Chapter 1, Part 1 Key Terms

Question 1

Application areas:

Answer 1

The areas of expertise, industry, or function where a project is centered.

Examples include:
Architecture, IT, Health care, and manufacturing.

Question 2

CAPM- Certified Associate in Project Management

Answer 2

A person who has slightly less project management experience than a PMP, but who has qualified for and passed the CAPM exam.

Question 3

Culture and Social Environment

Answer 3

Defines how a project affects people and how those people may affect the project. Cultural and social environments include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project.

Question 4

Deliverable

Answer 4

A product, service , or result created by a project. Projects can have multiple deliverables.

Question 5

General management skills

Answer 5

These include the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology.

Question 6

International and Political environment

Answer 6

The consideration of the local and international laws, languages, communication, challenges, time zone differences, and other non-allocated issues that affect a project’s ability to progress.

Question 7

Interpersonal skills

Answer 7

The ability to interact, lead, motivate, and manage people.

Question 8

Iron Triangle of Project Management

Answer 8

A triangle with the characteristics of time, cost and scope. If any of the triangle is not in balance with the other sides, the project will suffer.
Time
Cost
Scope
Aka- Triple Constraints of Project Management as all projects are constrained by time, cost and scope.

Question 9

Physical environment

Answer 9

The physical strut and surroundings that affect a project’s work.

Question 10

Program

Answer 10

A collection of related projects working in unison toward a common deliverable.

Question 11

Progressive elaboration

Answer 11

The process of gathering details. Uses deductive reasoning, logic, and a series of information gathering techniques to identify details about a project, product, or solution.

Question 12

Project

Answer 12

A temporary endeavor to create a unique product, service, or result. The end result of a project is also called a deliverable.

Question 13

Project environment

Answer 13

The location and culture of the environment where the project work will reside. Includes social, economic and environmental variables the project must work with or around. I

Question 14

Project Management Institute (PMI)

Answer 14

An organization of project management professionals from around the world supporting and promoting the careers, values and concerns of project managers.

Question 15

Project Management Professional-(PMP)

Answer 15

A person who has project management experience and has qualified for and passed the PMP exam

Question 16

Project portfolio management

Answer 16

The management and selecting of projects that support an organization’s vision and mission. Is the balance of project priority, risk, reward, and return on investment.

This is a senior management process.

Question 17

PMO - Project Management Office

Answer 17

A central office that oversees all projects within an organization or within a functional department. Supports a project manager thru software, training, templates, policies, communication, dispute resolution, and other services.

Question 18

Sub projects

Answer 18

A smaller project managed within a larger, parent project.

Sub projects are often contracted work whose deliverable allows the larger project to progress.

Question 19

Triple Constraints of Project Management

Answer 19

Aka the iron triangle

Time, cost and scope are the three constraints that every project has.

Question 20

PMBOK - Project Management Body of Knowledge

Answer 20

The PMI publication that defines widely accepted project management practices. The CAPM and PMP are based on this book.