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DISEÑO > UNIT 1 > Flashcards

UNIT 1 Flashcards

1
Q

What type of resources are organized in a novel way in an endeavor /project? And within which constraints?

A

1.Human,material and financial resources.
2.Within the constraints of cost and time.

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2
Q

What do we want to achieve with the creation of a project? How is it defined?

A

1.Achieve a beneficial change.
2.Defined by quantitative and qualitative objectives

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3
Q

What 3 features does a project have? And what can it create?

A

1.Features:
-Temporary endeavour.
-To create a unique product, service or result.
-The outcome may be tangible or intangible.
2.It can create:
-A component of another iceman enhancement or an item in itself.
-A service or a capability to perform a service.
-An improvement in the existing product or service lines.
-A result, such as an outcome or document.

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4
Q

There are different types of projects depending on:

A

-Size
-Kind of organization
-Industry
-Purpose and scope
-Different skateholders
-Duration
-Business areas related

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5
Q

Each project has 3 main characteristics in common:

A

-Limited
-Unique
-Risky

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6
Q

In the limited characteristic of a project what 3 aspects do we take into account? What about the unique and risky ones?

A

1.Limited:
-Temporary character
-Beginning and end clearly defined
-The value of the outcome should justify the resources invested
2.Unique:
-Different objectives,context,organizations
-Non-routine endeavors
3.Risky:
-Uncertainty
-Requirement can change quickly
-Risk has to be managed

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7
Q

In project management we use the process by which projects are…

A

Defined,planned,checked,monitored,controlled and delivered such that the agreed benefits are realized.

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8
Q

Project Management is…creates…reduces…ensures…applies…identifies…manages…balances…and involves…?

A

Is an iterative activity
-Creates value
-Reduces complexity
-Ensures efficiency
-Applies knowledge,skills,tools and techniques.
-Identifies requirement
-Manages expectations of the skateholders
-Balances the project constraints
-Involves continuous improvement and progressive elaboration

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9
Q

What are the 5 Process Groups around which project management works?

A

1.Initiating 2.Planning 3.Executing 4.Monitoring&Controlling 5.Closing

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10
Q

Process Groups have dependencies and hardly interact with one another (TRUE/FALSE)

A

False (they highly interact with one another)

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11
Q

Process Groups are dependent of application areas or industry focus (TRUE/FALSE)

A

False(They are independent)

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12
Q

Does the nature of the interactions occurred between project management Process Groups varie?

A

Yes,it varies from project to project

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13
Q

Process Groups are not project life cycle phases (TRUE/FALSE)

A

True

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14
Q

The iterative nature of project management means that processes from any group may be reused throughout the project life cycle (TRUE/FALSE)

A

True

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15
Q

The environment is key to an efficient project management operation in order to be properly executed (TRUE/FALSE)

A

True

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16
Q

What does EFFs stand for? What about OPAs?

A

1.Enterprise Environmental Factors.
2.Organizational Process Assets

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17
Q

OPAs are inputs to most planning processes (TRUE/FALSE)

A

True

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18
Q

An organizational structure is an EFF (TRUE/FLASE)

A

True

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19
Q

In the Functional Organization each department will do its project work independently of other departments
They follow a lineal hierarchy and they’re specialties are grouped into focused functional units

(TRUE/FALSE)

A

True

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20
Q

What are the 5 Organizational Structure types?

A

Functional,Weak Matrix, Balanced Matrix, Strong Matrix and Projectized

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21
Q

What is a project life cycle ?

A

Is the series of phases that a project passes through from its initiation to its closure.

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22
Q

The number of phases in which a project may be divides will depend on…

A

The size, complexity and the degree. of control required in the project.

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23
Q

A phase is a collection of logically related project activities that culminates in the completion of one or more deliverables (TRUE/FALSE)

A

True

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24
Q

What are the 4 categories of life cycles?

A

Predictive,Iterative,Incremental,Agile

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25
Q

What 2 categories of life cycles does the Adaptative life cycle combine?

A

It combines both Iterative and Incremental approaches.

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26
Q

In an adaptative life cycle an incremental deliverable that is functional and provides value is the primary measure of progress (TRUE/FALSE)

A

True

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27
Q

What is a Hybrid method ?

A

A Hybrid life cycle is a combination of a predictive and adaptative life cycle.

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28
Q

A group of related projects, subsidiary programs and programs activities that are managed in a coordinated manner to obtain benefits that are not available when managed individually (PROGRAM OR PORTFOLIO)

A

Program

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29
Q

In a portfolio the collection of projects wants to achieve any objectives and has to necessarily be interdependent or directly related to the projects or programs of the portfolio (TRUE/FALSE)

A

False
Wants to achieve strategic objectives and may not necessarily interdependent or directly relate to the projects or programs of the portfolio

30
Q

What does PMO stand for?

A

Project Management Office

31
Q

The Project Manager(PM) becomes the link strategy and the team, creating Business value.(TRUE/FALSE)

A

True

32
Q

Write at least 6 personality traits of a PM

A

1.Service-oriented
2.Decision maker
3.Leadership
4.Cultural Awareness
5.Creative
6.Social

33
Q

What dow Tailoring mean ?

A

Means that because each project is unique, the PM may need to tailor(ir makes it suitable for a purpose by changing the details of it) the way that Project Integration Management processes are applies

34
Q

Where is the PMBOK based on?

A

The Standard for Project Management,developed by the American Standards Institute (ANSI) and published by the Project Management Institute (PMI)

35
Q

Project Management Institute standard and guide are both based on descriptive practices rather than prescriptive practices (TRUE/FALSE)

A

True

36
Q

The PMBOK Guide provides more detail about key concepts, emerging trends, considerations for tailoring and information on how tools and techniques are applied to projects.(TRUE/FALSE)

A

True

37
Q

Process Groups are not project phases.(TRUE/FALSE)

A

True

38
Q

What is the key purpose of the initiating process group?

A

To align the skateholder’s expectations with the project’s purpose and set the vision of the project and success criteria.

39
Q

What is the key purpose of the planning process group?

A

To delineate the strategy, tactics and course of action to successfully complete the project or phase.

40
Q

Where will a large portion of the project’s budget be expended in?

A

In the executing process group

41
Q

What is a Knowledge Area?

A

Is an identified area of project management defined by its knowledge requirements and described in terms to its component processes, practices,inputs,outputs,tools and techniques.

42
Q

Write at least 5 Project Management knowledge areas.

A

Scope,cost,skateholder,risk,shedule

43
Q

Where is PINCE2 method based on?

A

On experience from contributions of projects sponsors, project managers, project teams, academics,trainers and AXELOS consulting partners.

44
Q

PRINCE2 is designed to be generic and not intended to cover every aspects of project management,(TRUE/FALSE)

A

True

45
Q

What are the 4 integrated elements of the structure of PRINCE2?

A

1.Principles
2.Themes
3.Procesess
4.The project environment

46
Q

Principles are the guiding obligations and good practices which determine whether the project is genuinely being managed using PRINCE2.(TRUE/FALSE)

A

True

47
Q

A project must have at least 4 management stages in PRINCE2 (TRUE/FALSE)

A

False (it mus have at least 3)

48
Q

A Control point is determined at the end of each stage in PRINCE2 (TRUE/FALSE)

A

True

49
Q

The manage by exception in PRINCE2 is used by each level in the project to manage the level below and the layer below should only notify the above management layer if there is a big issue that is outside their tolerance.(TRUE/FALSE)

A

True

50
Q

What is a product in PRINCE2?

A

Is an input or output ,tangible or intangible that can be described in advance, created and tested.

51
Q

Projects that focus on what the project needs to produce are generally more successful than projects whose primary focus in the work activity .(TRUE/FALSE)

A

True

52
Q

PRINCE2 projects proceed on the basis of a series of approved plans.(TRUE/FALSE)

A

True

53
Q

What are the only types of plan in PRINCE2?

A

Project plan,Stage plan,Team plan and Exception plan.

54
Q

How does PRINCE2 show their processes and activities?

A

Through diagrams

55
Q

How can a set of activities be run in PRINCE2?

A

In series or in parallel

56
Q

What are the 6 characteristics of an international Project?

A

1.Uniqueness
2.Diversity
3.Risk
4.Dynamics
5.Complexity
6.Limited Resources

57
Q

What are the key elements in internalization?

A

Politics,Geography,Culture,Legal

58
Q

What is an international Contract?

A

Is an agreement of wills agreed between two or more parties that have their domiciles or residences in different states and affects two or more legal systems.

59
Q

Where are the Incoterms published?

A

In the International Chamber of Commerce (ICC)

60
Q

It is common to sign documents that reflect the initial understanding between parties, how are they called?

A

-Memorandum of understanding (MOU’s)
-Letter of intent (LOI)

61
Q

Arbitration preserve trade secret (TRUE/FALSE)

A

True

62
Q

Product and program management are centralized in global multinational models (TRUE/FALSE)

A

True

63
Q

What is a multinational consortium ?

A

A long term union between companies which acquires the character of a new legal entity that must comply with the existing legal regulations in the country where it is registered.

64
Q

Consortia are created to develop multinational programs ,usually of high technical,complexity,long development time and very high investment costs (Defense and infraestructure mainly) (TRUE/FALSE)

A

True

65
Q

What is a Workshare?

A

Is the percentage of participation in the development of work sharing between companies that are part of a program .
It is applied to both technical capacities and economic participation.

66
Q

What must ensure the PM in the business case?

A

That the project management approach captures the intent of the initial documents that justify the effort and investment of the project.

67
Q

The business case is an economic feasibility study that establishes the relevance of the investment and authorizes the project management activities (TRUE/FALSE)

A

True

68
Q

Who are the main Project skateholders?

A

Sponsor and customers/users

69
Q

In the development of the project management plan it can only be changed through the integrated change control process. (TRUE/FALSE)

A

True

70
Q

Milestones have 0 duration (TRUE/FALSE)

A

True

DISEÑO (5 decks)

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