Framework Flashcards
Define Project Management System
Project management system is a set of procedures, tools and techniques, processes, and methodologies that an individual PM, PMO, or company can use to manage projects.
Define Project Management
Project management is the application of information, skills, tools, and techniques to project activities in order to meet project needs.
Define the Project Management Lifecycle.
The project management lifecycle includes five processes: initiating, planning, executing, monitoring and controlling, and closing. These process groups can be applied to a project or separate phases of the project.
Define the Project Life Cycle.
The project life cycle is the process of completing the work on the project. It is not the management of the work but the work process.
Define the Product Life Cycle.
The product life cycle involves the product of service from concept to divestment.
What is progressive elaboration?
Progressive elaboration is the refinement of something as you obtain new information that impacts the thing.
What are the defining characteristics of a project
Projects: Have a specific purpose Create specific results Has definite start and stop Is temporary Could be progressively elaborated as more is learned about the project details.
What are the characteristics of a subproject?
Subprojects are created when there is a need to break something down into smaller pieces that are easier to manage.
What is program management?
A program encompasses projects of similar work or correlated activities managed in a coordinated way to attain benefits that could not be achieved separately.
What is portfolio mgmt?
Portfolio management involves a group of projects and/or programs that have some degree of interactivity related to an overall strategic business goal.
What is strategic planning?
Strategic planning is a practice by which a company looks into the future for projects or services it must have, typically there to five years.
What is a PMO?
A project management office provides:
A centralized area to direct projects and all project personnel to work
A centralized area for documentation and process support for PMs
A centralized area for PM support and auditing of projects
What is the triple constraint in project management?
Scope
Time
Cost
If you have to go from the executing phase back to adjust the project plan, what phase are you in?
Planning Phase.
What is the main focus of the Initiating phase and the key outputs of the phase?
The main focus is on putting the initial work into place. Outputs= Project charter, Stakeholder register.