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Project Management > Chap 1: Modern Project Management > Flashcards

Chap 1: Modern Project Management Flashcards

1
Q

What is a temporary endeavour designed to create a unique product, service or result?

A

project

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2
Q

What kind of team does the project require to accomplish the work of the project?

A

Cross-functional team

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3
Q

In order to determine the successful completion of the project, the outcomes should be?

A

measurable

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4
Q

Who needs to determine if the project objectives are accomplished?

A

customer

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5
Q

How does the performance of a project are typically measured?

A

On-time delivery, cost, quality

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6
Q

What are two types of project constraints?

A

Triple constraint and balancing constraints

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7
Q

What are the triple constraints?

A

Scope, time, and cost

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8
Q

What do you call when a company wants to have everything planned very well in advance and have a very little chance of something going wrong?

A

risk-averse

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9
Q

What do you call when you are seeking risk and you’re willing to take a chance to find out if something works & you may have a loss because it does not work but you’re okay?

A

Risk tolerant

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10
Q

What is included in project management for balancing constraints?

A

(SQBSRR)Scope, quality, budget, schedule, resources, and risk

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11
Q

What are the two types of sponsors?

A

Project sponsor and client sponsor

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12
Q

Who is the key person in project management which funds the project?

A

sponsor

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13
Q

Who(any person or entity) has a vested interest in the project?

A

stakeholders

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14
Q

This role may have a positive or negative outlook on the project?

A

stakeholders

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15
Q

Who directs the work of the project?

A

Project manager

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16
Q

Who does the work of the project?

A

Project team

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17
Q

They are also considered stakeholders?

A

Project team

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18
Q

What are the steps for project process groups/phases?

A

Initiating, planning, executing, monitoring and controlling, and closing

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19
Q

What do you call the phase when you’re starting to think about what project you might do? What would be those boundaries at the triple constraint of the project?

A

Initiating

20
Q

What do you call the phase where we talk about the goals, the requirements, what tasks and responsibilities might be involved in the project?

A

initiating

21
Q

What do you call where we spend most of our time thinking about all the different elements that have to come together to create a successful project?

A

Planning

22
Q

What do you call the phase where we have very detailed discussions and create schedules, we create very detailed budgets, we look again at the resources, the risks, and the staffing?

A

planning

23
Q

What do you call the phase where we take a look at the results to date with numbers and compare those to the plan?

A

Monitoring and controlling

24
Q

It is a way to see how we’re doing against the plan?

A

monitoring and Controlling

25
Q

A phase where evaluation and lessons learned review about how well did the project go and did we learn anything that can be applied for the next project?

A

closing

26
Q

What are the steps in the project management process?

A

Scope, schedule, and cost

27
Q

What is under ‘scope’ in the project management process?

A

Project objective, define scope, create WBS, (assign responsibility)

28
Q

What is under ‘schedule’ in the project management process?

A

Define activities, sequence activities, estimate activity resources, estimate activity durations, develop schedule

29
Q

What is under ‘cost’ in the project management process?

A

Estimate activity cost, determine the budget, (project baseline)

30
Q

What is under Defining in the Project Life Cycle?

A

(4) Goals, specifications, task, responsibilities

31
Q

What is under Planning in the Project Life Cycle?

A

(5) Schedules, budget, resources, risks, staffing

32
Q

What is under Executing in the Project Life Cycle?

A

(4) status reports, changes, quality, forecasts

33
Q

What is under Closing in the Project Life Cycle?

A

(5) train customers, transfer documents, release resources, evaluation, lessons learned

34
Q

Who manages temporary, non-repetitive activities and frequently acts independently of the formal organization?

A

Project manager

35
Q

This person induces the right people at the right time to address the right issues and make the right decisions?

A

Project manager

36
Q

What are the challenges of a project manager?

A

(1) Negotiate resources for the project (2) directly linked to the customer (3) provides direction, coordination, and integration to the project team (4) responsible for the performance & success

37
Q

Who induces the right people at the right time to address the right issue and make the right decisions?

A

project manager

38
Q

What is considered “Art” in Project Management?

A

Sociocultural

39
Q

What is the socio-cultural of project management?

A

(6) leadership, problem solving, teamwork, negotiation, politics, customer expectations

40
Q

What is considered “Science” in Project Management?

A

Technical

41
Q

What is the technicality of project management?

A

(6) scope, WBS, schedules, resource allocation, baseline budgets, status reports

42
Q

What is initiating?

A
  • starting to think about what project you should do and triple constraints that might be involved
  • phase where we talk about the goals, requirements, tasks, and responsibilities involved.
43
Q

What is monitoring and controlling?

A
  • where we take a look at the results to date with numbers and compare those to the plan
  • Is a phase to see how we’re doing against the plan
44
Q

What is planning?

A
  • we spend most of our time thinking about all the different elements that have to come together to create a successful project
  • have very detailed discussions and create schedules, create very detailed budgets, we look again at the resources, the risks, and the staffing
45
Q

What is closing?

A
  • where evaluation and lessons learned review about how well did the project go and did we learn anything that can be applied for the next project

Project Management (3 decks)

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