A tool or technique used in the Control Procurements process is:
Answer(s): B
10.2.2.5 Performance ReportingPerformance reporting is the act of collecting and distributing performance information, including status reports, progress measurements, and forecasts. Performance reporting involves the periodic collection and analysis of baseline versus actual data to understand and communicate the project progress and performance as well as to forecast the project results.Performance reporting needs to provide information at an appropriate level for each audience. The format may range from a simple status report to more elaborate reports and may be prepared regularly or on an exception basis. A simple status report might show performance information, such as percent complete or status dashboards for each area (i.e., scope, schedule, cost, and quality). More elaborate reports may include:• Analysis of past performance,• Analysis of project forecasts (including time and cost),• Current status of risks and issues,• Work completed during the period,• Work to be completed in the next period,• Summary of changes approved in the period, and• Other relevant information, which is reviewed and discussed.Process: 12.3 Control ProcurementsDefinition: The process of managing procurement relationships, monitoring contract performance, and making changes and corrections as appropriate.Key Benefit: The key benefit of this process is that it ensures that both the seller’s and buyer’s performance meets procurement requirements according to the terms of the legal agreement.Inputs1. Project management plan2. Procurement documents3. Agreements4. Approved change requests 5. Work performance reports6. Work performance dataTools & Techniques1. Contract change control system2. Procurement performance reviews3. Inspections and audits4. Performance reporting5. Payment systems6. Claims administration7. Records management systemOutputs1. Work performance information2. Change requests3. Project management plan updates4. Project documents updates5. Organizational process assets updates
Configuration identification, configuration status accounting, and configuration verification and audit are all activities in which process?
Answer(s): D
Which tool or technique is used in the Estimate Costs process?
Answer(s): C
7.2.2.9 Vendor Bid AnalysisCost estimating methods may include analysis of what the project should cost, based on the responsive bids from qualified vendors. When projects are awarded to a vendor under competitive processes, additional cost estimating work may be required of the project team to examine the price of individual deliverables and to derive a cost that supports the final total project cost.Process: 7.2 Estimate CostsDefinition: The process of developing an approximation of the monetary resources needed to complete project activities.Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.Inputs1. Cost management plan2. Human resource management plan3. Scope baseline4. Project schedule5. Risk register6. Enterprise environmental factors7. Organizational process assetsTools & Techniques1. Expert judgment2. Analogous estimating3. Parametric estimating4. Bottom-up estimating5. Three-point estimating6. Reserve analysis7. Cost of quality8. Project management software9. Vendor bid analysis10. Group decision-making techniquesOutputs1. Activity cost estimates2. Basis of estimates3. Project documents updates
Which type of project management office (PMO) supplies templates, best practices, and training to project teams?
Answer(s): A
Which Define Activities output extends the description of the activity by identifying the multiple components associated with each activity?
6.2.3.2 Activity AttributesActivities, distinct from milestones, have durations, during which the work of that activity is performed, and may have resources and costs associated with that work. Activity attributes extend the description of the activity by identifying the multiple components associated with each activity. The components for each activity evolve over time. During the initial stages of the project, they include the activity identifier (ID), WBS ID, and activity label or name, and when completed, may include activity codes, activity description, predecessor activities, successor activities, logical relationships, leads and lags (Section 6.3.2.3), resource requirements, imposed dates, constraints, and assumptions. Activity attributes can be used to identify the person responsible for executing the work, geographic area, or place where the work has to be performed, the project calendar the activity is assigned to, and activity type such as level of effort (often abbreviated as LOE), discrete effort, and apportioned effort. Activity attributes are used for schedule development and for selecting, ordering, and sorting the planned schedule activities in various ways within reports. The number of attributes varies by application area.Process: 6.2 Define ActivitiesDefinition: The process of identifying and documenting the specific actions to be performed to produce the project deliverables.Key Benefit: The key benefit of this process is to break down work packages into activities that provide a basis for estimating, scheduling, executing, monitoring, and controlling the project work.Inputs1. Schedule management plan2. Scope baseline3. Enterprise environmental factors4. Organizational process assetsTools & Techniques1. Decomposition2. Rolling wave planning3. Expert judgmentOutputs1. Activity list2. Activity attributes3. Milestone list
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