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PMP > Week 1 Definitions > Flashcards

Week 1 Definitions Flashcards

1
Q

Standard

A

Document established by an authority, custom, or general consent as a model or example

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2
Q

Generally Recognized

A

Knowledge & practices described are applicable to most projects most of the time and there is a general consensus about their value/usefulness

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3
Q

Good Practice

A

General agreement that the application of the knowledge, skills, tools & techniques to PM processes can enhance the chance of success over many projects in delivering expected business values & results

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4
Q

Methodology

A

System of practices, techniques, procedures, and rules used by those who work in the discipline

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5
Q

Project

A

Temporary endeavor undertaken to create a unique product, service, or result

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6
Q

Objective

A

Outcome toward which work is to be directed, a strategic position to be attained, a purpose to be achieved, a result to be obtained, a product to be produced or a service to be performed

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7
Q

Deliverable

A

Any unique & verifiable product, result, or capacity to perform a service that is required to be produced to complete a process, phase, or project. May be tangible or intangible.

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8
Q

Business Value

A

Net quantifiable benefit derived from a business endeavor

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9
Q

Program

A

Group of related projects managed in a coordinated manner to obtain benefits not available from managing individually

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10
Q

Mega Project

A

Costs >1B, affects >1M people and runs for years

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11
Q

Portfolio

A

Project, programs, subsidiary portfolios and operations managed as a group to achieve strategic objectives

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12
Q

Program management

A

Application of knowledge, skills, and principles to a program to achieve program objectives and to obtain benefits & control not available by managing program components individually

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13
Q

Program Components

A

Projects and other programs within a program

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14
Q

Portfolio Management

A

centralized management of one or more portfolios to achieve strategic objectives (do not need to be interdependent)

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15
Q

Operational Project Management

A

Framework in which portfolio, program, & project management are integrated with organizational enablers in order to achieve strategic objectives

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16
Q

Project life cycle

A

Series of phases that a project passes through from its start to completion

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17
Q

Project Phase

A

A collection of logically related project activities that culminates in the completion of 1 or more deliverables

18
Q

Phase Gate

A

A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification or to end the program/project

19
Q

Project Management Processes (General Definition)

A

A systematic series of activities directed toward causing an end result were ≥1 inputs will be acted upon to create ≥1 outputs

20
Q

Project Management Process Group

A

A logical grouping of project management inputs, tools & techniques & outputs. Process groups do not equal project phases

21
Q

Project management knowledge area

A

An identified area of PM defined by its knowledge requirements & described in terms of its components processes, practices, inputs, outputs, tools & techniques

22
Q

Development life cycle

A

One or more phases within a project life cycle that are associated with the development of the product, service, or result

23
Q

Product Life Cycle

A

Series of phases that represent the evolution of a product from concept through delivery, growth, maturity & retirement

24
Q

Knowledge Area

A

Identified area of PM defined by its knowledge requirements & described in terms of its component processes, practices, inputs/outputs, T&T

25
Q

Work Performance Data

A

The raw observations & measurements identified during activities performed to carry out project work

26
Q

Work Performance Information

A

The performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas

27
Q

Work Performance Reports

A

Physical/electronic representation of work performance info compiled in project documents which is intended to generate decisions or raise issues/ actions/ awareness

28
Q

Project Business Case

A

A documented feasibility study used to establish the validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further PM activities

29
Q

Project Benefits Management Plan

A

Documented explanation defining the process for creating, maximizing, and sustaining the benefits provided by a project

30
Q

Project Charter

A

Document issued by project sponsor that formally authorizes the existence of a project and provides the PM with the authority to apply organizational resources to project activities

31
Q

Project Management Plan

A

Document that describes how the project will be executed, monitored, and controlled

32
Q

Brainstorming

A

A general data-gathering and creativity technique that elicits input from team members and/or SME’s

33
Q

Brain Writing

A

A refinement of brainstorming that allows individuals time to consider the questions individually before the group creativity session is held

34
Q

Stakeholder mapping & representation

A

Method of categorizing stakeholders using various methods

35
Q

Plan Stakeholder Engagement

A

Process of developing approaches to involve project stakeholders based on needs, expectations, interests, and potential impact on project

36
Q

Risk Register

A

Contains identified risks of the project and usually links to specific stakeholders as risk owners or as subject to risk impact

37
Q

Stakeholder Register

A

Provides the list of project stakeholders including additional classification data and other info

38
Q

Monitor stakeholder engagement

A

Process of monitoring project stakeholder relationships and tailoring strategies for engaging stakeholders through modification of strategies/plans

39
Q

Project Management

A

Applying tools, techniques, skills, and knowledge to project activities to bring about successful results and meet project requirements

40
Q

Project Management Office

A

Usually a centralized organizational unit that oversees the management of projects and programs throughout the organization

41
Q

Agile Project Management

A

Method of managing projects in small, incremental portions of work that can be easily assigned, easily managed, and completed within an iteration or a sprint

PMP (4 decks)

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