Project Life Cycle Flashcards
Pass Project Life Cycle
What is a Product Life Cycle?
The series of phases that represent the evolution of a product , from concept through delivery, growth, maturity. and to retirement.
What is a Project Life Cycle?
The series of phases that a project passes through from its start to its completion.
How do projects differ from operations?
Projects are temporary initiatives creating a unique output, whereas operations are ongoing. Changes in operations may be the focus of a project . Ongoing operations are outside of the scope of the project.
What is a stakeholder?
An individual, group or organization that may affect, be affected by a decision , activity, or outcome of a project, program or portfolio.
Who is the project sponsor?
A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success.
Describe a functional organizational structure ?
An organizational structure in which staff is grouped by areas of specialization and the project manger has limited authority to assign work and apply resources.
Describe an organic or simple organizational structure?
An organic or simple organizational structure is people working side-by-side. There is little to no project manager authority.
Describe a matrix organizational structure?
Any organizational structure in which the project
manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project.
Describe a project-oriented ( composite-hybrid) organizational structure?
An organizational structure that arrange work groups by network structure with nodes at points of contact with other people. The organization may have full -time staff from different functional departments hat could work on projects and in operations. The organization may also have dedicated project managers , project staff and a PMO.
