Practice Flashcards
What is a Project?
Temporary endeavor with a
beginning and end. It creates
a unique product, service or
result
Reasons for project initiation
Market Demand, Social
Need, Legal Requirement,
Customer Request,
Technological Advance etc
Example of a project
Development a software application that will receive, record and prioritize the incidents received by customers.
Operational Work
Most of the work being done
in organizations which is
ongoing and repetitive.
Example of an operational
work
Handling customer incidents
through a software
application which are
received daily.
What is Project
Management?
Application of knowledge,
skills, tools and techniques to
project activities to meet the
project requirements.
What are the process groups
of project management?
Initiating, Planning,
Executing, Monitoring &
Controlling ,Closing
Program is …
Group of projects which are
related with each other.
Example of a program
Development of the entertainment system of a car with following projects: Connection Manager, Display Screen … etc.
Portfolio is …
Group of programs which
might not be related
however serve for the same
business goal
Example of a portfolio
A car manufacturer aims to produce three new car models in next three years to be the most convenient car manufacturer for women
Project Management Office
PMO
Department centralizes the
management of projects in
an organization
What are the three different
types of PMO structures in
organizations?
Supportive, Controlling and
Directive
Project manager can report
to…
Functional Manager,
Program Manager or
Portfolio Manager
The most important
interpersonal skill for a
project manager is …
Communication
What are the three different
types of PMO structures in
organizations?
Supportive, Controlling and
Directive
Project objectives are …
What needs to be achieved
as a result of project
Who is responsible for
meeting project objectives?
Project Manager
There is a trade-off between
…
Project Requirements and
Project Objectives