pg pm-pmp 11.06.23 pmbok : chapter 1 Flashcards
Definition of a Project
A project is a temporary endeavor undertaken to create a unique product, service, or result.
Why are projects undertaken to fulfill objectives by?
by producing deliverables that result in the desired outcomes.
deliverable
deliverableis defined as any unique and verifiable product, result, or capability to perform a service.
Are deliverables tangible or intangible?
Deliverables may be tangible or intangible.
project management body of knowledge (PMBOK)
as a term that describes the knowledge within the profession of project management.
What is the project management book of knowledge?
pmbok
project management body of knowledge (PMBOK)
includes proven traditional practices that are widely applied as well as innovative practices that are emerging in the profession.
Temporary endeavor.
The temporary nature of projects indicates that a project has a definite beginning and end.
Does temporary mean that a project has a short duration
Temporary does not necessarily mean a project has a short duration.
The end of the project is reached when one or more of the following is true:
The project’s objectives have been achieved; Funding is exhausted or no longer available for allocation to the project; The human or physical resources are no longer available; or
True or false: Projects are temporary, but their deliverables may exist beyond the end of the project.
True
benefit from projects may be
tangible, intangible, or both
Examples of tangible benefits:
Monetary assets, Utility, Tools, and
Examples of intangible benefits:
Goodwill, Public benefit, Strategic alignment, and
What is Project Management?
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.
What is a Program?
A Program is a group of related projects that are managed in a coordinated way to obtain benefits not available from managing them individually.
What is a Portfolio?
A Portfolio is a collection of projects, programs, and operations
Program and project management
focus on doing programs and projects the “right” way;
Portfolio management
focuses on doing the “right” programs and projects.
where can I find a photo of a sample portfolio?
first packet page 10
Project Phase
A project phase is a collection of logically related project activities that culminates in the completion of one or more deliverables
How can the phased of a life cycle be described?
The phases in a life cycle can be described by a variety of attributes. Attributes may be measurable and unique to a specific phase.
May projects be separated into distinc phases or components?
yes
where can I find a photo of a sample project phase?
first packet page 11
A phase gate is also known as?
review
where can I find a photo of a sample phase gate
first packet page 12
How many Project Management Processes are there
There are a total of 49 processes,
Are all of the 49 processes used for each project?
no, all processes may generally not be used.
How i project management accomplished
Project management is accomplished through the appropriate application and integration of logically grouped processes.
Can outputs be deliverables or outcomes
The outputs can be deliverables or outcomes. Outcomes are the end result of a process.
Project Business Documents how many
2
What are the Project Business Documents
Business Case and Benefits Management Plan
where can I find a photo of a sample Project Charter, project Management Plan, And Project Documents
first packet page 15
Three questions that the key stakeholders and the project manager should answer are:
What does success look like for the project?
*How will success be measured?
*What factors may impact success?
Financial success measures may include:
*NPV
*ROI
*IRR
*PBP
*BCR
