PM Overview - Definitions Only Flashcards
Colocation
Project team physically located close together.
Communication
Working relations
Productivity
Constraints
Restriction/Limit that may force a certain action or inaction
Good Practice
Specific activity or application proven to positively contribute to the execution of a process.
Enterprise environmental factors
Influence project success.
Internal and external
Controllable and uncontrollable
Operation
Work for day-to-day business of an org
Organizational Process Asset
Processes, plans, guidelines, procedures.
Formal and informal
On-going and historical
Portfolio
Programs, projects, and add’l work managed together to meet strategic business goals
Product Life Cycle
Intro, growth, maturity, retirement
Business Value
The total sum of all tangible and intangible elements of a business
Program
Group of related projects managed together.
Prototype New Plane::mfg 99 planes
Project::Program
Progressive Elaboration
Iterative process of continuously improving detailed plan as more information becomes available and estimates can be better forecasted
Project
Beginning and end
Creates a unique outcome
People constrained by resources, planned, executed, monitored, and controlled
Project Life Cycle
Collection of phases; each with deliverable(s). Accomplished through the iterative process of initiating, planning, executing, monitoring and controlling, and closing process groups.
Project management information system
Tools, methodology, techniques, standards, resources used for project management.
Formal and informal
Stakeholders
Individuals or organizations who are involved or may be affected by project activities
Any resolution in favor of Customers
