CH. 1 INTRODUCTION Flashcards
A temporary endeavor undertaken to create a unique product, service, or result.
A Project
Determining the appropriate combination of processes, inputs, tools and techniques, outputs and life cycle phases to manage a project
TAILORING
Unique and verifiable product, result, or capacity to perform a service that is required to complete a process, phase or project
DELIVERABLE
Types of Deliverables?
TANGIABLE AND INTANGIABLE
Net quantifiable benefit derived from a business endeavor, according to PMI definition
BUSINESS VALUE
Organizational leaders initiate projects in response to which factors acting upon their organizations?
- Regulatory, legal, and social
- Stakeholder needs
- Business and Technological Strategy Change
- Create, improve, fix products, processes, or services.
A series of phases that a project passes through from its start to completion
PROJECT LIFE CYCLE
A collection of logically related project activities that culminates in the completion of one or more deliverables
PROJECT PHASE
Name three types of project phases
SEQUENTIAL, ITERATIVE, OR OVERLAPING
Name two main types of project life cycles
- PREDICTIVE
- ADAPTIVE
Name the types of development life cycles according to PMBOK
- PREDICTIVE,
- ITERATIVE,
- INCREMENTAL,
- ADAPTIVE,
- HYBRID MODEL
What is held at the end of each phase of the project
A PHASE GATE
Project life cycle is managed by a series of P.M. activities that known as …
PROJECT MANAGEMENT PROCESSESS
Depending on number of iterations in PMLC, processes are categorized as …
- PROCESSESS USED ONCE,
- PERIODICALLY, and
- CONTINUOUSLY
Name five process management process groups
- INITIATING,
- PLANNING,
- EXECUTING,
- MONITORING & CONTROLLING,
- CLOSING