PRELIM - PROMA Flashcards
a temporary endeavor undertaken to create a unique product, service, or result.
Project
The end is reached when the project’s objectives ___________________
have been achieved or when the project is terminated because its objectives will not or cannot be met, or when the need for the project no longer exists.
Characteristics of Projects
- unique
- temporary in nature; have DEFINITE beginning and ending date
- completed if goals are achieved or project no longer viable
When is a project successful?
it meets or exceeds the expectations of the stakeholders.
the application of knowledge, skills, tools, and techniques applied to project activities in order to meet the project requirements.
Project Management
a process that includes planning, putting the project plan into action, and measuring progress and performance.
Project Management
The six project constraints (CSQRRT)
cost, scope, quality, risk, resources, and time.
the budget approved for the project including all necessary expenses needed to deliver the project.
Cost
is what the project is trying to achieve. It entails all the work involved in delivering the project outcomes and the processes used to produce them.
Scope
It is the reason and the purpose of the project.
Scope
is a combination of the standards and criteria to which the project’s products must be delivered for them to perform effectively.
Quality
the process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards.
Quality Assurance (QA)
refers to the combination of the probability the event will occur and the impact on the project if the event occurs.
Risk
is defined by potential external events that will have a negative impact on your project if they occur.
Risk
are required to carry out the project tasks. They can be people, equipment, facilities, funding, or anything else capable of definition (usually other than labour) required for the completion of a project activity.
Resources
is defined as the time to complete the project.
Time
often the most frequent project oversight in developing projects. This is reflected in missed deadlines and incomplete deliverables.
Time
“Triple Constraint” refers to
Time, cost, and scope
Why is maintaining a balance in the triple constraints (time, cost, and scope) difficult?
because projects are prone to change
Areas of expertise that a project manager should bring to the project team. (AUMI)
Application knowledge, standards, and regulations
Understanding the project environment
Management knowledge and skills
Interpersonal Skills
The important factors to consider within the project environment. (CSIPP)
Cultural, Social, International, Political, Physical
The project environment factors that are often misunderstood or ignored
Cultural and International
The project environment factor that is the easiest to be understoond
Physical
ability to plan the project, execute it properly, and of course control it and bring it to a successful conclusion, along with your ability to guide the project team to achieve project objectives and balance project constraints.
this refers to what area of expertise?
Management Knowledge and Skills