Chapter 1/2/3/4 Flashcards
Project Management Professional
Certification provided by PMI that requires documenting project experience and education, agreeing to follow the PMI code of ethics and passing a comprehensive exam.
Program
A group of projects managed in a coordinated way to obtain benefits and control that are not available from managing projects individually.
Project management
The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Project
A temporary endeavor undertaken to create a unique product, service, or result.
SWOT analysis
Analyzing Strengths, Weaknesses, Opportunities, and Threats.
Three-Sphere model for systems management
3 spheres: Business, organization, and technology
Splitting the concerns 3 ways keeps it organized.
Organization structures
Functional: functional managers report to CEO, while each manager of their department has authority over their staff.
Project: similar to functional, except program managers report to CEO rather than department managers. The staff in this case is project managers and other employees. Obviously organized to focus on getting projects done.
Matrix: represents the middle ground between functional and project structures. Personnel often report to a functional manager and one or more project managers
Triple Constraints
Scope, Time, and Cost. balancing each constraint is key to completing a project. (Quality is sometimes also included as a constraint)
Net present value (NPV)
Method of calculating the expected net monetary gain or loss from a project.
Return on investment (ROI)
Calculated by subtracting the project costs from the benefits and then dividing by the costs.
Payback period (payback analysis):
Amount of time it will take to recoup the total dollars invested into finishing a project.
Work breakdown structure
Outlines project work by decomposing the work activities into different levels of tasks. It’s a deliverable-oriented document that defines the total scope of the project
Systems development life cycle (SDLC)
Framework for describing the phases of developing information systems. Models include, the Waterfall model, spiral model, etc.
(Waterfall: Analysis, Design, Construction, Testing, Support
RADDI:
Adaptive software development life cycle
Assumes that software development follows an adaptive approach because the requirements cannot be clearly expressed early in the life cycle. (Agile model approach)
