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
A project can create a product that is what
a component of another item, enhancement of item, or end item in itself.
A project can create a service or a capability
to perform a service
A project can create an improvement in
existing product or service lines
A project can create a result such as an
outcome or document
organizational strategies and priorities are linked and have relationships between
portfolios and programs
programs and projects
The outcome of a project can be what or what
tangible or intangible
What happens when a factor changes
if any one factor changes, at least one other factor is likely to be affected
Progressive elaboration
continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available
What does progressive elaboration allow
allows a project management team to define work and manage it to a greater level of detail as the project evolves.
what are the competing project constraints
Scope Quality Schedule Budget Resources Risks
what is the relationship between project constraints
If one factor changes, at least one other factor will be affected
