Foundational Elements - Not all-inclusive Flashcards
Expectations of the project manager do not change, but control of detailed planning and delivery delegated to the team, emphasis on collaborative decision making, and ensuring the team has the ability to respond to changes.
Agile/Adaptive Envioronments
Net quantifiable benefits derived from a business endeavor, and is the return, in the form of elements such as money, goods, or intangibles in return for something exchanged.
Business Value
A project is amid at moving an organization from one state to another state in order to achieve a specific objective.
Project Drive Change
Benefits may be tangible, intangible, or both.
Projects Enable Business Value Creation
the series of phases that a project passes through from start to completion (through”Phase Gates” (PG)
Project Life Cycle
A framework in which portfolio, program, and project management are integrated with organizational enablers to achieve strategic objectives.
Organizational Project Management (OPM)
A temporary work endeavor was undertaken to create a unique product, service, or result.
Project
The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Project Management
Related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually.
Program
The application of knowledge, skills, tools, and techniques to a program to achieve program objectives and obtain benefits and control not available by managing program components individually.
Program Management
Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
Portfolio
The centralized management of one or more portfolios to achieve strategic objectives.
Portfolio Management
What are the 5 Project Management Process, Groups
Initiating planning executing monitoring & Controlling Closing
What are the 10 knowledge areas
Project Integration Management Scope Schedule Cost Quality Resource Communications Risk Procurement Stakeholder
What are the 2 Initiating processes
Develop project charter
Identify stakeholders
What are the 24 planning processes
Develop a project management plan
Plan scope management, Collect requirements, Devine scope, Create WBS
Plan schedule management, Define Activities, Sequence Activities, Estimate activities duration, Develop schedule
Plan cost management, Estimates cost, Determine budget
Plan quality management
Plan resource management, Estimates activities resources
Plan communication management
Plan risk management, Identify risks, Perform qualitative risk analysis, Perform quantitatively risk analysis, Plan risk responses
Plan procument management
Plan stakeholder engagement
What are the 10 Executing Processes
Direct and manage project work, Manage project knowledge
Manage quality
Acquire resources, Develop team, Manage team
Manage communication
Implement risk responses
Conduct procurements
Manage stakeholder engagement
What are the 12 Monitoring and Controlling Processes
Monitoring and control project work, Perform inegrated change control
Validate scope, control scope
Control schedule
Control cost
Control quality
Control resources
Monitor communications
Monitor risks
Control procurements
Monitor stakeholder engagements
What is the 1 Closing Phase
close project or phases.
