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6 - PMP Terminology > Framework Terminology > Flashcards

Framework Terminology Flashcards

1
Q

Authority

A

The agreement to be able to assign project resources, make project decisions, and spend project funding

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2
Q

Closing Processes

A

Activities during which formal acceptance and completion procedures are attained from either a phase or the project itself

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3
Q

Co-location

A

A team-building technique in which team members are located together or as close to each other as possible

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4
Q

Control

A

Analyze variances between actual performance and planned performance to effect improvements

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5
Q

Criteria

A

Standards to which project variables are compared for acceptability

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6
Q

Customer

A

The individual, group, or company that will own the work of the project when it is complete

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7
Q

Enterprise

A

A company, business, or other formal structure that encompasses a business function

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8
Q

Enterprise Environmental Factors (Output/Input)

A

Any internal or external organization variables that can influence the project success Examples: company culture, the business market, technology, and personnel

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9
Q

Executing Processes

A

The coordination of personnel and additional resources to implement the project management
plan and create the deliverables of the project

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10
Q

Functional Manager

A

A manager of a department or unit in a functional organization

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11
Q

Functional Organizational Structure

A

A structure within a company where people are grouped by similar skill set (e.g., accounting, marketing, engineering)

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12
Q

Goods

A

Products that have been created and are available for purchase

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13
Q

Historical Information

A

Information from previous projects that can be used to learn from success and failure

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14
Q

Influencer

A

A person or organization that is not necessarily directly related to the project but can influence the project in either a good or bad way

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15
Q

Initiating Processes

A

The beginning processes in a project, which occur prior to Planning

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16
Q

Initiator

A

An organization or individual authorized and capable of starting a project

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17
Q

Management by Projects

A

Performing day-to-day operations by a project management approach

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18
Q

Matrix Organizational Structure

A

A structure within a company where people are organized by (and report to) a combination of Project and functional managers

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19
Q

Methodology

A

A set of procedures used in project management

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20
Q

Monitoring and Controlling Processes

A

Actions to make sure the project objectives are completed successfully

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21
Q

Operations

A

The day-to-day repeatable activities that a company performs

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22
Q

Organization

A

A group of people formed for the purpose of performing work within a company or enterprise

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23
Q

Organizational Process Assets (Output/Input)

A

The various process-related assets from the organizations involved in the project work; can include templates, documentation, methods and procedures, and policies

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24
Q

Performing Organization

A

The entity whose personnel are most directly involved in performing the work of the project

25
Planning Processes
The processes required to develop the activities to attain an objective
26
Portfolio
A group of programs or projects related and managed in a coordinated way to achieve specific strategic business goals
27
Portfolio Management (Technique)
Managing various portfolios that include the projects and programs of which they consist; can include prioritization, authorization, and management
28
Product Life Cycle
The generally sequential phases of a product
29
Program
A group of related projects that are managed to obtain synergistic benefits and control
30
Program Management
The management of projects in a coordinated way to achieve better results than if managed separately
31
Progressive Elaboration (Technique)
The process of beginning a project and, as more information is discovered, adjusting the plan to reflect the information and progress
32
Project
A temporary undertaking to create a unique product, service, or result
33
Project Initiation
The process that can result in the authorization of a project
34
Project Life Cycle
The process of completing work on the project: It is not the project management of the work, but rather the work process such as the building process of creating a house, or that of developing a computer program. This life cycle typically coexists with the project management life cycle.
35
Project Management
An approach to meeting project objectives by utilizing defined methodology which includes knowledge, skills, tools, and techniques
36
Project Management Body of Knowledge
The knowledge within the profession of project management
37
Project Management Knowledge Area
The nine project management knowledge areas are integration, scope, time, cost, quality, human resource , communication, risk, and procurement
38
Project Management Office
The central group of project management at a company; can be a centralized group of project managers or the office that standardizes policy or procedures
39
Project Management Process Groups
The group of processes that complete a project (Initiating, Planning, Executing, Monitoring and Controlling, and Closing)
40
Project Management System
The elements needed to manage a project: processes, tools, methods etc.
41
Project Manager (PM)
The person responsible for ensuring that project objectives are met
42
Project Phase
A group of project activities making up a piece of the project that interrelates with other pieces to make up the project
43
Projectized Organization
An organization which authorizes the project manager to assign resources to the project, to establish priorities, and to direct the work of the project
44
Regulation
A requirement developed by a government organization
45
Role
A specific function performed by a member of a project team with defined behaviors and activities
46
Service
Work performed without resulting in a physical product
47
Skill
The capability to execute project-related activities based on individual subject matter expertise and abilities
48
Sponsor
Person or group who provides the financial resources for the project
49
Stakeholder
Person or entity whose interests are positively or negatively affected by the project or whose influence can positively or negatively affect the project
50
Standard
An established norm or requirement
51
Subphase
A division of a phase of a project
52
Subproject
A smaller piece of the project, as a result of decomposition; is usually created as a result of creating the work breakdown structure
53
Technique
A procedure executed by a resource to complete activities on the project
54
Template
A partially filled-out document that can serve as a shell for completion of project documents
55
Tight Matrix
A phrase that describes a war room or close environment for the team; can also be used as a distracter answer on organizational-related questions
56
Variance Analysis (Technique)
An approach for measuring the variance associated with the scope, time, or cost of the project
57
Virtual Team
A group of people with similar goals who form a team but spend little (if any) time together
58
Voice of the Customer (VOC)
A Planning process that considers the requirements the customer really needs when technical requirements are created
59
War Room
A room shared by project personnel that can be used for planning and meetings, and display charts, graphs, and various other project information

6 - PMP Terminology (19 decks)

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