Chapter 1- Preparing for the Exam Flashcards
Application Areas
The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, healthcare, manufacturing, IT.
A guide to Project Management Book of Knowledge
The PMI publication that defines widely accepted project management practices. The CAPM and the PMP exams are based on this book
Certified associate in project management CAPM
A person who has slightly less project management experience than a PMP, but who has qualified for and passed the CAPM exam.
Cultural and social environment
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.
Deliverable
A product, service or a result created by a project. projects can have multiple deliverables.
General management skills
These include the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology.
International and political environement
The consideration of the local and international laws, languages, communication challenges, time zone differences, and other non- collocated issues that affect a project’s ability to progress.
Interpersonal skills
The ability to interact, lead, motivate and manage projects.
Iron Triangle of project management
A triangle with characteristics of time, cost and scope. Time, cost, and scope each constitute one side of the triangle; if any side of the iron triangle is not in balance with the other sides, the project will suffer. The Iron Triangle of project management is also known as the Triple Constraints of PM, as all projects are constrained by time, cost and scope. PMI refers to extended version which also includes customer satisfaction, quality and risk
Physical environment
A physical structure and surroundings that affect a project’s work.
Program
A collection of related projects working in unison toward a common deliverable.
Project
A temporary endeavour to create a unique product,service, or result. The end result of the project is also called deliverable.
Progressive elaboration
Involves continuously improving and detailing plan as more detailed and specific information and more accurate estimates become available. Progressive elaboration allows a project management team to define work and manage it to a greater level of the detail as the project evolves.
Project environement
The location and culture of the environment where the project work will reside. The project environment includes the social, economic and environmental variables the project must work with or around.
PMI
Project management institute
An organisation of project management professionals from around the world, supporting and promoting the careers, values and concerns of project managers.
PMP
Project Management professional
A person who has proven project management experience and has qualifies for and then passed the PMP examination.
PMO
Project Management Office
A central office that oversees all projects within an organisation or within functional department. A PMO supports the project manager through software, training, templates, policies, communication, dispute resolution, and other services.
Project Portfolio management
The management and selection of projects that support an organisation’s vision and mission. It. Is the balance of project priority, risk, reward, and return on investment. This is a senior management process.
Subprojects
A smaller project managed within a larger, parent project. Sub projects are often contracted work whose deliverable allows the larger project to progress.
Triple Constraints of PM
Also known as Iron triangle. This theory posits that time, cost, and scope are three constraints that every product has. PMBOK refers to constraints, time, budget, scope, quality, resources and risks.
Project Management
is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Project management is accomplished through the appropriate application and integration of the 47 logically grouped project management processes, which are categorised into five process groups.
INITIATING, PLANNING, EXECUTING, MONITORING&CONTROLLING, CLOSING
