Schedule task as late as it can given other
scheduling parameters
DEFINITION 78
As Late As Possible ALAP
TERM 79
Latest possible date you want task to be
completed
DEFINITION 79
Finish No Later Than FNLT
TERM 80
This constraint indicates the latest possible
date that you want this task to begin
DEFINITION 80
Start No Later Than SNLT
Exact date on which task must be scheduled
to begin
Must Start On MSO
TERM 82
exact date on which a task must be schedule
to be completed
DEFINITION 82
Must Finish On MFO
TERM 83
This constraint indicates the earliest possible
date that you want this task to be completed
DEFINITION 83
Finish No Earlier Than FNET
TERM 84
This constraint indicates the earliest possible
date you want the task to begin
DEFINITION 84
Start No Earlier Than SNET
TERM 85
Level of risk to customer by cost reimbursable
contracts
DEFINITION 85
Low
What kinds of information are required to
evaluate a project?
production Marketing financial personnel administrative
TERM 87
What are three numeric scoring models?
DEFINITION 87
unweighted 0-1 factor model Unweighted factor scoring
model Weighted Factor scoring model
TERM 88
How does Crystal Ball evaluate Risk?
DEFINITION 88
By assigning monetary values to risks and balancing them
against projected profitabilities and project portfolio
TERM 89
Projects with objectives or deliverables that
are only incrementally different in both
product and process from existing offerin
DEFINITION 89
Derivative projects
TERM 90
The planned outputs of these projects
represent major departures from existing
offerings in terms of either the
product/service
DEFINITION 90
Platform Projects
Life-cycle events common for software and
hardware product developers can be broken
into what nine segments?
concept evaluation requirements identification (determining
project performance requirements) design implementation
test integration validation customer test and evaluation
operations and maintenance
TERM 92
hierarchical planning
DEFINITION 92
major tasks are listed each major task is then broken down
into more detail continues until all the activities to be
completed are listed need to know which activities DEPEND
ON other activities
TERM 93
Linear Responsibility Chart
DEFINITION 93
Ties each work package to someone may also show
interfaces between groups says who's gonna do what in the
plan
TERM 94
What is the order of the project life cycle?
DEFINITION 94
RFP Proposal Contract Progress Report Milestones and
Deliverables Final Report
