PMBOK Chapter 1 - Introduction Flashcards

1
Q

What is a standard?

A

a formal document that describes established norms, methods, processes and practices

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2
Q

What is a standard?

A

a formal document that describes established norms, methods, processes and practices

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3
Q

What is a project?

A

a temporary endeavor undertaken to create a unique product, service or result

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4
Q

What is a portfolio?

A

a collection of projects, programs, subportfolios and operations managed as a group to achieve strategic objectives

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5
Q

What are programs?

A

a group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually

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6
Q

What is project management?

A

the application of knowledge, skills, tools and techniques to project activities to meet the project requirements

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7
Q

What is progressive elaboration?

A

continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available

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8
Q

What is organizational project management (OPM)?

A

a strategy execution framework utilizing project, program and portfolio management

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9
Q

What is program management?

A

the application of knowledge, skills, tools and techniques to a program in order to meet program requirements

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10
Q

What is portfolio management?

A

the centralized management of one or more portfolios to achieve strategic objectives

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11
Q

What is a Project Management Office (PMO)?

A

a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques

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12
Q

Three Types of PMO Structures:

A

1) Supportive – provide a consultative role to projects by supplying templates, best practices, training etc 2) Controlling – provide support and require compliance through various means. the degree of control provided by the PMO is moderate 3) Directive – take control of the projects by directly managing the projects. degree of control provided by the PMO is high

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13
Q

What is the primary function of the PMO?

A

to support project managers in a variety of ways

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14
Q

What is operations management?

A

area of management concerned with ongoing production of goods and/or services.

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15
Q

What are operations?

A

ongoing endeavors that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalized in a product life cycle

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16
Q

What are project-based organizations (PBOs)?

A

refer to various organizational forms that create temporary systems for carrying out their work

17
Q

What is business value?

A

the entire value of the business; the total sum of all tangible and intangible elements

18
Q

What is a project manager?

A

the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives

19
Q

What is a functional manager focused on?

A

providing management oversight for a functional or a business unit, and operations managers are responsible for ensuring that business operations are efficient

20
Q

Effective project management requires that the project manager possess the following competencies:

A

1) Knowledge – refers to what the project manager knows about project management 2) Performance – refers to what the project manager is able to do or accomplish while applying his or her project management knowledge 3) Personal – refers to how the project management behaves when performing the project or related activity

21
Q

a formal document that describes established norms, methods, processes and practices

A

What is a standard?

22
Q

a temporary endeavor undertaken to create a unique product, service or result

A

What is a project?

23
Q

a collection of projects, programs, subportfolios and operations managed as a group to achieve strategic objectives

A

What is a portfolio?

24
Q

a group of related projects, subprograms, and program activities managed in a coordinated way to obtain benefits not available from managing them individually

A

What are programs?

25
the application of knowledge, skills, tools and techniques to project activities to meet the project requirements
What is project management?
26
continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available
What is progressive elaboration?
27
a strategy execution framework utilizing project, program and portfolio management
What is organizational project management (OPM)?
28
the application of knowledge, skills, tools and techniques to a program in order to meet program requirements
What is program management?
29
the centralized management of one or more portfolios to achieve strategic objectives
What is portfolio management?
30
a management structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools and techniques
What is a Project Management Office (PMO)?
31
1) Supportive -- provide a consultative role to projects by supplying templates, best practices, training etc 2) Controlling -- provide support and require compliance through various means. the degree of control provided by the PMO is moderate 3) Directive -- take control of the projects by directly managing the projects. degree of control provided by the PMO is high
Three Types of PMO Structures:
32
to support project managers in a variety of ways
What is the primary function of the PMO?
33
area of management concerned with ongoing production of goods and/or services.
What is operations management?
34
ongoing endeavors that produce repetitive outputs, with resources assigned to do basically the same set of tasks according to the standards institutionalized in a product life cycle
What are operations?
35
refer to various organizational forms that create temporary systems for carrying out their work
What are project-based organizations (PBOs)?
36
the entire value of the business; the total sum of all tangible and intangible elements
What is business value?
37
the person assigned by the performing organization to lead the team that is responsible for achieving the project objectives
What is a project manager?
38
providing management oversight for a functional or a business unit, and operations managers are responsible for ensuring that business operations are efficient
What is a functional manager focused on?
39
1) Knowledge -- refers to what the project manager knows about project management 2) Performance -- refers to what the project manager is able to do or accomplish while applying his or her project management knowledge 3) Personal -- refers to how the project management behaves when performing the project or related activity
Effective project management requires that the project manager possess the following competencies: