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PM Fundamentals > Module 1: Fundamentals of PM > Flashcards

Module 1: Fundamentals of PM Flashcards

After completing this module, the student will be able to: Describe a project accurately using provisions from the PMBOK guide. Outline the attributes of a project. Define project management as provided by the PMBOK guide. Explain the triple constraints in project management and how they tie to the concept of quality. Discuss the fundamental project management process. Explain the project management tools used at the different phases of the project management process.

1
Q

What are the 6 project Atributes.

A
  1. Has a well defined objective.
  2. It is composed of a series of independent tasks.
  3. Utilizes various resources.
  4. Has a specific timeframe.
  5. Has a customer
  6. Involves a degree of uncertainty
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2
Q

What is the Project Management’s definition.

A

Application of knowledge, skills, tools and techniques to project Activities to meet project requirements.

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3
Q

What are the Project Constraints ?

A

Variables that should be identified when establishing the project’s objectives.

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4
Q

What is the Scope?

A

Work that must be done to complete all the targeted deliverables and requirements agreed upon at the oustide of the project.

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5
Q

What is deliverable?

A

Tangible product or item.

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6
Q

Give me 4 project constraints.

A
  1. Scope
  2. Cost
  3. Time
  4. Quality
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7
Q

Scope is one of Project’s constraints. What does it focus on?

Sum of:

A
  1. Products
  2. Services
  3. Results
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8
Q

How do we make project happen?

A

Plan the work, work the plan.

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9
Q

What are the 4 elemnts of Project Life Cycle?

A
  1. Initiation
  2. Planning
  3. Execution
  4. Closure
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10
Q

What do we do during Phase 1. Initiation?

A

We are stablishing Projects Objectives.

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11
Q

What do we do during Phase 2. Planning

A

We Develop a Plan!

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12
Q

What do we do during Phase 3. Execution?

A

We perform the work.

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13
Q

What do we do during Phase 4. Closure

A

We obtain the Feedback.

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14
Q

What tools do we use during:
1. Initiation (2)
2. Planning (2)
3. Execution (3)
4. Closure (2)

A
  1. Project Charter and Stakeholder Register
  2. Schedule and Budget Tool
  3. Risk Log, Issue Log and Status Report
  4. Customer Feedback Survey and SUmmary Report
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15
Q

Who are the people working on the Project?

A
  1. Stakeholders
  2. Customer
  3. Sponsor
  4. Team Members
  5. Management
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16
Q

Who: will use product, service or result?

A

Customer

17
Q

Person / group - financial resources

A

Sponsor

18
Q

3 characteristics of a Stakeholder are:

A
  1. Actively involved in the Project
  2. They interests may be affected by project
  3. Have influence over project and it’s deliverables
19
Q

Reports directly to Project Manager and perform project work as regular part of their assigned duties.

A

Team Member

20
Q

What is Time Management Matrix?

A

It is a self-management tool, developed by Steven Covey in his book: The 7 habbits of Highly Effective People.

21
Q

What are the 4 elements of Time Management Matrix?

A
  1. Urgent & important
  2. Not Urgent & important
  3. Urgent & Not Important
  4. Not Urgent & Not important

PM Fundamentals (6 decks)

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