Chapter 1 Flashcards
An optimal way recognized by industry to achieve a stated goal or objective
Best practice
These people can inspire others based on their enthusiasm and confidence.
Charismatic
A set of principles that guide our decision making based on personal values of what is “right” and “wrong”
Ethics
This leadership style is a combination of transactional, transformational, and charismatic.
Interactional
This hands-off approach lets teams determine their goals and how to achieve them.
Laissez-faire
A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals.
Leader
A person who deals with the day-to-day details of meeting specific goals.
Manager
A very large project that typically costs over US $1 billion, affects over 1 million people, and lasts several years.
Megaproject
A framework in which portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives.
Organizational Project Management
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
Portfolio
A group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually.
Program
A person who provides leadership and direction for the project managers heading the projects within the program.
Program manager
A temporary endeavour undertaken to create a unique product, service, or result.
Project
The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Project management
Initiating, planning, executing, monitoring and controlling, and closing.
Project management process groups
The person responsible for working with the project sponsor, the project team, and the other people involved in a project to meet project goals.
Project manager
International professional society for project managers.
Project Management Institute (PMI)
Project integration management, scope, schedule, cost, quality, human resource, communications, risk, and procurement management.
Project management knowledge areas
Certification provided be PMI that requires documenting project experience, agreeing to follow the PMI code of ethics, and passing a comprehensive exam.
Project Management Professional (PMP)
Methods available to assist project managers and their teams. Ex) Gantt charts, network diagrams, critical path analysis, etc.
Project Management Tools and Techniques
The grouping and managing of projects and programs as a portfolio of investments.
Project Portfolio Management
The person who provides the direction and funding for a project.
Project sponsor
People using this approach focus on relationships and community first and leadership is secondary.
Servant leader
People involved in or affected by project activities.
Stakeholders
This management by exception approach focuses on achieving goals or compliance by offering team members appropriate rewards or punishment.
Transactional
By working with others to identify needed changes, these leaders empower others and guide changes through inspiration.
Transformational
Balancing scope, schedule and cost goals.
Triple constraint
