Project Management Basics Flashcards
What is a project?
- Temporary effort
- Goal and deliverables
- Start and end date
- Clear scope and objectives
- Specific resources and budgets
Why do we initiate Projects?
Market demand
Request of a customer
Business need
Environmental considerations
Legal requirement
Social need
Technological advance
To provide Business value
What is a program?
Grouping related projects
What is a portfolio?
Programs
Operations
Project
Same Strategic Objective
What is project Management?
Projects have requirements to meet
Scope
Budget
Time
Quality
What is program Management?
Try to prevent to conflicts between projects in a program
Resources
Stakeholders
Not neccesary
What is portfolio Management?
Try to prevent to conflicts between assets in a portfolio
Resources
Stakeholders
Not neccesary
What is a Operation?
Operation is ongoing work
What is the Project Management Office? PMO
A department or group of people that share provide and maintain Project management procedures and standards. Provide support and guidance for managing projects. To ensure that project are wel planned and succesfully excuted.
What are the classification of PMO?
Supportive
Controlling
Directive
What is the supportive PMO?
Creates the standards procedures and other project documents
Low authority
What is the Controlling PMO?
Supports but also have some control over the projects
Medium authority
What is the Directive PMO?
Not only coördinates but also manage the projects
Low authority
What is Organizational Project Management? OPM
This directs to the framework a business is using to manage projects programs and portfolios effectively. A set of rules that that steer project relates activies in the direction of the strategic goals. Staff should use this framework to achieve their project mangement goals.
What is Organizational Governance?
The overall structure of a organization the provides policies procedures and rules to achieve organizational strategic goals. It ensures that all the work is conducted to the organizations policies procedures and rules.
What is Project Governance?
Provides project-level policies processes decision-making models and tools to administer the project. Make sures the project are carried out according to the procesdures and organizations goals. PMO may provide and execute Project governance.
