3.12 Business Environment Terminology Page 65 Flashcards
Adaptive life cycle
The progression of project phases, characterized by willingness to embrace change and involving significance, stakeholder in interaction with the focus on the incremental release of work, typically every 2 to 4 weeks; uses fixed time and resources; also called agile.
Application area
A category of projects that have common components, often categorize, the technology projects, customer projects, or industry projects
Closing process group
The group of activities associated with concluding the project or phase
Enterprise
A company, business, or other formal structure that encompasses a business function
Execute
Performed a task of the project management plan, create the project, deliverables, and generate work performance information
Executing 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 a team learns more about the product, and an increase in functionality resulting from incremental delivery.
Initiating process group
The process is associated with the inauguration of a new project or phase; typically involves obtaining an approval and identifying project stakeholders.
Initiating process group
The process is associated with the inauguration of a new project or phase; typically involves obtaining an approval and identifying project stakeholders.
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 scheduling cost estimates as a 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 use on a project; examples include equipment, tools, machinery, and supplies.
Methodology
A body of rules, practices, processes, and techniques employed within a field.
Monitor
A crew project data for comparison to project plans, produce performance measures, and report project information.
Monitor and control project work
The process of monitoring, evaluating, and governing performance progress as detailed in accordance with the project management plan.
Monitoring and controlling process group
The process is required to monitor, evaluate, and govern performance progress in accordance with the project management plan 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 the side of the project should continue the next phase, if the project should continue to the next phase with modification, or if the project or program should be terminated
Planning phase group
The processes required to create the management and other planning documents 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 our managed in a coordinate manager 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 goes
Practice
A professional or management activity that feeds the execution of a process that may use one on more tools or techniques
Predictive life cycle
A life cycle type 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, sub programs, 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 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 it’s 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 and 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 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 to project management that can include processes, procedures, tools, techniques, methodologies, and resources; can be used by the project manager or organization.
Project phase
An aggregation of logically related activities that result 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 an applicable administrative provisions.
Service
Work performed without resulted 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 project 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
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, exercise by a resource to complete project activities.
Templates
A partially completed instrument that provides a 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.
Tool
A device used during the performance of an activity to produce a result or product; templates, software programs, and models are all tools.
