Chapter 1 Flashcards
a non-routine one-time job limited by time and budget to meet a specified need of the customer
Project
a the application of knowledge, skills, tools, and techniques to project activities to meet project requirements
Project management
PM skills are necessary for a team leader who is responsible for communicating collective activities to produce a project within _, on _, and as _.
budget, time, specified
Project life cycle
- Initiating
- Planning
- Developing
- Implementing
- Closing
Modern careers has reshaped the role and definition of the _ _; jobs have become more complex and has created more specialized careers
work unit
The new (modern) careers involve the need for greater understanding of business missions, _, and _.
o Has increased _, influence, and complexity of most jobs
o Has created opportunities for those with the know-how to manage these - tasks effectively
goals, and objectives
responsibility
multi-faceted
A projects starts when someone within an organization initiates the _ of a new system or suggests modification of an existing system
o Whether or not an initial idea is carried forward is influenced by _ and _ _
IDEA
tangible and intangible factors
Large organizations often employ some form of _ _ that evaluates and recommends project proposals
project committee
the factors scope, time, and cost affect all projects, regardless of size, or time, and are reflected through the necessity of defining the project as specified, on time, and within budget
Triple constraints
Note: REDUCING time to delivery is likely to INCREASE the cost of the project
- Specific objectives
- Expected delivery time
- Limited resources
- Extent of the available talent pool
- Key stakeholders
- Top management support
- Inter-organizational relationships (Especially for large projects)
7 Issues for the PM to consider
The available _ _ _ is often a key factor in deciding whether or not to outsource some aspects of the project
Internal talent pool
the procurement of talent, such as consultants and suppliers, from outside of the organization and sometimes overseas
Outsourcing
the procurement of talent overseas
Offshoring
Individuals at all levels who have interest in the project and its final product.
Stakeholders
- Top MGT
- Those who fund the project, such as functional area managers
- Those who directly work on the project, such as team members
- Primary customers
- Clients of the project outcome
- Suppliers
Examples of stakeholders