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decoder The device that decodes the message into a usable format in the communication model; think of a receiver s fax machine defect repair An example of corrective action
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defect repair validation Confirming that the defect has been repaired and that the result is in alignment with the program scope defining the program A program management process that uses select processes, inputs, tools, and techniques to create outputs to define the goals, vision, and business objectives of the entire program definitive estimate The most accurate estimate type but also the longest to create, because you must have the PWBS created to account for the costs of each program package The range of variance for this estimate type is 5% to +10% of the predicted costs delivering the incremental benefits phase The program s projects are initiated and the project managers and their project teams go about creating the incremental benefits for the goal of the program Delphi Technique A tool that uses rounds of anonymous surveys to build a consensus on issues, risks, and objectives within a program discretionary dependencies The program activities don t have to happen in a particular, set order Discretionary dependencies are also known as soft logic effort-driven activities The more effort that is applied, the less time the activity may take to complete encoder The thing that encodes the message to be delivered; think of fax machines, languages, or e-mail systems enhance A positive risk response for a risk you d like to have happen Consider vendor discounts, a favorable window for weather conditions, or beating a deadline enterprise environmental factors The policies, procedures, regulations, culture, and conditions that affect the way a program is managed within a performing organization establishing a program management and technical infrastructure phase The bones of the program are created The infrastructure defines how the program and its projects will operate evaluation criteria The rules, qualifications, screening systems, and determinations that help determine which vendor you ll choose to provide the goods and services for your program
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PART IV
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executing process group The collection of the program management execution processes that put the decisions made in the program management planning process group into action executing the program A program management process group that uses select processes, inputs, tools, and techniques to create outputs that lead to the execution of the entire program, program projects, or portions of the program as needed exploit A positive risk response used when a probable risk event is exploited to realize as many gains from the event as possible fast tracking This approach allows complete phases of a program or a project to overlap; often adds program risk feasibility study The pre-program research that helps the performing organization to determine the likelihood of a program reaching certain objectives such as time, cost, scope, and quality Firm-Fixed-Price A contract that defines the agreed price for a contracted product There is no incentive or bonus offered with this contract Fixed Price Incentive Fee A contract that defines the agreed price for contracted product; can include incentives for the seller Fixed Price A contract that defines the agreed price for contracted product; can include incentives for the seller future value of money (FV) Calculates how much a present amount of money may be worth at some point off in the future The formula is: Future Value = Present Value (1 + interest rate)n, where n is the number of time periods government regulatory agency The program manager identifies and manages this stakeholder according to which country the program work is occurring in, the discipline the program entails, and any new policies or laws that may affect the program work Guide to the Project Management Body of Knowledge (PMBOK) A PMI publication that defines the generally accepted practices of project management Herzberg s Motivation-Hygiene Theory Hygiene factors are expected and do not promote performance, but their absence can demotivate employees Motivating agents are factors that promote performance initiate team process An initiating process group process that allows the program team to be assembled, duties assigned, and the program work to begin
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