All-In-One Chapter 1 - Preparing for the Exam Flashcards Preview

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Flashcards in All-In-One Chapter 1 - Preparing for the Exam Deck (17):
1

A Guide to the Project Management Body of Knowledge (PMBOK)

the PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book

2

Application areas

the areas of expertise, industry, or function where a project is centered

3

Cultural and social environment

defines how a project affects people and how those people may affect the project. Cultural and social environments include the economic, educational, ethical, religious, demographic, and ethnic composition of the people affected by the project

4

Deliverable

a product, service, or result created by a project. Projects can have multiple deliverables

5

General management skills

these include the application of accounting, procurement, sales, and marketing, contracting, manufacturing, logistics, strategic planning, human resource management, standards and regulations, and information technology

6

International and political environment

the consideration of the local and international laws, languages, communication challenges, time zone differences, and other non-colocated issues that affect a project's ability to progress

7

Iron triangle of project management

a triangle with the characteristics of time, cost and scope. Time, cost and scope each constitute one side of the triangle; if any side of the Iron Triangle is not in balance with the other sides, the project will suffer. The Iron Triangle of project management is also known as the Triple constraints of project management, as all projects are constrained by time, cost and scope

8

Interpersonal skills

the ability to interact, lead, motivate and manage people

9

Physical environment

the physical structure and surroundings that affect a project's work

10

Program

a collection of related projects working in unison toward a common deliverable

11

Progressive elaboration

the process of gathering project details. this process uses deductive reasoning, logic, and a series of information-gathering techniques to identify details about a project, product or solution

12

Project

a temporary endeavor to create a unique product, service or result. The end result of a project is also called a deliverable

13

Project environment

the location and culture of the environment where the project work will reside. The project environment includes the social, economic and environmental variables the project must work with or around

14

Project Management Office (PMO)

a central office that oversees all projects within an organization or within a functional department. A PMO supports the project manager through software, training, templates, policies, communication, dispute resolution, and other services

15

Project portfolio management

the management and selection of projects that support an organization's vision and mission. It is a balance of project priority, risk, reward and return on investment. This is a senior management process

16

Subprojects

a smaller project managed within a larger, parent project. Subprojects are often contracted work whose deliverable allows the larger project to progress

17

Triple Constraints of Project Management

also known as the Iron Triangle of Project Management. this theory posits that time, cost and scope are three constraints every project has