Chapter 1 - Understanding the Project Environment Flashcards
What is a Project
Temporary task to create something unique (writing a book)
What is the Project Life Cycle
The different phases a project goes through
What are Programs
A group of projects that share a objective
What are Project Portfolios
A collection of project initiatives selected to perform in order to achieve a strategic objective
What are Operations
Not temporary and not unique (print and distribution of a book)
What is Project Management
Application of skills, knowledge, techniques to execute a project effectively and efficiently
Order of phases in the Project Life Cycle
Initiating->Planning->Executing->Closing
What is a Process
A series of actions directed to a goal
What is PLC
Project Life Cycle
What is PMI
Project Management Institute
What are the 5 Process Groups defined by the Project Management Institute?
Initiating Group, Planning Group, Executing Group, Monitoring and Controlling Group, Closing Group
What phase does the Initiating Process Group appear in?
Initiating Phase
What phase does the Planning Process Group appear in?
Planning Phase
What phase does the Executing Process Group appear in?
Executing Phase
What phase does the Monitoring and Controlling Process Group appear in?
All phases (most frequently in Executing Phase)
What phase does the Closing Process Group appear in?
Closing Phase
Who is a key stakeholder in every project?
The Project Sponsor
What is the role of the Project Sponsor? (3 major things)
- Provides funding for the project
- Provides overall direction for the project
- Provides approval for project plans and deliverables
What does the Project Sponsor not do?
Manage the project - he is not the Project Manager
What is PM?
Project Manager
List the 3 major and 3 sub Project Constraints
- Scope, Cost, Time (major)
- Risk, Resources, Quality (sub)
Who manages a project portfolio?
Portfolio Manager
Who manages a program and what do they do?
Program Manager, directs project manager of each project in the program
What are Project Stakeholders?
Individuals, groups, organizations involved or impacted by the project
