Introduction to Project Management Flashcards
A project
“a temporary endeavor undertaken to create a unique product, service, or result”
Project end
when their objectives have been reached, or the project has been terminated
operation
is work done to sustain the business
Project Attributes
-unique purpose
-temporary
-drives change and enables value creation
-is developed using progressive elaboration or in an iterative fashion
-requires resources, often from various areas
-should have a primary customer or sponsor
-involves uncertainty
Project constraints: “the magic Triangle” (page 11)
-scope (en haute)
-cost (money en bas à droite)
-Schedule (time en bas à gauche)
other project constraints
-technical constraints
-Quality
-Availability of key resources -
-Risk
-Customer satisfaction
-stakeholders
-Statutory regulations
-Sustainability
-Ethics
project success
-provided value (the worth, importance, or usefulness of something)
-met scope, time, and cost goals
-satisfied the customer/sponsor
-produced the desired results
net promoter score
method used to measure customer satisfaction, number that represents the customer’s willingness to recommend a product or service to others.
Project management
“the application of knowledge, skills, tools and techniques to project activities to meet project requirements”
Project management framework
page 18
5 process Group:
1. Initiating
2. Planning
3. Executing
4.Monitoring and controlling
5. Closing
10 Project Management Knowledge Area
-scope management
-schedule management
-cost management
-ressource management
-communications management
-risk management
-Procurement management
-stakeholder management
Project management process group
different stage from selecting to administrative closure (page 19)
Project management- Knowledge how much areas
10 (integration, scope, schedule, cost, quality, resource, communication, risk , procurement, stakeholder)
Project integration management
is an overarching function that coordinates the work of all other
knowledge areas. It affects and is affected by all of the other knowledge areas.
Project scope management
involves working with all appropriate stakeholders to define, gain written agreement for, and manage all the work required to complete the project successfully.
Project schedule (“time”)
management includes estimating how long it will take to complete the work, developing an acceptable project schedule given cost-effective use of available resources, and ensuring timely completion of the project.
Project cost management
consists of preparing and managing the budget for the project.
Project quality management
ensures that the project will satisfy the stated or implied needs for
which it was undertaken.
Project resource management
is concerned with making effective use of the people and physical resources needed for the project.
Project communications management
involves generating, collecting, disseminating, and storing project information.
Project risk management
includes identifying, analyzing, and responding to risks related to the project.
Project procurement management
involves acquiring or procuring goods and services for a project from outside the performing organization.
Project stakeholder management
focuses on identifying project stakeholders, understanding their needs and expectations, and engaging them appropriately throughout the project.
Project management tools and technique
assist project managers and their teams in various aspects of project management.
specific tools for project management
-Project charters, scope statements, and WBS (scope)
-Gantt charts, network diagrams, critical path analyses (time)
-Net present value, cost estimates, and earned value management (cost)
-Agile projects often require product roadmaps, backlogs, burndown charts, retrospectives, etc.
Principles
for a profession serve as foundational guidelines for strategy, decision making, and
problem solving
a project performance domain
is a group of related activities that are critical for the effective delivery of project outcomes.
Tailoring
is the deliberate adaptation of the project management approach, governance, and processes to make them more suitable for the given environment and the work at hand.
a model
is a thinking strategy to explain a process, framework, or phenomenon (for example, leadership models, change models, etc.)
A method
is the means for achieving an outcome, output, result, or project deliverable (like tools and techniques – methods for data gathering and analysis, estimating, meetings & events, etc.)
An artifact
can be a template, document, output, or project deliverable (for example a project charter, product backlog, contract, etc.)
Program
is a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually.
Program Manager
provides leadership and direction for the project managers heading the projects within the program
Project Portfolio Management
is defined as projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives
distinction between project or program management and portfolio management
is a focus on meeting tactical versus strategic goals.
emerging business strategy of portfolio Management
selecting and managing the optimum set of projects and programs to deliver maximum business value.
Project and program management question
-Are we carrying out projects well?
-Are projects on time and budget?
-Do project stakeholders know what they should be doing?
Portfolio management addresses questions like:
-Are we working on the right projects?
-Are we investing in the right areas?
-Do we have the right resources to be competitive?
Project Lifecycles
predictive –> hybrid –> adaptive
Agile project management
called adaptive project management, is used to describe an approach where the project scope cannot be well-defined upfront, incremental releases are desired, and changes are expected.
Predictive project management
called waterfall or traditional project management, are terms used to describe an approach where most of the project planning is done upfront, there is a single final product, service, or result delivered at the end of the project, change is constrained, costs and risks are controlled, and stakeholders are involved at specific milestones.
