Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

PMP > Foundational Terms & Concepts > Flashcards

Foundational Terms & Concepts Flashcards

1
Q

Process

A

Does or creates something of value for a project

Consists of: inputs, outputs and tools/techniques

May be performed more than one time

Carried out in parallel

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Exit gate

A

Point at end of the phase where team decides If deliverables were completed successfully and the next phase can be started

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Project

A

Temporary (finite) endeavor undertaken to create a unique product/service/result

Unique - has not been attempted before

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Portfolio

A

Represents its entire investment in projects and programs

Should always be aligned to org strategic goals

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Progressive elaboration

A

Agile - don’t know all characteristics of a product up front

Project is accomplished through several iterations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Project management

A

Application of knowledge, skills, tools and techniques to project activities to meet project requirements

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Success

A

Delivering the product and the project within the boundaries of scope, cost, schedule, quality and customer satisfaction

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Organizational process assets

A

Historical information found in records kept on previous projects

Can be used to help benchmark projects

Help predict trends and avoid mistakes

Evaluate project feasibility

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Baseline

A

Original plan plus all approved changes

Measure how performance deviates from the plan

If changes are approved; new baseline

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Lessons learned

A

Variances between plan and result

Gathered at end of phase/project

What we do if we did project again

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Regulation

A

Official document that provides guidelines to be followed

Compliance to regulations is mandatory

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Standard

A

Document approved by a recognized body that provides guidelines

Not mandatory but may be helpful

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

System

A

Incorporates all formal procedures and tools put in place to manage something

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Project manager

A

Ultimately responsible for outcome of the project

Fixing problems is their responsibility

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Project coordinator

A

Significantly weaker than project mgr

May not be able to make project/budget decisions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Senior management

A

Anyone more senior than pm

Help prioritize projects and makes sure pm has right authority and access to resources

17
Q

Functional manager

A

Department manager in charge of most resources for the project

May be source of conflict

18
Q

Stakeholder

A

Involved in the project or whose interests may be positively or negatively affected by the outcome of the project

19
Q

Sponsor

A

Person paying for the project

Internal/external

Also called project champion

20
Q

Organic organization

A

Teams/groups form naturally

In charge varies based on priorities/personalities

Can be adaptive

Lack of org maturity, may be driven by short term urgency

21
Q

Functional organization

A

Very common, team members work for a department

Functional mgr in charge

High degree of professionalism, deeper experience

Project mgr is weak, projects are prioritized lower

22
Q

Matrix organization

A

Hybrid- Fxnl mgr for HR and PM for projects
Strong - pm has power, weak - fxnl, balanced - both

Power shared bw fxnl and pm

Best of both worlds, pm gains experience and empowered to use resources

High overhead and possibility for contention

23
Q

Projectized organization

A

Structured to projects - pm over people and projects

Pm in charge

Pm has complete authority

Team members belong to project so growth is hard

24
Q

Virtual organization

A

Distributed team, may be part time

In charge varies

No cost of transportation, can work around clock

No relationship bc never meet

25
Q

Composite organization

A

One or more types of reporting structures

In charge varies

May include benefits from other types

Added org types may introduce complexity

26
Q

PMs power

A

Fxnl -> weak matrix -> balanced matrix -> strong matrix -> projectized

27
Q

PM skills

A

Leading, communicating, negotiating, problem solving, influence, project governance

28
Q

Project life cycle

A

Conceptual -> planning -> construction -> testing -> implementation -> closure

Risk decreases over time

Stakeholder influence decreases over time

Staffing, resources and project costs increase, stabilize and then decrease over time

29
Q

Triple constraint

A

Time, scope, cost

Can’t adjust one without affecting another

Quality and risk associated

30
Q

Work authorization system

A

Part of PMIS makes sure that work gets performed at the right time in the right sequence

31
Q

Project management plan

A

Single approved document that guides execution, monitoring and controlling and closure

32
Q

Project charter

A

Projects birth certificate

Names project manager
Documents risk
High level budget, requirements, milestones
No project details

33
Q

SDLC waterfall

A

Analysis -> design -> implementation -> testing -> evaluation

Resistant to change

PMP (14 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions