Introduction Cont Flashcards
What are the 5 life cycle types?
- Predictive (Waterfall)
- Iterative
- Incremental
- Adaptive (Agile)
- Hybrid
What life cycle type would you use for complex or unique project?
Predictive. ie Mars Rover
What project life cycle type has maximum flexibility?
Hybrid
What are the 5 Project Management Process Groups?
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
What are Project Phases?
A collection of logically related project activities that culminates in the completion of one or more deliverables.
What are Phase Gates?
A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification or to end a project or program.
What is a process?
A systematic series of activities directed towards causing an end result such that one or more inputs will be acted upon to create one or more outputs.
What are the 10 Knowledge areas?
- Integration Management
- Scope Management
- Schedule Management
- Cost Management
- Quality Management
- Resource Management
- Communication Management
- Risk Management
- Procurement Management
- Stakeholder Management
What is the business case?
A documented economic feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as basis of authorization of the project.
What are the 4 major components of the business case?
- Business Needs
- Analysis
- Recommendations
- Evaluation
What is the project benefits management plan?
A document that describes how and when the benefits of the project will be delivered, and describes the mechanisms that should be in place to measure those benefits.
What are the 7 major components of the Project Benefits Management Plan?
- Target benefits
- Strategic alignment
- Timeframe for realizing benefits
- Benefits owner
- Metrics
- Assumptions
- Risks
What is the Project Charter?
A document issued by the project sponsor that formally authorized the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
What is the Project Management Plan?
Document that describes how the project will be executed, monitored and controlled.
What is Benefits Realization Management?
Collective set of processes and practices for identifying benefits and aligning them with formal strategy ensuring benefits are realized as project implementation progresses and finishes, and that the benefits are sustainable and sustained after project implantation is complete.
