Deck 1 Flashcards
How many process groups are there?
5
How many knowledge areas are there?
10
There are _____ processes
49
Define a project
A temporary endeavor undertaken to create a unique product, service, or result
When does a project come to an end?
When the project objectives are met, the need of the project does not exist, or the project is terminated.
Define “temporary”
Has a definite start or end.
Define “unique”
Each project is different from another in at least 1 attribute.
Projects drive ________
Change
How do projects drive change?
They move an organization from one state to another to achieve some objective. Ex: Changing how businesses do work.
Projects enable _____________
Business value creation
Value is a______________ benefit
Net quantified
What does it mean to be a net quantified benefit?
You can project the value once your product hits the market.
Business value can be……
Tangible or intangible
What is an example of a tangible benefit?
A new product or lines of business
What is an example of an intangible benefit?
Customer satisfaction
