MIDTERM Flashcards
What is a Project
a temporary endeavor undertaken to create unique product, service or result
What is Project Management
-the discipline of initiating, planning, executing, controlling and closing the work of a team to achieve specific goals and meet specific success criteria
-the application of knowledge, skills, tools and techniques to project activities to meet the project requirements
What is an Operation
ongoing execution of activities which occur to produce the same result or repetitive service
What makes an effective project team
clear sense of mission
productive interdependency
cohesiveness
trust
enthusiasm
results oriented
why teams fail
- poorly developed or unclear goals
- poorly defined project team roles and interdependencies
- lack of project team motivation
- poor communication
- poor leadership
- turnover among project team members
- dysfunctional behavior
What is a deliverable
any unique and verifiable product, result, or capacity to perform a service that is required to be produced to complete a process, phase, or project
What are needed to effectively plan for either cost or time?
Scope
WBS
WBS dictionary
WBS definition in PMBOK
a deliverable oriented hierarchical decomposition of the work to be executed by the project team
What is a Statement of Work
document that provides an overview of the project including the scope (the deliverables)
SOW contains
key objectives of the project
expected outcomes of the project
an abbreviated description of the scope in the project
an introduction
background of the project
an introductory technical description of the project
a high level timeline
major milestones
scope baseline
Scope
WBS
WBS dictionary
importance of planning cost management
provides guidance and direction on how the project costs will be managed throughout the project
Inputs to create a Cost Management Plan
Project Charter
Project Management Plan
sched
risk
Enterprise Environmental Factors
Organizational Process Assets
Tools and Techniques to create a Cost Management Plan
Expert Judgement
Data Analysis
Meetings
