Reading One, introduction to project management. Flashcards
what is a project
a temporary endeavor undertaken to create a unique product or service.-has an end-unique-different from other products
features of a project
start and finish life cycle budget non repetitive activities use of resources from different departments single point of responsibility, (PM) fast tracking Team roles
9 knowledge areas of project manamgement
1 scope 2 time 3 cost 4 quality 5 HRM 6 communication 7 Risk 8 Procurement 9 Integration
what does the management by projects encourage
-organistion flexibility
decentralized management responsibility
holistic view of problems (all connected)
goal orientated problem solution processes
what is scope management
project includes all the work required and only the work required,
what is time managment
ensure timely performance of the project, consists of activity definition activity sequencing , duration estimation, etc
cost managment
-completed within budget, consists of resource planing, cost estimation, cost budgeting, cashflow etc
quality management
-determining required condition, quality planing, control etc
Human resource management
make the most efficient use of the people einvolved
risk management
identifying, quantifying, and responding to project risk
procurement management
acquire goods and services from outside the company.
integration management
integrates three main project management processes of planning execution and control.
CPM
critical path method
