Chapter 2 - Framework Flashcards
What is the definition of a project?
Temporary. Creates a unique product, service or result
What is Operational Work?
Ongoing work to support the business and systems of the organization.
What is the definition of a Program?
A group of interrelated projects, managed in a coordinated way.
What is the definition of a Portfolio?
A group of programs, individual projects, and related operational work to achieve a specific strategic business goal.
What is Organizational Project Management (OPM)? What are its benefits?
A framework for keeping the organization focused on its overall strategy. It provides direction for how portfolios, programs, projects, and other organizational work should be prioritized, managed, executed and measured to best achieve the firm’s strategic goals.
What is OPM3?
A PMI model designed to help organizations determine their level of maturity in project management.
What is a project management office (PMO)?
A department that centralizes standardizes the management of projects.
What are three possible formats for a PMO?
- Supportive
- Controlling
- Directive
What are project constraints/
Time, Cost, Risk, Scope, Quality, Resources and Customer Satisfaction. Constraints are use dot help evaluate competing demands.
Who are project stakeholders?
Anyone whose interests may be positively or negatively impacted by the project.
What are the three primary forms of organizational structure?
Functional
Projectized
Matrix
What is a functional organization?
The organization is grouped by areas of specialization (e.g., accounting, marketing)
What is a projected organization?
The organization is grouped by project. The team has no deportment to go to at project end. The project manager has total control of the resources.
What is a matrix organization?
A blend of functional projected organization where the team members have two bosses (the project manager and functional manager).
What is a strong matrix organization?
A matrix organization where the balance of power rests with the project manager instead of the functional manager.
What is a weak matrix organization?
What role might the project manager play in a weak matrix?
A matrix organization where the balance of power rests with the functional manager instead of the Project manager.
The project manager would be a project expediter or project coordinator in a weak matrix.
What is a balanced matrix organization?
A matrix organization where power is equally balanced between the project manager and the functional manager.
What is a project-based organization?
A temporary framework for projects created to circumvent any obstacles inherent in the organization’s existing structure (whether functional, projected or matrix).
What are enterprise environmental factors?
When are they used?
The organization’s culture and existing systems that the project will have to deal with work or can make use of.
They are used throughout the project management process.
What are the organizational process assets?
When are they used?
- Company process and procedures.
- Historical Information.
- Lessons learned.
They are used throughout the project management process.
What is historical information?
Records of past projects, including lessons learned, used to plan him manage future projects.
Records of the current project that will become part of organizational process assets.
What is a project management information system?
The automated system to submit, track changes and monitor and control project activities.
What do lessons learned describe?
How are lessons learned used?
What would right, what went wrong, and what would be done differently if the project can be redone.
Used in planning the project.
Used by other projects in the future.
What is work performance data?
Measurements and details about activities gathered during project work (executing).
