3 - Business Environment Terminology Flashcards
Adaptive Life Cycle
The progression of project phases characterized by a willingness to embrace change and involving significant stakeholder interaction with a focus on the incremental release of work, typically every 2-4 weeks
Uses fixed time and resources.
Also called AGILE.
Application Area
A category of projects that have common components, often categorized as technology projects, customer projects, or industry projects.
Closing Process Group
The group of activities associated with concluding the project or phase.
Closing Processes
Activities during which formal acceptance and completion procedures are attained from either a phase or the project itself.
Enterprise
A company, business, or other formal structure that encompasses a business function.
Execute
Perform the tasks of the project management plan, create the project deliverables, and generate work performance information.
Executing Process Group
(3rd Process Group)
The processes performed to achieve the work detailed in the project management plan in order to meet the requirements delineated in the project specifications per the work identified in the project management plan.
Goods
Products that have been created and are available for purchase.
Incremental Life Cycle
The progression of project phases characterized by an early determination of scope, the adjustment of schedule and cost estimates as the team learns more about the product, and an increase in functionality resulting from incremental delivery.
Initiating Process Group
(1st Process Group)
Input
Any internal or external item that is required before a process can continue; it can also be an output from a predecessor process.
Iterative Life Cycle
The progression of project phases characterized by the development of scope details one iteration at a time, the adjustment of schedule and cost estimates as the team learns more about the product, and an increase in functionality resulting from iterative development.
Management by Projects
Performing day-to-day operations by a project management approach.
Material
Any materials used on a project; examples include equipment, tools, machinery, and supplies.
Methodology
A body of rules, practices, processes, and techniques employed within a field.
Monitor
Accrue project data for comparison to project plans, produce performance measures, and report project information.
Monitor & Control Project Work
The process of monitoring, evaluating, and governing performance progress as detailed in accordance with the project management plan.
Monitoring & Controlling
Process Group
(4th Process Group)
The processes required to monitor, evaluate, and govern performance progress in accordance with the project management plan and to effect and record any necessary modification of the project management plan.
Output
A product, service, or result created by a process; could also be an input to another process.
Phase Gate
A review which is conducted at the end of a phase to decide if the project should continue to the next phase, if the project should continue to the next phase with modification, or if the project or program should be terminated.
Planning Process Group
(2nd Process Group)
The processes required to create the management and other planning documents that comprise the project management plan.
Policy
A course of action adopted by an organization to facilitate operational and project work.
Portfolio
The projects, programs, and other work that comprise the portfolio and are managed in a coordinated manner to accomplish strategic goals.
Portfolio Management
The coordinated management of the projects, programs, and other work that comprise the portfolio for the purpose of accomplishing strategic goals.
Practice
A professional or management activity that feeds the execution of a process that may use one or more tools or techniques.
Predictive Life Cycle
A life cycle that determines project scope, schedule, and cost during the early phases of the life cycle.
Process
An ordered series of activities executed to create a product, result, service or output.
Program
A group of related projects, subprograms, and program activities administered in a coordinated manner in order to realize benefits that would not be available if administered separately.
Program Management
The exercise of knowledge, expertise, tools and techniques to meet program requirements and to realize the benefits and control only available when the component projects are administered under the program.
Progressive Elaboration
The iterative process of increasing the level of detail in accordance with the increase in information discovery and estimation accuracy.
Project
A temporary undertaking to produce a unique product, service or result.
Project Governance
The alignment of project goals with the strategy established by the organization, the project sponsor, and team; must fit within the organizational governance, but is separate from that organizational governance.
Project Initiation
The process that can result in project authorization.
Project Life Cycle
The phases, from initiation through closure, of a project associated with the work of the project, as opposed to being associated with its project management.
Project Management
The exercise of knowledge, expertise, and the tools & techniques to meet project requirements.
Project Management
Body of Knowledge
The total knowledge contained within the project management profession including its practices, both customary and groundbreaking, whether published or non-published.
Project Management
Knowledge Area
A recognized project management area that is qualified by its component practices, processes, inputs, outputs, tools and techniques and is delineated by its knowledge requisites.
Project Management
Process Group
The aggregation of the processes, along with their inputs, tools and techniques, and outputs that make up project management including initiating, planning, executing, monitoring and controlling, and closing.
Project Management
System
An organized approach management that can include processes, procedures, tools, techniques, methodologies, and resources.
Can be used by the project manager or the organization.
Project Phase
An aggregation of logically related activities that results in the completion of a deliverable or deliverables.
Regulation
A requirement of local, state or federal government that can mandate product, process or service characteristics including any applicable administrative provisions.
Service
Work performed without resulting in a physical product.
Standard
An established norm or requirement.
Subphase
A division of a phase of a project.
Subproject
A portion of the overall proejct that is established when the project is subdivided into components that are more easily managed.
Tailoring
The determination of the conglomeration of processes, inputs, tools, techniques, outputs, and life cycle phases appropriate to the management of a project.
Technique
A procedure, that may employ one or more tools, exercises by a resource to complete project activities.
Templates
A partially completed instrument that provides the desired format for the assemblage, ordering and presentation of data and information.
Tool
A device used during the performance of an activity to produce a result or product.
Templates, Software Programs and Models are all tools.
