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PREDICTIVE Terms 6
Term | Definition |
---|---|
3 TYPES OF FIXED PRICE AGREEMENTS | - FIRM FIXED PRICE (FFP) - FIXED PRICE INCENTIVE FEE (FPIF) - FIXED PRICE ECONOMIC PRICE ADJUSTED (FP-EPA) |
AGREEMENT WHERE CONTRACT CANNOT BE CHANGED | FIRM FIXED PRICE AGREEMENT |
FIXED PRICE INCLUDES ADDITIONAL FEE FOR MEETING TARGET SET FORTH IN CONTRACT | FIXED PRICE INCENTIVE FEE AGREEMENT |
USED TO ADJUST FIXED COST OVER THE LIFE OF THE CONTRACT DUE TO ECONOMIC CONDITIONS | FIXED PRICE ECONOMIC PRICE ADJUSTED AGREEMENT |
BUYER PAYS FOR THE WORK EXPENSES, THEN PAYS SELLER FEE FOR PROFIT | COST-REIMBURSIBLE AGREEMENT |
3 TYPES OF COST-REIMBURSIBLE AGREEMENTS | - COST PLUS FIXED FEE (CPFF) - COST PLUS INCENTIVE FEE (CPIF) - COST PLUS AWARD FEE (CPAF) |
WHEN BUYER PAYS THE WORK EXPENSE, THEN A FIXED FEE TO SELLER FOR A PROFIT | COST PLUS FIXED FEE AGREEMENT |
WHEN BUYER PAYS THE WORK EXPENSE & ADDITIONAL FEE IF A TARGET IS MET, SUCH AS FINISHING 2 WEEKS EARLIER | COST PLUS INCENTIVE FEE AGREEMENT |
WHEN BUYER PAYS WORK EXPENSE & AN AWARD FEE THAT'S BASED ON SATISFACTION OF THE WORK | COST PLUS AWARD FEE AGREEMENT |
WHEN BUYER PAYS FOR BOTH LABOR & MATERIAL | TIME & MATERIAL AGREEMENT |
OUTLINES ACTIVITIES TO BE UNDERTAKEN DURING PROCUREMENT PROCESSES | PROCUREMENT MANAGEMENT PLAN |
DETERMINES HOW TO DELIVER DELIVERABLES, TYPES OF CONTRACTS TO USE, & WHAT PHASES WILL BE USED TO COMPLETE PROCESSES | PROCUREMENT STRATEGY |
USED TO SOLICIT PROPOSALS FROM POTENTIAL SELLERS | BID DOCUMENTS |
DELIVERED FROM SCOPE BASELINE, LISTS BUYER NEEDS | PROCUREMENT SOW |
COST, LOCATION, LICENSE, CERTIFICATION, REFERENCE, WARRANTY, OR EXPERIENCE | SOURCE SELECTION CRITERIA |
WHAT THE PROJECT WILL MAKE OR BUY | MAKE OR BUY DECISIONS |
COST ESTIMATE DONE BY AN OUTSIDE PROFESSIONAL | INDEPENDENT COST ESTIMATES |
STAKEHOLDER ENGAGEMENT ASSESSMENT MATRIX BREAKS DOWN 5 LEVELS OF ENGAGEMENT: | - UNAWARE - RESISTANT - NEUTRAL - SUPPORTIVE - LEADING |
HOW THE TEAM WILL KEEP STAKEHOLDERS ENGAGED ON THE PROJECT | STAKEHOLDER ENGAGEMENT PLAN |
CHANGE REQUEST TYPES | - CORRECTIVE ACTION - PREVENTIVE ACTION - DEFECT REPAIR |
CAN BE FORMALLY DOCUMENTED & SHARED | EXPLICIT KNOWLEDGE |
EXISTS INSIDE EMPLOYEES' HEADS | TACIT KNOWLEDGE |
SHARING OF KNOWLEDGE BETWEEN STAKEHOLDERS ON A PROJECT & IS USED TO FOSTER PROJECT INTERACTION | KNOWLEDGE MANAGEMENT |
COLLECTION, STORAGE, DISSEMINATION, ARCHIVING, & DESTRUCTION OF INFORMATION | INFORMATION MANAGEMENT |
10 TYPES OF QUALITY MANAGEMENT TOOLS | - AFFINITY DIAGRAMS - MATRIX DIAGRAMS - CAUSE & EFFECT DIAGRAMS - SCATTER DIAGRAMS - FLOWCHARTS - HISTOGRAMS - AUDITS - DESIGN FOR X - PROBLEM SOLVING - QUALITY IMPROVEMENT METHODS |
USED TO GROUP IDEAS TOGETHER | AFFINITY DIAGRAM |
SHOWS RELATIONSHIP AMONG PROCESSES | MATRIX DIAGRAM |
TELLS YOU THE CAUSES OF DEFECTS | CAUSE & EFFECT DIAGRAM (AKA ISHIKAWA/FISHBONE) |
SHOWS YOU GRAPHICAL REPRESENTATION OF PROCESS & ANY ROOM FOR IMPROVEMENTS | FLOWCHART |
BAR CHART THAT SHOWS THE DISTRIBUTION OF NUMERICAL DATA & PROVIDE AN EXAMPLE | HISTOGRAM (EXAMPLE: PARETO DIAGRAM) |
SHOWS TRENDS IN RELATION TO DIFFERENT VARIABLES | SCATTER DIAGRAM |
CONFIRMS ALL BEST PRACTICES ARE BEING EXECUTED | QUALITY AUDIT |
USED BY ENGINEERS TO DESIGN PARTICULAR ASPECT OF A PRODUCT | DESIGN FOR X |
IDENTIFYING THE PROBLEM, DETERMINING WHAT'S CAUSING IT, LOOKING AT POSSIBLE SOLUTIONS, SELECTING ONE OF THEM, & VERIFYING IT SOLVES THE PROBLEM | PROBLEM SOLVING |
FINDING WAYS TO IMPROVE THE QUALITY PROCESSES | QUALITY IMPROVEMENT METHODS |
REPORT GENERALLY INCLUDING INFORMATION ABOUT QUALITY ISSUES ON THE PROJECT & RECOMMENDATIONS ABOUT HOW TO IMPROVE THE PROCESSES | QUALITY REPORTS |
DOCUMENTS THAT GENERALLY TAKE THE FORM OF A CHECKLIST THAT CAN BE USED WHEN CHECKING THE QUALITY OF DELIVERABLES | TEST & EVALUATION DOCUMENTS |
CRITERIA USED FOR MULTI-CRITERIA DECISION ANALYSIS: | - AVAILABILITY, COST, EXPERIENCE, ABILITY - KNOWLEDGE, SKILLS, ATTITUDE, INTERNAL FACTORS |
DONE WITH TEAM MEMBERS, VENDORS, CONTRACTORS, & 3RD PARTIES | NEGOTIATION |
TEAM MEMBERS SELECTED IN ADVANCE OF THE PROJECT | PRE-ASSIGNMENT |
CAN BE SPREAD WIDE ACROSS GEOGRAPHICAL AREAS & MAY WORK FROM HOME OR IN DIFFERENT SHIFTS | VIRTUAL TEAMS |
DOCUMENT HOW YOU ALLOCATED THE PHYSICAL RESOURCES ON THE PROJECT | PHYSICAL RESOURCE ASSIGNMENTS |
ASSIGN PROJECT TEAM THEIR ROLES & RESPONSIBILITIES | PROJECT TEAM ASSIGNMENTS |
SHOWS WORKING SHIFTS FOR RESOURCES & SHOWS AVAILABILITY | RESOURCE CALENDAR |