Introduction Flashcards
Differentiation
Areas of an organization with an expertise that can be assigned to solve a problem.
Example: accounting, production, marketing
Integration
The process of achieving unity of effort among the various subsystems in the accomplishments of the organizations task
Strong Matrix
Power with the PM
Weak Matrix
Power with the functional manager
Project
A temporary endeavor undertaken to create a unique product, service or result
Project Management
Application of knowledge, skills, tools, and techniques to meet project requirements.
5 Process Groups
Initiating Planning Executing Monitoring and Controlling Closing
Portfolio Management
Collection of projects or programs and other work that are grouped together to facilitate affective management of that work and meet business objectives
Program Management
Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually
Common outcome or collective capability.
Operations
Permanent endeavors that produce repetitive outputs
Stakeholders
Actively involved in the project or whose interest may be positively or negatively affected by the performance or completion of the project
Expert influence over the project deliverables and project team members.