Projects - Module 4 and 5 Review

knowledge that can be easily explained using words, pictures, or numbers

A work package is what?

developing a working replica of the system or some aspect of it to help define user requirements

creating a WBS by using a similar project’s WBS as a starting point

a plan that describes how project requirements will be analyzed, documented, and managed

a document that includes detailed information about each WBS item

the processes involved in defining and controlling what work is or is not included in a project

the return available by investing capital elsewhere

process for identifying and modeling business events, who initiated them, and response

the difference between planned and actual performance

Mind Mapping is what?

Scope Creep defined as what?

a table that lists requirements, their various attributes, and the status of the requirements

the rate used in discounting future cash flow; also called the discount rate

the approved project management plan plus approved changes is called what?

new requirements imposed by management, government, or some external influence

the amount of time needed to recoup the total dollars invested in a project, in terms of net cash inflows

a formal, documented process that describes when and how official project documents may be changed

sometimes called informal knowledge, this type of knowledge is difficult to express and is highly personal

identifying and managing the points of interaction between various elements of a project