Cost Variance Anytime the CV isnt $0 you need to investigate.

. If CV is not equal to zero, It could be a sign that the team has missed a requirement, forgot to install a piece of equipment etc. Schedule Variance Most people understand that being behind schedule is bad. But did you know that being ahead of schedule can be bad as well? For example, if a team works overtime and gets a task finished early this may mean that they sit around idle waiting for the next task to start. Which is a waste of resources (and the companys money!). Basically if a project has a Schedule Variance that isnt zero you need to investigate why and mitigate the risks.

value earned by the project is another way of saying Earned Value Predicted total cost of the project is is another way of saying Estimate At Completion.
Run Chart A run chart is a line graph that shows data points over time. Run charts are helpful in identifying trends and predicting future performance. Run charts are similar to control charts, plotting data results over time, however there are no defined control limits.
High Context Cultures High Context Cultures ("High-context cultures") are characterized by high internal guidance to groups or subgroups, long-lasting relationships and generate expectations known. The family is an example of high context culture. The parent group meetings to be their children's school is also an example. Globally, Japan and Korea are an example of exceptionally high context cultures. In high context cultures the relationship is more important than the task. Low Context Cultures ("Low-context cultures") are characterized by creating little difference between internal groups or subgroups and by a focus on the individual. Codes in these cultures, beliefs and customs must be expressed so that newcomers can interact. In a low context culture is given a lot importanc to the rules. An example of low-context culture is the behavior of people in an airport. Globally, the U.S. is an example of a low context culture. In low-context cultures, the task is more important than the relationship.

Hofstede's cultural dimensions theory

Geert Hofstede's theory of cultural dimensions describes the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived fromfactor analysis. What is a constructive change? 1. A change request that helps improving the project and its product, service or result and is discussed generally in a friendly style. 2. A direction by the buyer or an action taken by the seller that the other party considers an undocumented change to the contract. 3. A field change or ad-hoc change mandated by the project customer in a public construction project.

4. A change request which will lead to the re-construction of an older version of the project performance baseline by the contractor. Correct answer is 2 while I chose 1. Now my question is who comes up with such definitions? I mean "constructive" is a positive word and it is normally used in positive sense like constructive criticism, constructive conflict e.t.c Who would have thought that it can also be used in negative sense!? Isn't it stupid!? Or this is how English language is and PMI creates definitions on whims?

What the meaning of constructive change?

the An action or direction by seller or buyer respectively considered by other party as non-documented change to contract A reconstruction of the project baseline Change required for enhancement of project objectives It is another definition of project

Extrinsic Motivation
Definition: Extrinsic motivation refers to motivation that comes from outside an individual. The motivating factors are external, or outside, rewards such as money or grades. These rewards provide satisfaction and pleasure that the task itself may not provide. An extrinsically motivated person will work on a task even when they have little interest in it because of the anticipated satisfaction they will get from some reward. The rewards can be something as minor as a smiley face to something major like fame or fortune. For example, an extrinsically motivated person who dislikes math may work hard on a math equation because want the reward for completing it. In the case of a student, the reward would be a good grade on an assignment or in the class. Extrinsic motivation does not mean, however, that a person will not get any pleasure from working on or completing a task. It just means that the pleasure they anticipate from some external reward will continue to be a motivator even when the task to be done holds little or no interest. An extrinsically motivated student, for example, may dislike an assignment, may find it boring, or may have no interest in the subject, but the possibility of a good grade will be enough to keep the student motivated in order for him or her to put forth the effort to do wellon a task.

**** Outliers: An outlier is an observation that lies an abnormal distance from other values

in a random sample from a population. In a sense, this definition leaves it up to the analyst (or a consensus process) to decide what will be considered abnormal. Before abnormal observations can be singled out, it is necessary to characterize normal observations.
immaterial breach : A minor breach, a partial breach or an immaterial breach, occurs when the nonbreaching party is unentitled to an order for performance of its obligations, but only to collect the actual amount of their damages. For example, suppose a homeowner hires a contractor to install new plumbing and insists that the pipes, which will ultimately be sealed behind the walls, be red. The contractor instead uses blue pipes that function just as well. Although the contractor breached the literal terms of the contract, the homeowner can only recover the amount of his damages. Since no damages were inflicted, the homeowner receives nothing. (See Jacob & Youngs v. Kent, on which this example is based.)

A material breach is any failure to perform that permits the other party to the contract to either compel performance, or collect damages because of the breach. If the contractor in the above example had been instructed to use copper pipes, and instead used iron pipes which would not last as long as the copper pipes would have, the homeowner can recover the cost of actually correcting the breach - taking out the iron pipes and replacing them with copper pipes.This is also known as a partial breach

repudiatory breach
A fundamental breach of a contract, sometimes known as a repudiatory breach, is a breach so fundamental that it permits the distressed..

Bar charts are most effective for reporting to the team Mile stone reports would help provide summary information to senior management Analogous estimating: It is considered to be top-down, high level estimating. The benefit of an analogous project estimate is that it is management expectations of what project will cost. and not project executing. Parametric estimating:

PROJECT COST MANAGEMENT:

EAC The anticipated total cost at project completion ETC What it will cost to finish the project

Value analysis: A less costly way of doing same work Value analysis: Operations & Production (technique of eliminating unnecessary costs) a cost reduction and problem-solving technique that analyzes an existing product or service in order to reduce or eliminate any costs that do not contribute to value or performance. Value analysis usually focuses on design issues relating to the function of a product or service, looking at the properties that make it work, or which are USPs.

PROJECT QUALITY MANAGEMENT Quality attributes

Standard deviation is a measure of how:

HR MANAGEMENT
Top four sources of conflicts are Schedules Project priorities Resources Technical options Project manager Power:
Formal or Legitimate power Reward power Coercive or Punishment or Penalty power Expert power and Referent power.

Formal or Legitimate Power: Since you are a project manager, you have this power. This power comes with the position itself; therefore, this is also known as positional power. Team members will obey orders from the project manager because they know that the project manager has the formal power and authority to issue orders. Reward Power: A Reward is something people desire. Reward power is up-to some extent tied to the formal power of the project manager. The project manager will get the team support since team members

think that the project manager is capable of rewarding them if they perform well. Rewards may be monetary (salary increment, bonus and promotion etc.) or non-monetary (recognition, professional development, appreciation letter, day-off and picnic etc.). Punishment Power: Nobody wants to get punished. Punishment Power comes with the formal power of the project manager. Here, the project manager will get his teams obedience because the team members afraid that if they dont perform their duties as required by the project manager, they may get punished. Punishment Power is also known as coercive power. Expert Power: Being a subject matter expert itself is a great influential power. Team members will respect the project manager just for his technical soundness on the subject. They trust him and obey his orders because they think that the project manager is an expert, has special knowledge on the matter, and knows how to handle issues. Expert Power is considered to be a positive power that influences the team members to follow the lead of the project manager. If the project manager does not possess the expert knowledge then it would be difficult for him to gain respect from the team members. Referent Power: If the project manager is well associated with higher management, or has some kind of connection with some influential people in the organisation, the project manager is said to possess Referent Power. This power may help a new project manager in the initial stage of the project when he may not have any other power except formal power; however, he may be perceived as being closely aligned with the top management. A project manager can have any or all of the powers explained here, and to be a successful project manager he need to have at-least three of the powers; i.e. formal power, reward power, and expert power. Expectancy theory:

Team performance assessments evaluate the project teams effectiveness as a whole. Project performance appraisals deal with how each member is performing on the project.

COMMUNICATION MANAGEMENT:

RISK MANAGEMENT

From Ikompass 1.
In the Plan Quality process, a statistical tool and technique should be used to determine the number and type of tests and their impact on cost of quality. This method also plays a role in the optimization of products and processes. The name of this statistical method is: b. Design of experiments
Statistical process control tools would be most appropriate for performing a root cause analysis Fishbone diagram / Ishakawa diagram.

2. 3. 4.

TCPI < 1 = OK; TCPI > 1 = needs higher efficiency Jurans definition of Quality Fitness to use.

Find the mean, median, mode, and range for the following list of values:

13, 18, 13, 14, 13, 16, 14, 21, 13

The mean is the usual average, so:

(13 + 18 + 13 + 14 + 13 + 16 + 14 + 21 + 13) 9 = 15
Note that the mean isn't a value from the original list. This is a common result. You should not assume that your mean will be one of your original numbers. The median is the middle value, so I'll have to rewrite the list in order:

13, 13, 13, 13, 14, 14, 16, 18, 21

There are nine numbers in the list, so the middle one will be the number:

(9 + 1) 2 = 10 2 = 5th

13, 13, 13, 13, 14, 14, 16, 18, 21

So the median is

14.

Copyright Elizabeth Stapel 2004-2011 All Rights Reserved

The mode is the number that is repeated more often than any other, so

13 is the mode. 13 = 8.

The largest value in the list is 21, and the smallest is 13, so the range is 21

15 median: 14 mode: 13 range: 8

mean:

5. A summary activity that represents a group of related activities is called a: HAMMOCK 6. Scope creep: adding features and functionality w/o addressing the effects of time, cost and resources or w/o customer approval. 7. McGregor's Theory Y in contrast to Theory X, which stated that workers inherently dislike and
avoid work and must be driven to it, and Theory Y, which stated that work is natural and can be a source of satisfaction when aimed at higher order human psychological needs.

8. Ouchi, Theory Z focused on increasing employee loyalty to the company by providing a job for life
with a strong focus on the well-being of the employee, both on and off the job. According toOuchi, Theory Z management tends to promote stable employment, high productivity, and high employee morale and satisfaction.

9. Gantt chart - A Gantt chart depicts the work in the project against a calendar 10. WBS dictionary will contain work package information such as the code of an account identifier, a
statement of work, information on the responsible organization, quality requirements and information on the required resources

11. a tool that can help you plan, schedule, monitor, and report your findings on your project PMIS 12. Baseline variances, a documented plan to management variances, and a proven methodology to offer corrective
actions to the project management plan are all part of which process - The Change Control System

13. The concept of warranty is based upon one party's assurance that the product or service will meet certain standards of quality, including - Reliability, maintainability, function, and
reparability

14. Project risk is characterized by three factors: Risk event, risk probability and the amount at stake 15. obsessed