1 Flashcards
What are the 5 phases of Project Management?
Initiation, Planning, Execution, Monitoring and Controlling, Closure
What occurs during the Initiation phase of Project Management?
Defining scope and objectives,
Align stakeholders on common goals,
Main objectives and deliverables,
Initial schedule and budget
What occurs during the Planning phase of Project Management?
Determining key scheduling details,
Resource allocation and risks that could impact the project.
What role does a PM have during the Execution phase of Project Management?
Coordinating resources, including people, tools, and materials.
Ensuring team is well informed about their individual tasks and timelines.
What occurs during the Monitoring and Control phase of Project Management?
Regularly checking project progress and team performance, ensuring everything adheres to the project plan.
What occurs during the Closing phase of Project Management?
Gathering final approval and sign offs, conducting a post-project review, identifying what went well, determining areas of improvement, and documenting lessons learned.
What’s is the Critical Path Method (CPM)?
The Critical Path Method is the sequence of scheduled activities that determine the project duration.
These activities must be performed if the project is to be successful.
What is a Stakeholder?
Stakeholders may include investors, employees, customers, suppliers, communities, governments, or trade associations.
What is Lean AGILE?
Lean AGILE aims to eliminate wasteful resources and tasks for improved efficiency and reduced costs without sacrificing quality.
What are the SCRUM values?
Transparency, Inspection, Adaptation
What are the SCRUM Principles?
Commitment, Focus, Openness, Respect, Courage
What’s is the difference between SCRUM and AGILE?
SCRUM is the Framework, AGILE are the principles.
How long is a SCRUM Sprint?
It varies, but typically 30 days.
What is a Product Increment?
A deliverable in a Sprint.
Traditional Management is also known as?
Waterfall