Flashcard set - 1
process groups
IPECC
There are 5 process groups, and 49 project management processes
iron triangle of project management
cost, time, and scope
international & political environment
considering local/international laws, languages, communication & time zone differences
project benefits management plan
created by the project sponsor & PM
defines what benefits the project creates, when it will be realized & how the benefits are measured
project business case
created by the project sponsor & shows the financial validity of why a project is launched
project environment
location & culture of the environment where a project work is done
program
a collection of projects working together toward many deliverables
what 3 options are typically recommended after a business analysis
- do nothing: business as usual
- do the minimum work possible
- do the most work possible
adaptive life cycle
-change driven
-agile project management
-backlog of requirements
predictive life cycle
plan driven, waterfall approach (colonial)
project business case
created by the project sponsor & shows the financial validity of why a project is launched
project portfolio management
the management & selection of projects that support a company’s vision & mission
balance of:
-project priority
-risk
-reward
-return on investment
adaptive life cycle
-change driven
-agile project management
-backlog of requirements
deliverable
a product, service, or result created by a project
iterative & incremental life cycle
phases repeat through iterations, iterations create deliverables
cultural and social environment
religious, economic, ethical, educational and demographic composition of the people effected by a project
R E E E D
“phase gate”
a review process when you cannot go to the next phase until the current phase is 100% done
business documents for a project performance
- phase gates
- performance compared to documents
- decision of comparisons
work performance data
raw data, observations & measurements about a project components
work performance information
the processed and analyzed data that will help a PM make decisions
work performance reports
communication of work performance
which knowledge area includes a project charter?
project integration management
project
a temporary, unique endeavor that creates a product, service or result
subprojects
a smaller project managed within a larger parent project
project management office types
supportive, controlling, directive
