Chapter 1 - Introduction (1.3) Flashcards
Name three key areas regarding project data and information?
- Work performance data
- Work performance information
- Work performance reports
The raw observations and measurements identified during activities performed to carry out the project work is called what?
Work performance data
Examples: work completed, quality measures, finish dates, number of change requests, actual costs.
Executing —> Controling processes
Where is project data recorded?
In a project management information system
(PMIS) and in project documents
What does the performance data collected from various controlling processes, analyzed in context and integrated based on relationships across areas describe?
Work performance information
Examples: status of deliverables, implementation status for change requests, forecast estimates to complete.
Controlling processes —> Overall Project Control
What does the physical or electronic representation of work performance information compiled in project documents, which is intended to generate decisions or raise issues, actions, or awareness describe?
Work performance reports
Examples: status reports, memos, justifications,
information notes, electronic dashboards, recommendations, and updates.
Overall Project Control —> Project Change Control, Various Project Processes, Project Communications
A system of practices, techniques, procedures, and rules
used by those who work in a discipline is called?
Methodology
What is the deliberate adaptation of approach,
governance, and processes to make them more suitable for the
given environment and the task(s) at hand called?
Tailoring
Who does the project manager collaborate with when tailoring?
project team,
sponsor, organizational management, or combination thereof
What are 4 steps to tailoring?
- Select Initial Development Approach
- Tailor for the Organization
- Tailor for the Project
- Implement Ongoing Improvement
What is a documented economic 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 project management activities.
Business case
Prior to initiating a project, what is often developed to outline the project objectives, required investment and financial and qulitative criteria for project success?
Business Case
What does the Business Case provide?
The basis to measure success and progress throughout the project life cycle by comparing the results with the objectives and the identified success criteria.
What involves understanding business goals and objectives, issues, and opportunities and recommending proposals
to address them?
Needs Assessment
Where are the results of the Needs Assessment summarized?
Business Case
Name 8 common reasons why projects are inititated?
(MD, BN, S, E, CR, T, LR, P)
- Market demand
- Business need / Strategic opportunity
- Social need
- Environmental consideration
- Custom request
- Technological advancement
- Legal or regulatory requirement
- Existing or forecasted problem
