Operations Mangement. Project Managemnt Flashcards
How is a project defined?
Temporary undertaking
5 major processes of project management
Authorization, planning, implementation, monitoring, and closing
What is the significance of a project charter?
Permission
What describes the product or services the project must deliver at completion?
Statement of Work
What process consists of establishing the baseline and initial project management plan?
Planning
What process consists of completing the work and project procedure and deliverables conform to the standard of quality?
Implementation
What process consists of project ending?
Closing
What is the saying for the project management process?
“An authorized project plan, implemented, monitored, and controlled, eventually ends when the objectives have been completed.”
What is the project manager duties?
Day-to-day basis
What is the project members duties?
Perform the project tasks
What is the project sponsor duties?
Executive level of management who is responsible for allocating funds and resources and chair the steering committee
What is the executive steering committee duty?
Group of executive level of people charged with regular oversight
What are the 2 resources?
Money & labor
What are the attributes of the product, service, or result?
Product scope
What represents the amount of money that is expected to be spent on a project?
Cost baseline
