PMBOK 5 - Ch1 - Introduction Flashcards
What is a temporary endeavor undertaken to create 3 unique what things?
A Project
Product, Service, Result
The temporary nature of what indicates a what and a what
The temporary nature of projects indicates a definite beginning and end
What is a project?
A temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of projects indicates a definite beginning and end.
what type of beginning and end does a project indicate?
a definite one
what is project management
the application of knowledge, skills, tools and techniques to project activities to meet the project requirements
what is used to meet the project requirements
project activities
the application of knowledge, skills, tools and techniques to project activities
project activities do what in project management
meet the project requirements
What are the 5 project management process groups?
initiating planning executing monitoring and controlling closing
what do these 5 groups make up - initiating, planning, executing, monitor and control, closing
project management process groups
what is a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to facilitate strategic business objectives?
portfolio
what is a portfolio
projects, programs, sub portfolios, and operations managed as a group to achieve strategic objectives
what are projects, programs, sub portfolios, and operations managed as a group to achieve strategic objectives?
portfolio
what 4 things are managed as a group within a portfolio
projects, programs, sub portfolios, and operations
what 4 things are managed as a group to achieve what
projects, programs, sub portfolios, operations
achieve strategic objectives
(portfolio)
portfolio management is what?
the central management of one or more portfolios