Section 1: Project Management Concepts Flashcards
Project Managers Skills
Includes processes and activities needed to identify, define, and coordinate various processes and project management activities.
Integration Management
Project Manager Skills
Includes the processes that ensure that all the work required is identified to complete the project successfully
Scope Management
Project Managers Skills
Includes the processes required to manage the timely completion of the project
Time Management
Project Management Skills
Includes the processes involved in planning, estimating, budgeting, managing, and controlling costs so that the project can be completed within the approved budget
Cost Management
Project Manager Skills
Includes processes and activities that determine quality policies, objectives, and responsibilities
Quality Management
Includes the processes that organize, manage, and lead the project team
Human Resource Management
Project Manager Skills
Includes processes to ensure timely and appropriate planning, creation, distribution, management, control, and monitoring of project information
Communication Management
Includes the processes of conducting risk management planning, identification, analysis, response planning, and controlling risk on a project
Risk Management
Project Manager Skills
Includes the processes necessary to acquire products, services, or results needed from outside the project team
Procurement Management
Project Manager Skills
Includes the processes required to identify all people or organizations impacted by the project, analyze stakeholder expectations, and develop appropriate strategies for effectively engaging stakeholders in project decisions and execution
Stakeholder Management
A {blank} is a group of related programs that support a long-term company goal or objective. The projects in a portfolio may individually address separate initiatives within the organization but collectively move the organization toward meeting a long-term goal or objective.
portfolio
A {blank} is a group of related projects.
program
A {blank} is an activity or group of activities that generate a new, unique product, service, or result to support a program.
project
However, it is possible that not all projects will be part of a larger program. There could, for example, be a project to develop a new battery that is more adaptable to more extreme temperature conditions. The product of this project could be applicable to all existing automobiles and not strictly a single program.
What are the phases of the Project Life Cycle?
- Defining
- Planning
- Executing
- Closing
Once senior management approves a project, it enters the initiation or {blank} phase. Immediate activities that take place in this phase are the following:
- Determining the project’s sponsor and the project’s manager
Creating a project charter.
defining
The {blank} is a document that, like a contract, is agreed upon by the sponsor and key stakeholders. It defines the project and authorizes the resources, roles, responsibilities, authorities, and scope for the project.
charter
Project Life Cycle
What is this phase?
Project teams that do not comprehensively plan their project significantly lower their probability of achieving success. There are many parts of a plan that need to be considered during this phase, among them:
- Technology
- Business process
- Staffing
- Training
- Testing
- Communications
- Budget constraints
- Integration of the project with operations and other projects
Planning
{Blank} involves overseeing and managing all necessary work and assignments by members of the project team that are required over the life of the project. This includes overseeing the successful completion of the project deliverables in accordance with the approved implementation schedule. This can be a challenging and volatile phase, due to:
- Unexpected changes that may present themselves in the competitive environment
- New organizational priorities
- Loss of key project resources
- Previously unidentified risks occurring that puts the project plans in jeopardy
Executing
The {blank} phase of the project occurs when the project is completed to the customers’ satisfaction.
closing
