Chapter 1 - Intro Project Mgmt Flashcards
application areas
The areas of discipline that a project may centre upon
business value
The total value of the tangible and intangible elements of any organisation. Consider liquid assets, real estate, equipment, reputation, brand recognition and trademarks
controlling PMO
An entity that defines project governance through project management frameworks, templates, forms, project management activities and communications. The PMO control is considered moderate
deliverable
A thing that a project creates; projects generally create many deliverables as part of the project work
directive PMO
An entity that manages and controls all projects within the organisation. The PMO control is considered high.
Iron Triangle
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.
Management by Projects
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.
operations
The ongoing work of the business; a generic term used to describe the activities that support the core functions of a business entity
Organizational Project Management (OPM)
An organizational approach to coordinate, manage and control projects, programs and portfolio management in a uniform, consistent effort
PMBOK Guide
The abbreviated definition for PMI’s Guide to the Project Management Body of Knowledge
PMP
Your goal. A PMP is certified by the Project Management Institute as a Project Management Professional
portfolio
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
programs
A collection of projects working in unison to realise benefits that could not be achieved by managing each project independently of the others
progressive ellaboration
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
project
An undertaking outside of normal operations to create a unique product, service, condition or result. Projects are temporary while operations are ongoing.
project communications management
One of the ten project management knowledge areas; it is the planning and management of communication among project stakeholders. (See Chapter 10)
project cost management
One of the ten project management knowledge areas; it is the estimating, budgeting and controlling of the project expenses. (See Chapter 7)
project human resource management
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)
project integration management
One of the ten project management knowledge areas; this knowledge area co-ordinates the activities and completeness of the other nine project knowledge areas.
project management
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
project management office (PMO)
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.
project manager
The individual who manages the project’s activities for an organisation.
project portfolio management
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.
project procurement management
One of the ten project management knowledge areas; this knowledge area oversees the purchasing and contract administration for a project. (See Chapter 12)
project quality management
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)
project risk management
One of the ten project management knowledge areas; defines the risk identification, analysis, responses and control of risk events. (See Chapter 11)
project scope management
One of the ten project management knowledge areas; defines the project requirements, scope creation, and control. (See Chapter 5)
project time management
One of the ten project management knowledge areas; defines the approach to time estimating, scheduling and control of the project activities. (See Chapter 6)
subprojects
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.
Supportive PMO
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
work breakdown structure
The visual decomposition of the project scope. It represents all the deliverables the project promises to create.
