Ch. 1: Preparing For Exam Flashcards Preview

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Flashcards in Ch. 1: Preparing For Exam Deck (20)
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PMBOK

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

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Application areas

The areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, health care, or manufacturing.

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Certified associate in project management (CAPM)

A person who has slightly less project management experience than a PMP but has qualified for and then passed the CAPM exam.

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Cultural and social environment

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

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Deliverable

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

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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.

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International and political environment

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

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Interpersonal skills

The ability to interact, lead, motivate, and manage people.

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Iron Triangle of Project Management

A triangle with the characteristics of time, cost, and scope. Time, cost, and scope each comprise one angle of the triangle; if any side of the Iron Triangle is not in balance with other sides, the project will suffer.

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Physical environment

The physical structure and surrounding that affects a project's work.

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Program

A collection of related projects working in unison towards a common deliverable.

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Progressive elaboration

Describes the process of gathering project details in steady uniform steps. This process uses deductive reasoning, logic, and a series of information gathering techniques to identify details about a project, product, or solution.

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Project

A short-term endeavor to create a unique product, service or result. The end result of a project is also called a deliverable.

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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.

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Project Management Institute (PMI)

An organization of project management professionals from around the world supporting and promoting the careers, values, and concerns of project managers.

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Project management office (PMO)

A central office that overseas 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.

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Project management professional (PMP)

A person who has proven project management experience and has qualified for and then passed the PMP examination.

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Project management portfolio

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

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Subprojects

A smaller project managed within a larger, parent project. Subprojects are often contracted work whose deliverable allows the larger project to progress. Consider the electrical wiring of a new building to be a subproject of the parent project, which is the actual construction of the new building.

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Triple Constraints if Project Management

Also known as the Iron Triangle. This theory posits that time, cost, and scope are three constraints that every project has.