Chapter 1 - Project Management Concepts Flashcards
The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
PROJECT MANAGEMENT
The person assigned by the performing organization to lead the team that is responsible for achieving the project objectives.
PROJECT MANAGER (PM)
A limiting factor that affects the execution of a project, program, portfolio, or process.
CONSTRAINT
Any unique and verifiable product, result, or capability to perform a service that is produced to complete a process, phase, or project.
DELIVERABLE
A factor in the planning process that is considered to be true, real, or certain without proof or demonstration.
ASSUMPTION
Person in a low-authority project management position who reports to a higher-level manager and has some authority and can make some decisions.
COORDINATOR
An organizational structure in which staff is grouped by areas of specialization and the project manager has limited authority to assign work and apply resources.
FUNCTIONAL ORGANIZATION
A group of related projects and activities managed in a coordinated way to obtain benefits not available from managing them individually.
PROGRAM
A concept that is unique to each organization and includes tangible and intangible elements. Through the effective use of project, program, and portfolio management disciplines, organizations will possess the ability to employ reliable, established processes to meet enterprise objectives and obtain a greater level of this from their investments.
BUSINESS VALUE
The components that comprise the key functions or principles of general management in the organization, are allocated within the organization according to its governance framework and the organizational structure type selected.
MANAGEMENT ELEMENTS
A set of technological/software tools and techniques used to gather, integrate, and disseminate the outputs of project management processes
PROJECT MANAGEMENT INFORMATION SYSTEM (PMIS)
Any organizational structure in which the project manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project.
MATRIX ORGANIZATION
Projects, programs, and operations managed as a group to achieve strategic objectives.
PORTFOLIO
A set of individuals who support the project manager in performing the work of the project to achieve its objectives.
PROJECT TEAM
An individual, group, or organization who may affect, be affected by, or perceive itself to be affected by a decision, activity, or outcome of a project, program, or portfolio.
STAKEHOLDER
Plans, processes, policies, procedures, and knowledge bases that are specific to and used by the performing organization.
ORGANIZATIONAL PROCESS ASSETS (OPAS)
The members of the project team who are directly involved in project management activities.
PROJECT MANAGEMENT TEAM
The ongoing, repetitive processes an organization uses to produce the products or services necessary to fulfill its mission.
OPERATIONS
The application of knowledge, skills, tools, and techniques to a group of related projects to meet the overall group requirements and to obtain benefits and control not available by managing projects individually.
PROGRAM MANAGEMENT
Staff assistant filling the role of project manager but who cannot make or enforce decisions.
EXPEDITOR
Conditions, not under the immediate control of the team, that influence, constrain, or direct the project, program, or portfolio.
ENTERPRISE ENVIRONMENTAL FACTORS (EEFS)
An organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques.
PROJECT MANAGEMENT OFFICE (PMO)
The framework, functions, and processes that guide project management activities in order to create a unique product, service, or result to meet organizational, strategic, and operational goals.
PROJECT GOVERNANCE
The centralized control of one or more sets of activities or deliverables to achieve strategic objectives.
PORTFOLIO MANAGEMENT
A framework in which portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives.
ORGANIZATIONAL PROJECT MANAGEMENT (OPM)
The net quantifiable benefit derived from a business endeavor. The benefit may be tangible, intangible, or both.
BUSINESS VALUE
A logical grouping of project management inputs, tools and techniques, and outputs. The Project Management Process Groups include initiating processes, planning processes, executing processes, monitoring and controlling processes, and closing processes. Project Management Process Groups are not project phases.
PROJECT MANAGEMENT PROCESS GROUP
A document established by an authority, custom, or general consent as a model or example.
STANDARD
The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.
PROGRESSIVE ELABORATION
A temporary endeavor undertaken to create a unique product, service, or result.
PROJECT
