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Hosted By Special Guest Host Lindsay Lohan. Click to begin. Todays Prizes. Slapchop ! Flex-Seal! A new car! Review for 4810 Test #2. (Legal Disclaimer: actual Slapchop , Flex-Seal, & New Car will not be awarded). Scope on a Rope. Hard Time in the Hoosegow.
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Hosted By Special Guest Host Lindsay Lohan
Todays Prizes • Slapchop! • Flex-Seal! • A new car! • Review for 4810 Test #2 (Legal Disclaimer: actual Slapchop, Flex-Seal, & New Car will not be awarded)
Scope on a Rope Hard Timein the Hoosegow How much is that project in the window? KwalityMadders PM Potpourri
Scope on a Rope Hard Timein theHoosegow How much is that project in the window? KwalityMadders PMPotpourri 200 200 200 200 200 400 400 400 400 400 600 600 600 600 600 800 800 800 800 800 1000 1000 1000 1000 1000 END
What is Net Present Value (NPV)? - 200 Points Discounting all expected future cash inflows and outflows back to the present point in time Back to board
What is the IRR? - 400 Points A financial metric that is determined by finding out what discount rate results in an NPV of zero Back to board
What is Scope Definition? - 600 Points Subdividing the major project deliverables into smaller, more manageable components Back to board
What is a Guideline? - 800 Points A way of developing a WBS that involves standardized criteria Back to board
What is an Analogy? - 1000 Points A way of developing a WBS by referencing other projects as examples Back to board
What is a Dependency? - 200 Points The sequencing of project activities or tasks Back to board
What is Crashing? - 400 Points Making cost & schedule tradeoffs to compress project schedules Back to board
What are Mandatory Dependencies? - 600 Points These dependencies are also referred to as “hard logic” Daily Double Back to board
What are Discretionary Dependencies? - 800 Points These dependencies are defined by the project team Back to board
What is PERT Weighted Average? - 1000 Points Optimistic Time + 4x Most Likely Time + Pessimistic Time ________________________________________________________________ 6 Back to board
What are Direct Costs? - 200 Points Costs that are related to the project & can be easily traced back to their source Back to board
What are Tangible Costs ? - 600 Points Costs that can easily be measured in monetary terms Back to board
What is Earned Value (EV)? - 400 Points An estimate of the value of the physical work actually completed Back to board
What is Rough Order of Magnitude (ROM) - 1000 Points Cost estimate prepared very early in the life of the project to get a ballpark estimate Back to board
What is Cost Variance? - 800 Points Earned Value – Actual Cost Back to board
What is Functionality? - 200 Points The degree to which a system performs its intended functions Back to board
What are Fishbone Diagrams? - 400 Points Diagrams that trace quality problems back to their root cause Back to board
What is a Quality Audit? - 600 Points Structured review of quality management activities Back to board
What is Quality Assurance? - 800 Points Periodically evaluating overall project performance Back to board
What is the Cost of Quality? - 1000 Points The cost of conformance plus the cost of nonconformance to quality standards Back to board
What is a Slipped Milestone? - 200 Points In MS-Project, this Gantt chart object is represented by the following symbol: Back to board
What are Actual Dates? - 400 Points In MS-Project, the darker rectangle in a Gantt Chart This Back to board
What is COCOMO? - 600 Points A parametric model used to estimate costs in software development projects Back to board
What is a Network Diagram? - 800 Points This is represented by the following figure: Back to board
What is a Pareto Diagram? - 1000 Points A histogram that helps identify & prioritize problem areas Back to board