Project Life Cycle Flashcards
Composite Structure
Org structure that uses blends of functional, matrix and projectiles structures to operate and manage projects.
Cultural Norm
Accepted practices, culture, ideas, vision and nature of organization
Dedicated project team
Full time project team for duration of project
Enterprise Environmental Factors
Create boundaries for project manager. May help or hinder ability to navigate project. Include rules, regulations, industry standards and organizational procedures obliged to follow.
Fast Tracking
Schedule compression technique that allows phases to overlap to finish faster. Increases project risk.
Functional Manager
Managers of permanent staff in each department such as sales, financed and technology.
Functional Organization
Entities that have clear division regarding business United and associated responsibilities. PM’s in functional structure have little power and report to functional manager. Groups by their expertise.
Iterative relationships of phases
Ideal for projects such as research. The next phase not planned until current phase under way. Direction can change based on current work.
Iterative and incremental life cycles
Scope defined early in project, but costs and schedule are iteratively developed. Project moves through iterations of processes to definite product, time and cost.
Kill Point
Opportunities to halt project based on performance in previous phase. Typically Coke at end of project phase and also known as phase gates.
Matrix structure
Org that groups staff by function but openly shares resources in project teams throughout organization. PM’s in matrix structure share power with Functional Manager. Three types-weak, balanced, strong-describe authority of PM.
Operations Management
Deal directly with income-generating products and services company provides. Projects often affect core business, therefore managers are stakeholders in project
Organizational Process Assets
Resources that have been created to help PM manage project better.
EX: historical information, forms, project approaches, defined procedures and templates.
Overlapping relationship of phases
Allows project phases to overlap to compress duration. Also called fast tracking.
Part-Time Project Team
Works in project for a % of scheduled time. Project team may work on core operations or other projects in addition to current project.
Partnership project team
Through teaming agreements or alliances, project team my be formed from many different Otha for duration of project.
Predictive Life Cycles
Project scope, budget, schedule are defined early in project. The predefined phases focus on specific work so team participation may fluctuate from phase to phase. Also known as waterfall or plan-drive project.
Portfolio Management Review Board
Collection of organizational decision makers, usually executives, who will review proposed projects and programs for value and return on investment.
Product life Cycle
Unique life, duration and support of the thing a project creates. Separate from project life cycle.
Program manager
Coordinates the efforts of multiple projects working together in the program. Programs comprise programs, so it makes sense that program manager would be a stakeholder in each of the projects within the program.
Project Customer/End User
Person or group who will use the deliverable. Some projects may have many different customers.
Project Governance
Defined the rules for a project; its up to the Project Manager to enforce the project governance to ensue the project’s ability to reach its objectives. The project management plan defined the project governance and how the project manager, project team, and organization will follow rules and policies within project.
Project life cycle
Unique to each project g and made up of phases of work. Project life cycles create a milestone and allow subsequent phases to begin.
Project Management Office (PMO)
Stakeholder in project, because it supports the project managers and is responsible for stress. PMO’s typically provide administration support, training for PM’s, resource management for project team and project staffing, and centralized communication.
