Chapter 2 Flashcards
How are projects defined
Have beginning and end
Product unique product
Workplace activities can be broken into 2 groups
Projects
Ongoing operations
How are ongoing operations defined
Have no end
Product similar if not identical products
Projects always present new challenges in
Personnel
Estimating
Authority
Controls
T or f….projects are not more difficult than ongoing operations
True…they simply have different challenges
What are the 2 types of pm?
PERT - program evaluation & review technique
PM - critical path method
PM is industry (dependent or independent)
Independent
Project managers are industry (depends, independent)
Dependent
Project managers require skills in 3 areas :
PM
Business management
Technical
A successful project is (3 things)
On time
On budget
High quality
What it’s supposed to do is (aka…
Scope
How well does it do it? (Aka…
Performance
What are the three primary project variables
Quality
Speed
Price
Quality, speed, price is apart of the
Cost-schedule-quality equalibrium
Managing expectations is a main job for…
A PM
Success formula for PMs
Set realistic C-S-Q expectations with all the projects stakeholders
Manage expectations
Deliver the promised product on time & within budget
Three PM functions
Definition > to-do > planning > to-do > control
What is the project life cycle
Define
Plan
Execute
Close-out
What happend during the defining stage
Project is started
PM named in project charter
Ends when project rules are approved
When does defining stage when
When project rules are accepted
