Project Management Terminology
Constraint. A limiting factor that affects the execution of a project, program, portfolio, or process.
Start Date. A point in time associated with a schedule activity’s start, usually qualified by one of the following: actual, planned, estimated, scheduled, early, late, target, baseline, or current.
Common Acronyms
SS (english) : Start-to-Start
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Question to a Project Management Professional
Question | Select the best option |
There are 5 main reasons of pressure vessels failures: cracks, human factor design errors, poor quality materials, and electrochemical erosion. Statistics shows that 400 out of 500 pressure vessels failures were due to fatigue cracks. What law declares that a relatively small number of causes will typically produce a large majority of the problems? |
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Answer & Explanation
Right answer |
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Explanation: According to Pareto’s Law a relatively small number of causes will typically produce a large majority of the problems or defects. This is commonly referred to as the 80/20 principle, where 80% of the problems are said to be due to 20% of the causes. See also PMBOK® Guide – Sixth Edition: Sec. 8.3.2.5. |