Review: Chapters 1-5 Flashcards
Project
A temporary endeavor undertaken to create a unique product or service.
Sponsor
Person who normally provides direction and funding for a project.
Triple constraint
Scope, time, and cost goals.
Project Management Professional (PMP)
The popular project management certification/designation provided by PMI.
Stakeholders
People involved in or affected by project activities.
Project Management
The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Leader
A person who focuses on long-term goals.
Project Manager
The person responsible for working with the project sponsor, the project team, and the other people involved in a project to meet project goals.
Scope Management
All of the work, and only the work, required to complete the objectives.
Core function knowledge areas
Scope management, Time management, Cost management, and Quality management.
Project management process groups
Initiating, Planning, Executing, Monitoring and Controlling, Closing.
Project execution
The part of the project life cycle that consumes the most time and resources.
PMBOK Guide
A standard that describes best practices for what should be done to manage a project.
PRINCE2
This project methodology published by the British government is an acronym for projects in controlled environments.
Communication
This activity typically occupies 90% of a project manager’s time