Chapter 1: Project Management Fundamental Terms Flashcards
The PMI publication that defines widely accepted project management practices. The CAPM and the PMP exam are based on this book.
A Guide to the Project Management
Body of Knowledge (PMBOK Guide)
The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, and manufacturing.
Application areas
A quantifiable return on investment. The return can be tangible, such as equipment, money, or market share. The return can also be intangible, such as brand recognition, trademarks, and reputation.
Business value
A person who has slightly less project management experience than a PMP, but who has qualified for and then passed the CAPM examination.
Certified Associate in Project
Management (CAPM)
Defines how a project affects people and how those people may affect the project. _______ include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project.
Cultural and social environment
A product, service, or result created by a project. Projects can have multiple _______.
Deliverable
These include the application of accounting, procurement, sales and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology.
General management skills
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.
International and political environment
The ability to interact, lead, motivate, and manage people.
Interpersonal skills
A triangle with the 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 __________ is also known as the Triple Constraints of Project Management, as all projects are constrained by time, cost, and scope.
Iron Triangle of Project Management
The physical structure and surroundings that affect a project’s work.
Physical environment
A collection of related processes in project management. There are five process groups and 49 project management processes. The five _______ are Initiating, Planning, Executing, Monitoring and Controlling, and Closing.
Process groups
A collection of related projects working in unison toward a common deliverable.
Program
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 temporary endeavor to create a unique product, service, or result. The end result of a project is also called a deliverable.
Project