Sect 4: Terms Flashcards
(25 cards)
Define a Project
A temporary endeavor that produces a unique product, service, or result.
Define Progressive Elaboration / Progressively Elaborated.
continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available
(does not seem to be explicitly defined in PMBOK 6th).
Define Project Management
the application of knowledge, skills, tools, and techniques to satisfy project requirements
Define Portfolio Management
.
Portfolio management is defined as the centralized management of one or more portfolios to achieve strategic objectives.
Define Program Management
Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually
What is a Deliverable
any unique and verifiable product, result, or capability to perform a service that is required to be produced to complete a process, phase, or project. Deliverables may be tangible or intangible.
What is a Project Phase?
A collection of logically related project activities that culminates in the completion of one or more deliverables.
Define Project Lifecycle
s the series of phases that a project passes through from its start to its completion. It provides the basic framework for managing the project.
Common types of Project Lifecycles
Predictive life cycle, the project scope, time, and cost are determined in the early phases of
the life cycle.
Adaptive Types:
Iterative life cycle, the project scope is generally determined early in the project life
cycle, but time and cost estimates are routinely modified as the project team’s understanding of
the product increases
Incremental life cycle, the deliverable is produced through a series of iterations that
successively add functionality within a predetermined time frame.
Define Project Governance
the framework, functions, and processes that guide project management activities (to accomplish the project’s goal).
What is a Stakeholder?
Individuals, group, or organization that may affect, be affected, or perceive to be affected by the project.
Exam uses this term to mean anyone…not just those involved in the Project.
Who are common Stakeholders?
Project Manager
Customer - uses the project deliverable
Project team - the collection of individuals completing the project work
Project Sponsor – Provides resources and support
Functional Managers
3 key questions for stakeholders
What does success look like for this project?
How will success be measured?
What factors may impact success?
What is the role of the Project Management Office (PMO)?
an organizational structure that standardizes the project-related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques.
Types of PMO
Supportive: Supports the project manager, such as providing templates, training, or lessons learned form other projects.
Controlling: Determines the framework or methodology and use of specific
forms
Directive: Controls the project. PM will be assign and report to the PMO.
Organizational Structure Types: Describe a Functional Organization
Structure that groups staff members according to their area of expertise (sales, marketing, construction, etc.). Functional structures require the project team members to report directly to the functional manager
Organizational Structure Types: What’s a Project Oriented Organization (Projectized Organization)
Structure where the PM has the greatest amount of authority. The project team is assigned to the project on a full-time basis. When the project is complete, the project team members moves on to other assignments within the organization.
Organizational Structure Types: Matrix Orgs
There are three matrix structures: weak, balanced, and strong.
The different structures are reflective of the project manager’s authority in relation to the functional manager’s authority.
What are the Process Groups / IPEMC?
Initiating Planning Executing Monitoring & Controlling Closing
What are the knowledge areas?
“I Saw Six Cars Quickly Rip Carol’s Rear Passenger Side”
all have “project” as a prefix and “management” as a suffix to the term.
Integration Scope Schedule Cost Quality Resource Communication Risk Procurement Stakeholder
What’s the “phone number” trick for memorizing the number of processes in each Knowledge Area?
766-436-3734
Integration Management (7) Scope Management (6) Schedule Management (6) Cost Management (4) Project Quality(3) Management Resources Management (6) Communications Management (3) Risk Management (7) Procurement Management (3) Stakeholder Management (4)
What’s the code-number for memorizing how many processes each Process Group has?
2-24-10-12-1
Initiation (2) Planning (24) Execution (10) Monitor & Control (12) Closing (1)
What are the 6 constraints?
Scope Schedule Cost Risk Quality Resources
What’s a Process?
Inputs, Outputs and Tools/Techniques combined to execute a specific purpose on the project
