Chapter 1 - Intro Project Mgmt

Question 1

application areas

Answer 1

The areas of discipline that a project may centre upon

Question 2

business value

Answer 2

The total value of the tangible and intangible elements of any organisation. Consider liquid assets, real estate, equipment, reputation, brand recognition and trademarks

Question 3

controlling PMO

Answer 3

An entity that defines project governance through project management frameworks, templates, forms, project management activities and communications. The PMO control is considered moderate

Question 4

deliverable

Answer 4

A thing that a project creates; projects generally create many deliverables as part of the project work

Question 5

directive PMO

Answer 5

An entity that manages and controls all projects within the organisation. The PMO control is considered high.

Question 6

Iron Triangle

Answer 6

A term used to describe the three constraints of every project: time, cost and scope. The sides of the Iron Triangle must be kept in balance or the quality of the project will suffer.

Question 7

Management by Projects

Answer 7

An organisation that uses projects to move the company forward is using the Management by Projects approach. These project-centric entities could manage any level of their work as a project.

Question 8

operations

Answer 8

The ongoing work of the business; a generic term used to describe the activities that support the core functions of a business entity

Question 9

Organizational Project Management (OPM)

Answer 9

An organizational approach to coordinate, manage and control projects, programs and portfolio management in a uniform, consistent effort

Question 10

PMBOK Guide

Answer 10

The abbreviated definition for PMI’s Guide to the Project Management Body of Knowledge

Question 11

PMP

Answer 11

Your goal. A PMP is certified by the Project Management Institute as a Project Management Professional

Question 12

portfolio

Answer 12

A collection of projects and programs that have been selected by the organisation based on factors such as risk, profitability, business value, business need, market demand and other components

Question 13

programs

Answer 13

A collection of projects working in unison to realise benefits that could not be achieved by managing each project independently of the others

Question 14

progressive ellaboration

Answer 14

The process of starting with a large idea and, through incremental analysis, actions, planning, making the idea more and more specific. Progressive elaboration is generally accepted planning process for project management, wherein the project management team starts with a broad scope and works down toward a specific, detailed plan

Question 15

project

Answer 15

An undertaking outside of normal operations to create a unique product, service, condition or result. Projects are temporary while operations are ongoing.

Question 16

project communications management

Answer 16

One of the ten project management knowledge areas; it is the planning and management of communication among project stakeholders. (See Chapter 10)

Question 17

project cost management

Answer 17

One of the ten project management knowledge areas; it is the estimating, budgeting and controlling of the project expenses. (See Chapter 7)

Question 18

project human resource management

Answer 18

One of the ten project management knowledge areas; projects are completed by people, and the project manager generally oversees the management of the human resources on the project team. (See Chapter 9)

Question 19

project integration management

Answer 19

One of the ten project management knowledge areas; this knowledge area co-ordinates the activities and completeness of the other nine project knowledge areas.

Question 20

project management

Answer 20

The management of projects within an organisation. It is the initiation, planning, executing, monitoring and controlling, and the closing of the temporary endeavour of the project

Question 21

project management office (PMO)

Answer 21

Organizes and manages control over all projects within an organisation and coordinates all aspects, methodology and nomenclature for project processes, templates, software and resource assignment. A PMO also may be known as a program management office, project office or simply the program office.

Question 22

project manager

Answer 22

The individual who manages the project’s activities for an organisation.

Question 23

project portfolio management

Answer 23

A management process to select the projects that should be invested in. Specifically, it is the selection process based on the need, profitability, and affordability of the proposed projects.

Question 24

project procurement management

Answer 24

One of the ten project management knowledge areas; this knowledge area oversees the purchasing and contract administration for a project. (See Chapter 12)

Question 25

project quality management

Answer 25

One of the ten project management knowledge areas; this knowledge area defines quality assurance, quality control and the quality policy for the project. (See Chapter 8)

Question 26

project risk management

Answer 26

One of the ten project management knowledge areas; defines the risk identification, analysis, responses and control of risk events. (See Chapter 11)

Question 27

project scope management

Answer 27

One of the ten project management knowledge areas; defines the project requirements, scope creation, and control. (See Chapter 5)

Question 28

project time management

Answer 28

One of the ten project management knowledge areas; defines the approach to time estimating, scheduling and control of the project activities. (See Chapter 6)

Question 29

subprojects

Answer 29

Exists under a parent project, but follows its own schedule to completion. Subprojects may be out soured, assigned to otter project managers, or managed by the parent project manager but with a different project team.

Question 30

Supportive PMO

Answer 30

Acts as a consultative role by offering advice, best practices, lessons learned, forms and software, and project information from similar projects. The PMO control is low

Question 31

work breakdown structure

Answer 31

The visual decomposition of the project scope. It represents all the deliverables the project promises to create.