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Project Management Professional (PMP) > Project Management Terms - Section 1 > Flashcards

Project Management Terms - Section 1 Flashcards

1
Q

What is a Project?

A

It is temporary and produces a unique product, service or good.

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2
Q

What is Operations Management?

A

Ongoing production of goods and/or services.

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3
Q

What is Program Management?

A

Group of related projects managed in a coordinated way

Program 1 = Project A, Project B, and Project C

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4
Q

What is Portfolio Management?

A

Group of projects, programs, portfolios to achieve strategic objectives

Portfolio 1 = Program 1 & Program 2 = Project 1 (Program 1) and Project 2 (Program 2)

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5
Q

What is a Phase

A

Set of activities that make up a deliverable

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6
Q

What is a Deliverable?

A

Unique and verifiable product

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7
Q

What are the different types of project life cycles?

A

predictive, iterative, incremental, and agile

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8
Q

What is Project Governance?

A

A framework for how project decisions are made

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9
Q

What are the three pillars of project governance?

A

Structure
People
Information

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10
Q

What are the three types of Project Management Offices?

A

Supporting
Controlling
Directive

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11
Q

What is a supportive PMO?

A

Supports the project manager and provides templates, training, or lessons learned from other projects

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12
Q

What is a Directive PMO?

A

Controls the project and the Project Manager is assigned by the PMO

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13
Q

What is a controlling PMO?

A

Determines whether the project will be waterfall, agile or hybrid and will dictate the types of forms to be used throughout the project.

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14
Q

What are the different types of organizational structures?

A

Functional Organizations
Matrix Organizations
Project Oriented Organizations
Hybrid

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15
Q

What is a Functional Organization

A

Groups staff members according to their area of expertise

*Note: Requires the Project team to report to the functional manager

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16
Q

What are the three types of Matrix Organizations?

A

Weak
Balanced
Strong

17
Q

What is a Project Oriented Organization?

A

Structure where the PM has the greatest amount of Authority

18
Q

What are the 6 types of project restraints?

A 
Scope
Schedule
Cost
Risk
Quality
Resources
19
Q

What are the 5 Process Groups?

A 
Initiation
Planning
Execution
Monitoring and Control
Closing

Project Management Professional (PMP) (6 decks)

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