S3: Project Management Flashcards
Project Management
Is the activity of defining, planning and executing a project by achieving goals and meeting success criteria
at a specified time
Project Management steps
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing Process
Project Management steps: Initiating
- Defining the project
- Assess scope
- Determine resources
needed - Identify stakeholders
- Approval to proceed
Project Management steps: Planning
- What are we going to do?
- How are we going to do it?
- How will we know when it is done?
Project Management steps: Executing
- Launching
- Action
Project Management steps: Monitoring & Controlling
- Check progress of project
- Compare to what was planned
Project Management steps: Closing
- Get your manager to accept
that the project is finished - Document project
performance, if needed - Help resources move to the
next assignment.
Iron Triangle
Is a model of the constraints of project
management. (Quality, Time, and Cost)
The quality of work is constrained by the project’s budget, deadlines and scope.
Historical Stages of Modern Project Management: When was the term ‘project manager’ first used?
In 1958
Stage 1: Key Project Management Advancements (Prior to 1958)
- Gantt chart
- Critical Path Method (CPM)
- Precedence Diagramming Method
- Project Evaluation Review Technique (PERT)
Stage 2: Key Project Management Advancements (1958 to 1979)
- Work Breakdown Structure (WBS)
- Conflict Management
- Iterative Project Planning
Stage 3: Key Project Management Advancements (1980 to 1994)
- First ‘Lightweight’ Methodologies
- Risk Management
- Widespread Use of PM Software
- Certification Programs for PM
Stage 4: Key Project Management Advancements (1994-Now)
- Agile Methodologies
- Remote Work
- Project Management Degrees
- Critical Chain Project Management (CCPM)
