Chapter One Flashcards

1
Q

What is a project?

A

A project is a temporary endeavor undertaken to create a unique product service or result

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2
Q

What is a program?

A

A program is a group of related projects subsidiary programs and program activities that are managed in A coordinated manner to obtain benefits not available for managing them individually

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3
Q

What is a portfolio?

A

A portfolio is a collection of projects programs subsidiary portfolios and operations managed as a group to achieve STRATEGIC OBJECTIVES

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4
Q

What focus does program and project management have?

A

Program and project management focus on doing programs and projects the RIGHT way.

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5
Q

What does portfolio management focus on?

A

Portfolio management focuses on doing the right programs and projects.

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6
Q

What is a project lifecycle?

A

A Series of phases that a project passes through from it start to its completion.

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7
Q

What is a project phase?

A

A collection of logically related project activities that culminates in the completion of one or more deliverables.

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8
Q

What is a phase gate?

A

A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a project or program.

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9
Q

What are project management processes?

A

A systematic series of activities directed toward causing an end result where one or more inputs will be acted upon to create one or more outputs.

The project lifecycle is managed by executing a series of project management activities known as project management processes.

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10
Q

What is project management process groups?

A

A logical grouping of project management inputs, tools and techniques, and outputs.

The project management process group includes initiating, planning, executing, monitoring and controlling, and closing.

Project Management process groups are not project phases!

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11
Q

What are the five development lifecycle’s?

A
Predictive
Iterative
Incremental 
Adaptive
Hybrid
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12
Q

What are the five project management process groups?

A
Initiating
Planning
Executing
Monitoring and controlling
Closing
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13
Q

What is done in the initiating process group?

A

The process is performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.

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14
Q

What is done in the planning process group?

A

Establish the scope of the project
Refine the objectives
defined the course of action required to attain the objectives that the project was undertaken to achieve.

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15
Q

What is organizational project management (OPM)?

A

A framework in which portfolio program and project management are integrated with organizational enabler’s in order to achieve strategic objectives

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16
Q

What is done during executing process group?

A

The process is performed to complete the work to find in the project management plan to satisfy the project requirements.

17
Q

What is monitoring and controlling process group?

A

Track, review, and regulate the process and performance of the project.

Identify any areas in which changes to the plan are required.

Initiate the corresponding changes.

18
Q

What are the 10 knowledge areas for project management?

A

Project ……… Management

Integration
Scope
Schedule
Cost
Quality
Resource
Communications
Risk
Procurement
Stakeholder
19
Q

1/10

What is project integration management?

A

This includes the processes and activities to

identify, 
define, 
combine, 
unify, and 
coordinate 

the various processes and project management activities within the project management process groups.

20
Q

2/10

What happens in project scope management?

A

This includes the processes required to ensure the project includes all the work required, and only the work required, to complete the project successfully.

21
Q

4/10

What is involved in a project cost management?

A
Planning
Estimating
Budgeting
Financing 
Funding
Managing
Controlling Cost 

so the project can be completed within approved budget

22
Q

5/10

What is project quality management?

A

Includes the process for incorporating the organizations quality policy regarding planning, managing, and controlling project and product quality requirements in order to make stakeholders expectations

23
Q

8/10

What is project risk management?

A
Conducting risk management planning
Identification 
analysis
Response planning
Response implementation
Monitoring risk
24
Q

9/10

What is project procurement management?

A

Processes necessary to purchase or acquire products, services, or results needed from outside the project team.

25
Q

Project Management Data

What is Work performance data?

A

Observations and measurements performed to carry out the project work.

26
Q

Project Management Data

What is Work performance information?

A

Performance data collected from various controlling processes

Analyzed in contacts and in a graded based on relationships across areas.

27
Q

Project Management Data

What is Work performance report

A

Physical or electronic representation of work performance.

Intended to generate decisions or raise issues, actions, or awareness is.

Examples
Status reports
Memo
Justifications
Information notes
Electronica dashboards
Recommendations 
Updates
28
Q

What are two project business documents?

A

Project business case

Project benefits management plan

29
Q

What does a business case do?

A

Lists the objectives and reasons for project initiation.

Helps measure the project success at the end of the project against the project objectives.

A needs assessment often proceeds the business case.

30
Q

A business case may include the following 4 things.

A

Business needs
Analysis of the situation
recommendation
Evaluation

31
Q

What is a project benefits management plan?

A
An outcome of actions
Behaviors
Products
Services 
Results

That provide value to the sponsoring organization as well as the projects intended beneficiaries

32
Q

What are the seven key elements in a project benefits management plan?

A
Target benefits
Strategic alignment
Timeframe for realizing benefits
Benefits owner 
metrics 
assumptions 
risks
33
Q

What is a project charter?

A

A document issued by the project sponsor that formally authorizes the existence of a project and provide the project manager with the authority to apply organizational resources and project activities.

34
Q

What is a project management plan?

A

A document that describes how the project will be executed, monitored, and controlled