Chapter 1 Flashcards
Project management provides advantages, such as:
-Better control of financial, physical, and human resources.
-Improved customer relations.
-Shorter development times.
-Lower costs.
-Higher quality and increased reliability.
-Higher profit margins.
-Improved productivity.
-Better internal coordination.
-Higher worker morale.
Define “Project”:
a temporary endeavor to create a unique product, service, or result.
Name some project attributes:
- Has a unique purpose.
- Is temporary.
- Drives change and enables value creation.
- Is developed using progressive elaboration.
- Requires resources, often from various areas.
- Should have a primary customer or sponsor.
- Involves uncertainty.
What’s the triple constraint of project management?
scope, time, and cost
Define “Program”:
A program is a group of related projects managed in a coordinated way
What is project management?
the application of knowledge, skills, tools, and techniques to project activities to meet project requirement.s
Examples of stakeholders are:
The project sponsor.
The project manager.
The project team.
Support Staff.
Customers.
Users.
Suppliers.
What are stakeholders?
Stakeholders are the people involved in or affected by project activities.
The 9 project management knowledge areas are:
- 4 core knowledge areas:
(scope, time, cost, and quality). - 4 facilitating knowledge areas:
(human resources, communication, risk, and procurement management - 1 knowledge area:
(“project integration management”) affects and is affected by all of the other knowledge areas
Define “Scope management”:
Scope management involves defining and managing all the work required to complete the project successfully.
Define “Quality management”:
Quality management ensures that the project will satisfy the needs of the customers
Define “Communication management”:
Communication management involves generating, collecting, distributing, and storing project information.
Define “Procurement management”:
Procurement management involves acquiring or purchasing goods for the project from outside.
Define “Project integration management”:
Project integration management is an overarching function that affects and is affected by all of the other knowledge areas
There are several ways to define project success, like:
The project met scope, time, and cost goals.
The project satisfied the customer/sponsor.
The results of the project met its main objective.
