Assignment 13 – Planning Performance Domain Part 1 Delivery and Estimation
Answer Key – 188 Total Points
1. Define the key terms estimate, accuracy, precision, crashing, fast tracking, and
budget within this domain. (18)
Estimate
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A quantitative assessment of the likely amount or outcome of a variable, such as
project costs, resources, effort, or durations.
Accuracy
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Within the quality management system, accuracy is an assessment of correctness.
Precision
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Within the quality management system, precision is an assessment of exactness.
Crashing
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A method used to shorten the schedule duration for the least incremental cost by
adding resources.
Fast Tracking
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A schedule compression method in which activities or phases normally done in
sequence are performed in parallel for at least a portion of their duration.
Budget
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The approved estimate for the project or any work breakdown structure (WBS)
component or any schedule activity.
2. Define a Work Breakdown Structure (6)
The WBS is a hierarchical decomposition of the total scope of work to be carried out by
the project team to accomplish the project objectives and create the required deliverables.
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The WBS organizes and defines the total scope of the project, and represents the
work specified in the current approved project scope statement.
-
The WBS is not a management organizational chart, rather it shows how the work
of a project is to be organized
3. List seven things included in a Project Scope Statement? (7)
•
Project goals
•
Product description
•
Project requirements (at a high level)
•
Project constraints
•
Project Assumptions
•
Risks related to the scope
•
Objective criteria for accepting the product
4. What is a Control Account? (4)
A Control Account is a management control point where scope, budget, actual cost, and
schedule are integrated and compared to earned value for performance measurement.
5. What is a work package? (4)
A Work Package is the work defined at the lowest level of the work breakdown structure
for which cost and duration can be estimated and managed.
