Chapter 1 Flashcards
Define Project Management
The process of applying knowledge, skills, tools and techniques to describe, organize and monitor the work of a project to accomplish the goals of the project
What are the characteristics of a project
- Have a definite beginning and end
- Must meet certain criteria
- Produces a unique product or service
- Resources are dedicated to the project.
Define Customer
The end-user or recipient of the product or service of the project. Can be internal or external to the company.
Define business case
Determines if a project is financially beneficial to an organization
Functional organization
- Hierarchical
- clear chain of command
Project Oriented Organizations.
- Focuses on projects
- team members report to PMs.
Matrix Organization
- a Mix of the two main organizations
PMO
A centralized organization unit that oversees and guides the management of projects and programs throughout the organization
What do PMOs do?
- Provide PM methodologies, templates, forms and standardized processes
- trains PMs
- facilitates communication across projects
- Manages resources
- documents the project
What are the advantages of establishing sound processes
- Improves performance
- Reduces completion times
- Reduces project risk
- Increases quality
- Improves communication
- Ensures consistency
- Improves accuracy
- Increases success
What are the 5 process groups?
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
Initiating
- formats the project team
- obtains resources
- Project is acknowledged
Planning process
- Project plans are created
Executing process
- The work of the project begins
Monitoring and Controlling process
- measures performance to make sure deliverables are being met.
Closing process
- Final approval is obtained
What are the triple constraints
- scope
- time
- budget
Define Agile project management
a method of managing projects in small portions of work that can be assigned easily and completed within a short period of time
Colocated
Working at the same place and area as coworkers
Constraint
Anything that limits or dictates the actions of the project team
handoff
The transition between each phase of the project
project life cycle
All the phases of a project together
stakeholders
Anyone who has invested in the project
tailoring
Determining which processes and process goals should be performed for the project.
