INTRODUCTION Flashcards
What is A Guide to the Project Management Body of Knowledge Fifth Edition?
The guide provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle. The PMBOK Guide contains the globally recognized standard and guide for the project management profession.
What is a standard?
Is a formal document that describes established norms, methods, processes, and practices.
What is Annex 1 in the PMBOK Guide?
Annex 1 is the standard for project management and presents the processes, inputs, and outputs considered to be good practice on most projects most of the time. Annex A1 is a foundational reference for PMI’s project management professional development programs. Annex A1 continues to evolve along with the profession and is therefore not all-inclusive; this standard is a guide rather than a specific methodology. One can use different methodologies and tools (e.g., agile, waterfall, PRINCE2) to implement the project management framework.
The acceptance of project management?
As a profession indicates that the application of knowledge, processes, skills, tools and techniques can have a significant impact on project success.
What is generally recognized mean?
Means the knowledge and practices described as applicable to most projects most of the time, and there is consensus about their value and usefulness.
What is good practice mean?
Means there is general agreement that the application of the knowledge, skills, tools, and techniques can enhance the chances of success over many projects. “Good practice” does not mean that the knowledge described should always be applied uniformly to all projects.
Who is responsible for determining what is appropriate for any given project?
The organization and/or project management team is.
What is the PMI Lexicon of Project Management Terms?
Provides the foundational professional vocabulary that can be consistently used by project, program, and portfolio managers and other stakeholders.
What is the Project Management Code of Ethics and Professional Conduct?
Guides practitioners of the profession and describes the expectations that practitioners should hold for themselves and others. The Project Management Institute Code of Ethics and Professional Conduct is (specific) about the basic obligation of responsibility, respect, fairness, and honesty. It requires that practitioners demonstrate a commitment of ethical and professional conduct. It carries the obligation to comply with laws, regulations, and organizational and professional policies. Practitioners come from diverse backgrounds and cultures and the Project Management Institute Code of Ethics and Professional Conduct applies globally.
When interacting with any stakeholder what should practitioner(s) do?
Should be committed to honest, responsible, fair practices and respectful dealings.
What is a project?
A project is a temporary endeavor undertaken to create a unique product, service, or result.
The temporary nature of a project indicates what?
That a project has a definite beginning and end.
The end of a project is reached when?
When the project’s objectives have been achieved or when the project is terminated because its objectives will not or cannot be met, or when the need for the project no longer exists. A project may also be terminated if the client (customer, sponsor, or champion) wishes to terminate the project.
The word (temporary) does not what in project management?
Does not necessarily mean the (duration) of the project is short. It refers to the project’s (engagement and longevity). Temporary does not typically apply to the (product, service, or result) created by the project; most projects are undertaken to create a (lasting outcome). For example, a project to build a national monument will (create) a result expected to last for centuries. Projects can also have (social, economic, and environmental) impacts that far outlive the projects themselves.
Every project creates what?
A unique product, service, or result.