Definitions only Flashcards
What does the PMBOK guide refer to PMO as ?
Project Management Office
A quantifiable artifact (can be end item or component)
Product
The integration of people, processes, and data to evolve a product over its lifecycle
Product Management
Covers delivery, growth, maturity, and retirement
Product Life Cycle
The end result of a process or project, emphasizing benefits and value rather than just deliverables
Outcome
A grouping of projects, programs, and operations managed to achieve strategic goals
Portfolio
A group of related projects managed to in a coordinated way for greater benefit
Program
A temporary effort to create a unique product, service, or result
Project
The application of skills and techniques to meet project goals, regardless of method
Project Management
The individual responsible for leading the project team to deliver outcomes
Project Manager
The group of people doing the work to meet project objectives
Project Team
The broader structure (projects, portfolios, etc.) used by an organization to create value
System for value delivery
The benefit, importance, or usefulness of something,; can be financial, functional, or societal
Value
Acting responsibly and ethically while managing resources and relationships. It involves caring for what is entrusted to you
Stewardship
The condition of having the right, within a given context, to make relevant decisions, establish or improve procedures, apply project resources, expend funds, or give approvals. ___ is conferred from one entity to another, whether done explicitly or implicitly
Authority
The condition of being answerable for an outcome. This is not shared
Accountability
The condition of being obligated to do or fulfill something. This can be shared.
Responsibility
prepares individuals and organizations to transition from the current state to a future state by adopting new behaviors, process, or capabilities driven by project outcomes
Change
