Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMP Exam Prep > Chapter 2: Key Project Management Terms > Flashcards

Chapter 2: Key Project Management Terms Flashcards

1
Q

A temporary endeavor to create a unique product, service or result

A

Project

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Deals with the day-to-day work of a business. Has no start or end date.

A

Operations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Involves discovering greater levels of detail as the project moves towards completion.

A

Progressive Elaboration

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

The application of knowledge, skills, tools and techniques to meet project requirements; it’s about managing people to accomplish the scope of the project in the given constraints of time and cost.

A

Project Management

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

A project where much of the planning is done upfront at the beginning of the project, and then the rest of the project would be to execute the plan to complete the actual work.

A

Predictive

(Also traditional, waterfall or plan-driven)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is the main difference between projects and operations?

A

Projects are temporary and unique, operations have no start/end date and are not unique

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

A type of project where the product is built in increments vs. all at once as in a traditional project.

A

Agile

(Also adaptive or change driven)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

A project managed using both predictive and agile methods.

A

Hybrid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is the main reason an organization does a project?

A

To derive value from the output of that project.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is the primary function of a project manager?

A

To ensure that the project and its completed deliverables are always adding value to a business.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Inputs, tools and techniques that are combined to execute a specific activity on a project and create a specific outcome.

A

Processes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Things that are needed to start the process.

A

Inputs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Things that help you execute a process.

A

Tools & Techniques

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What you get out of a process.

A

Output

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What does ITTO stand for?

A

Input, Tools & Techniques, Output

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

A division within the project where extra control is needed to effectively manage the completion of one or more deliverables.

A

Phase

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What are the five process groups?

A

Initiating, Planning, Executing, Monitoring & Controlling and Closing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Held at the end of each phase of a project to determine if the project is meeting it’s goals and should continue.

A

Phase Gates

(Also phase reviews, stage gates, kill points)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

A part of the product that is presented to the customer or stakeholders for acceptance.

A

Deliverable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

________ from one phase will become _______ for another phase.

A

Outputs, Inputs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Used in project management to group a set of processes the project manager may be doing at a certain time.

A

Process Group

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

A certain set of processes that are usually defined by the knowledge needed to manage that area.

A

Knowledge Area

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

The series of phases a project will go through from start to finish.

A

Project Life Cycle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

A ______ life cycle is where the scope, time and cost are known early in the project.

A

Predictive

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

A ______ life cycle is when the scope is known early, but the time and cost will be refined as the project is progressing.

A

Iterative, adaptive or incremental

26
Q

A collection of projects containing a common goal.

A

Program

27
Q

A collection of projects and programs that are implemented to achieve a strategic business goal.

A

Portfolio

28
Q

A three to five year goal that a business wants to accomplish.

A

Strategic business goal

29
Q

What are the three baselines on all projects?

A

Scope, Time and Cost

30
Q

Records, templates and lessons learned from previous projects.

A

Historical Information

(Also Organizational Process Assets)

31
Q

We examine _______ to ensure that the next time we do something we do it better.

A

Lessons Learned

32
Q

Official documents that provide guidelines that must be followed.

A

Regulations

33
Q

A generally encouraged, but not mandatory guideline approved by a recognized governing body.

A

Standard

34
Q

All formal procedures and tools put in place to manage something.

A

System

35
Q

The framework, functions and processes that a company will follow in order to complete a project.

A

Project Governance

36
Q

Provides guidance and support for all project managers in a company.

A

Project Management Office (PMO)

37
Q

A PMO that is there to support the project manager with templates and training, this type of PMO has low authority over the project.

A

Supportive PMO

38
Q

A PMO that will support the project manager by giving them a specific framework they need to follow and templates they have to use, this type of PMO has moderate authority over the project.

A

Controlling PMO

39
Q

A PMO that will direct the project manager on what they should be doing and is generally in control of the project, this type of PMO is usually in high authority.

A

Directive PMO

40
Q

Any individual or business that may be positively or negatively affected by the project.

A

Stakeholder

41
Q

Provides resources and support to the project to ensure it’s success, may be internal or external.

A

Sponsor

42
Q

Which stakeholders are deliverables usually accepted by?

A

Sponsors and/or Customers

43
Q

Internal entities that are affected by project activities.

A

Organizational Groups

44
Q

Individuals who are heads of different organizational functions.

A

Functional Managers

45
Q

Helps to determine the power and authority level of the project.

A

Organizational Structure

46
Q

This type of organizational structure tends to involve small businesses where the role of the PM doesn’t really exist. The owner or operator generally controls the budget.

A

Organic or Simple

47
Q

An organizational structure where project management is done virtually using different types of computer technology.

A

Virtual

48
Q

An organization where resources are managed by the functional manager and the PM has very little control over them.

A

Functional Organization

49
Q

A business where the PM controls 100% of the resources.

A

Project Oriented

50
Q

An organizational structure that represents a middle ground between functional and project oriented.

A

Matrix

51
Q

In this type of matrix the PM has relatively low authority and is managed by the functional managers

A

Weak Matrix

52
Q

In this type of matrix the PM’s power is almost equal to that of functional managers for control of resources.

A

Balanced Matrix

53
Q

In this type of Matrix the PM has most of the power over resources.

A

Strong Matrix

54
Q

In this organization structure a company uses more than one of the different types of structure.

A

Hybrid

55
Q

What are the six project constraints?

A

Time, Scope, Cost, Risk, Resources and Quality

56
Q

All of the stages or phases a project or product goes through from beginning to the end.

A

Life Cycle

57
Q

Project success is measured by?

A

Finishing the project within the given limitations of scope, cost, time, quality, resources and risk.

58
Q

An end result or consequence of a process or project. Can include outputs and artifacts, but have a broader intent by focusing on the benefits and value that the project was undertaken to deliver.

A

Outcome

59
Q

An artifact that is produced, is quantifiable and can be either an end item in itself or a component item.

A

Product

60
Q

A collection of strategic business activities aimed at building, sustaining, and/or advancing an organization.

A

System for Value Delivery

PMP Exam Prep (9 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions