Project Management Fundamentals Flashcards
Project
Providing a solution to a problem with careful planning
Project Management
Making decisions and applying planning, organizing, scheduling, leading, and controlling that meet unique customer and organizational expectations given performance, time, and cost objectives
Project Management Principles
- Universal Application
- Situational Approach
- Change and General Management Basics
PMI
Project Management Institute
PMP
Project Management Professional
task
a unit of work within a project
CAPM
Certified Associate in Project Management
PMBOK
Project Management Body of Knowledge
AAA Method
Analysis, Advice, Actions
Planning
Using past information to make present decisions to achieve future objectives
Organizing
arranging human resources to accomplish objectives
Leading
providing direction and communication with others that lead to accomplishing objectives
Controlling
setting objectives, reviewing results, and taking action to minimize the difference between objectives and results
Scheduling
arranging tasks in a time-ordered series
Decision-making
choosing between alternatives to achieve objectives
What is a part of general management that is specific to project management?
Scheduling
outcomes
the results of planning
strategy
preferred means to reach an outcome
SCRUM
the framework used for agile
PDCA
Plan, Do, Check, Act (involves trying things out on a limited basis)
Resources
determine the resource requirements to implement the strategy
Tactics
actions that support the strategy and stay within the boundaries of your resources
Planning Premises
documents your assumptions, company policies, and existing company plans
Agile
adaptive change that occurs continuously over the course of a project
effectiveness
doing the right things
efficiency
doing things right
triple constraint
Time, Cost, Scope (aka the Iron Triangle)
limiting factor
the greatest constraint a project faces
contingency plan
provides advanced plan decisions and responses for alternative future outcomes
estimating
predicting outcomes
Control
Getting the results you expect
Benefits of Control
assess productivity, detect early warning signals, assess risks, enact reality checks, determine ownership and teamwork, facilitate learning
Situational Leadership
flexible way of working with people and enabling control
Effective Control Systems
Reliable, Prompt, Legitimate, Focused, Cost-effective, Compatible, Adaptive
Mechanics of a Control System
Measurement methods, measurement frequency and magnitude, authority, feedback
Prerequisites for Control
develop a plan, specify organizational responsibility, be objective, be flexible
Control Process Steps
- Identify Characteristics
- Set a Standard
- Collect Information
- Measure Performance
- Compare Results
- Take Corrective Action
- Review Actions Taken
Problems with Control Process
difficult standards, wrong standards, biased reporting
Types of Control
Feedback, Screening, Feedforward
Control Techniques
Budgets, Audits, Charts
Project Manager Roles and Responsibilities
- Define the project mission
- Prepare the project mission
- Obtain resources
- Set standards for performance
- Delegate duties to team members
Project Manager Skills and Competencies
- Leadership Skills
- Team Building Skills
- Stress Management Skills
- Interpersonal Skills
- Administrative Skills
- Business Skills
Project Manager Challenges
- Lack of Authority
- Poor fit for the job
- Inadequate Resources
- Lack of clear goals
- Interdepartmental Conflicts
- Unrealistic Schedules
Elements of the Project Team
- Mutual support and assistance
- Role definition
- Common Goals
- Identification with each other
- Stability
- Rewards and recognition
Responsibility Assignment Matrix (RAM)
A table that lists the various tasks and who they are assigned to
Responsible, accountable, consulted, informed model (RACI)
Improves on the RAM model because it adds responsibility