MIDTERM Flashcards
Definition of a Project
- a temporary endeavor undertaken to create a unique product, service, or result
- has a definite beginning and end
- ends when the project objectives are achieved (or terminated due to not achieving the project)
What is project management?
the discipline of planning, organizing, securing, managing, leading, and controlling resources to achieve specific goals
How many PMBOK processes
49
How many knowledge areas
10
How many process groups
5
What are the 5 process groups
Initiating
Planning
Executing
Monitoring and Controlling
Closing
What are the knowledge areas
Integration
Scope
Time
Cost
Quality
Resources
Communications
Risk
Procurement
Stakeholder
ITTO
Inputs
Tools and Techniques
Outputs
SOW
Statement of Work
What is a SOW
a narrative description of the work to be completed if/when the project is launched
a document that is reviewed and approved before launching a formal project
SOW
Who creates the SOW (from PPT)
senior manager or project sponsor
a document where the initial ideas for a project are put on paper
SOW
What are included in the SOW
- Strategic Plan
- Business need
- Description of the product or service(scope description)
Also include: - funding constraints
- high level schedule
- deliverables
- acceptance criteria
It shows how the project supports the overall organization
Strategic Plan
What is a Project Charter
- a document that formally authorizes a project (or phase)
- establishes a partnership between the performing organization and the requesting organization
- formally initiates the project
- assigns a project manager (who is typically involved in creating the Charter
What is the project life cycle
starts the project
organizes project
closes the project
What are included in the Statement of Work
Business Need
High level schedule
funding constraints
What is not included in the Statement of Work
WBS
Project management has ____ processes organized into ____ knowledge areas and ____process groups
49, 10, 5
Statements about project life cycle
- phases are segmented into logical subsets
- as each phase closes, a decision is needed
- milestones dictate when phases close
the output for develop project charter
project charter and assumption log
who is the requesting organization
client (may be internal or external)
inputs for developing a project charter
business documents
agreements
enterprise environmental factors
organizational process assets