Chapter 1 PM Fundamentals Flashcards
PMI Publication that defines widely accepted project management practices.
PMBOK
The areas of expertise is centered
Application area
A quantifiable return on investment. The return can be tangible and intangible.
Business value
A person who has slightly less project management experience than a PMP
Certified associate in Project management (CAPM)
Defines how a project affects people and how those people may affect the project.
Cultural and social environment
A product, service or result created by a project.
Deliverable
The consideration of local and international laws, languages, communication challenges, time zone differences, and other non-collocated issues that affect the ability of the project to progress.
International and political enviroment
A triangle with the characteristics of time, cost, and scope. Time, cost, and scope each constitute on side of the triangle. If any side is not in balance with the other side the project will suffer.
Iron Triangle of project management
A collection of related processes in project management. There are five process groups and 49 project management processes. The five groups are Initiating, Planning, Executing, Monitoring and controlling, and closing.
Process groups
The process of gathering project details. This process uses deductive reasoning, logic and a series of information-gathering techniques to identify details about a project, product or solution.
Progressive elaboration
A central office that oversees all projects within an organization or within a functional department.
Project management office (PMO)
The location and culture of the environment where the project work will reside.
Project environment
Created and maintained by the project sponsor and shows the financial validity of why a project is chartered and launched within the organization.
Project business case
A document created and maintained by the project sponsor and the project manager. It defines what benefits the project will create when the benefits will be realized, and how the benefits will be measured.
Project benefits management plan
A temporary endeavor to create a unique product, service, or result.
Project
