PMT Week 1 Flashcards
1.1.
An Introduction to Project Management
1.2.
Exploring Project Management Roles and Transferable Skills
1.3.
Flexible Planning and The Value of a Project Manager
1.4.
Handling Ambiguity
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Both require resources, including human resources (people).
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Both are constrained to limited, as opposed to unlimited, resources.
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Both are managed—that is, planned, executed, and controlled.
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Both have objectives.
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Specific outcomes: Products or results
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Definite start and end dates: Projects don’t go on forever
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Established budgets: Required amounts of people (human resources), funds, equipment,
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A product refers to any service or item that an organisation creates to serve a customer need
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A process is a series of routine steps to perform a particular function
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A program can describe two different situations. First, it’s a set of goals that gives rise to specific
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Input. The input to a process consists of the raw data that is needed to start the process. For
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Tools and techniques. Tools and techniques are the methods used to operate on the input to
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Output. The output is the outcome or the result of a process. Each process contains at least one
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Information: Accurate, timely, and complete data for the planning, performance monitoring, and final
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Communication: Clear, open, and timely sharing of information with appropriate individuals and groups.
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Commitment: Team members’ personal promises to produce the agreed- upon results on time and within
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48 percent of projects missing delivery dates,
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43 percent missing budget targets, and
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31 percent failing to meet an organisation’s goals
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Planning and Organising
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Managing tasks
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Budgeting
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Controlling cost
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Project management
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Program management
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Portfolio management
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Organisational project management
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Project management office
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The art: Relates to the use of skills such as influencing, organising, strategising, and other
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The science: To tailor the efforts of your team in a systematic process of managing project work
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Predictive: A predictive approach /waterfall or traditional approach is a linear plan driven form