Week 1 Flashcards

1
Q

What is a project?

A

Temporary and unique endevour with specific result

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2
Q

What is project management?

A

Application of process groups, which are IPEMCC and managing the

  1. REQUIREMENTS, GOALS
  2. Adapt to project concerns and stake-holder expectation
  3. Balance QSTC
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3
Q

IPEMCC?

A

Initiate Plan Execute Monitor and Control and Close

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4
Q

QSTC triangle?

A

Quality and Scope, Time, Cost

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5
Q

WhAT IS portfolio?

A

Projects and programs that are grouped to facilitate effective management

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6
Q

What is program?

A

Projects and minor programs which are better off being managed together

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7
Q

Operations management?

A

Management of permanent and daily activities

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8
Q

Role of Project Manager?

A

TO do IPEMCC

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9
Q

Project management skills? 3

A

PM KNOWLEDGE COMPETENCY
PM PERFORMANCE COMPETENCY
PERSONAL COMPETENCY

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10
Q

EEF?

A

Enterprise environmental factors; org culture, structure, gov or industry standards, infrastructure, human resources, administration, marketplace conditions, stakeholder risk tolerance, systems.

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11
Q

OPA?

A

Organisational process assets; guidelines, templates, etc.

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