1 - PM Fundamental Terms Flashcards
The PMI publication that defines widely accepted project management practices.
PMBOK Guide - Project Management Body of Knowledge Guide
The areas of expertise, industry, or function where a project is centered. Ex: architecture, IT, healthcare, and manufacturing.
application areas
A quantifiable return on investment. The return could be tangible (equipment, money, market share) or intangible (brand recognition, trademarks, reputation).
Business value
A person with slightly less project management experience than a PMP, but who has passed the CAPM exam.
Certified Associate Project Manager (CAPM)
Defines how a project affects people and how those people may affect the project. Includes the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project.
Cultural and social environment
A product, service, or result created by a project.
Deliverable
Includes the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology.
General management skills
The consideration of the local and international laws, languages, communication challenges, time zone differences, and other non-collocated issues that affect a project’s ability to progress.
International and political environment
The ability to interact, lead, motivate, and manage people
Interpersonal skills
Time, cost, and scope. If any one is out of balance with the other, the project will suffer. Aka the Triple Constraints of Project Management.
The Iron Triangle of Project Management
The physical structure and surroundings that affect a project’s work.
Physical environment
A collection of related processes in project management. Including Initiating, Planning, Executing, Monitoring & Controlling, and Closing.
Process groups
A collection of related projects working in unison toward a common deliverable.
Program
The process of gathering project details. The process uses deductive reasoning, logic, and a series of information gathering techniques to identify details about a project, product, or solution.
Progressive elaboration
A temporary endeavor to create a unique product, service, or result.
Project