Chapter 1 Introducing Project Management Flashcards Preview

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Flashcards in Chapter 1 Introducing Project Management Deck (24):
1

Applications areas

The areas of discipline that a project may centre upon. Consider technology, law, sales, marketing, and construction, among many others.

2

Deliverable

A thing that a project creates; projects generally create many deliverables as part of the project work.

3

Iron triangle

A term used to describe the three constrains of every project: time, cost, and scope. The sides of the Iron Triangle must be kept in balance or the quality of the project will suffer.

4

Management by projects

An organization that uses projects to move the company forward is using the Management by Projects approach. These project-centric entities could manage any level of their work as a project.

5

Operations

The ongoing work of the business. Operations are a generic way to describe the activities that support the core functions of a business entity.

6

Programs

A collection of projects working in unison to realize benefits that could not be achieved by managing each project independently of one another.

7

Progressive elaboration

The process of starting with a large idea and, through incremental analysis, actions, and planning, making the idea more and more specific. Progressive elaboration is the generally accepted planning process for project management, wherein the project management team starts with a broad scope and works towards a specific, detailed plan.

8

Project

An undertaking outside of normal operations to create a unique product, service, condition, or result. Projects are temporary, while operations are ongoing.

9

Project communications management

One of the nine project management knowledge areas; it is the planning and management of communication among project stakeholders. See chapter 10.

10

Project cost management

One of the nine project management knowledge areas; it is the estimating, budgeting, and controlling of the project expenses. See chapter 7.

11

Project human resource management

One of the nine pm knowledge areas; projects are completed by people, and the pm generally oversees the management of human resources on the project team.

12

Project integration management

One of the 9 pm knowledge areas; this knowledge area coordinates the activities and completeness of the other 8 knowledge areas. See chapter 4.

13

Project management

The management of projects within an organization. It is the initiation, planning, executing, monitoring and controlling, and closing of the temporary endeavour of the project.

14

Project management office (PMO)

Organizes and manages control over all projects within an organization. A PMO also may be known as a program management office, project office, or simply the program office. Coordinates all aspects, methodology, and nomenclature for project processes, templates, software, and resource assignment.

15

Project manager

The individual who manages the project's activities for an organization.

16

Project portfolio management

A management process to select the projects that should be invested in. Specially, it is the selection process based on the need, profitability, and affordability of the proposed projects.

17

Project procurement management

One of the 9 pm knowledge areas; this knowledge area oversees the purchasing and contract administration for a project. See chapter 12.

18

Project quality management

One of the 9 pm knowledge areas; this knowledge area defines quality assurance, quality control, and the quality policy for the project.

19

Project risk management

One of the 9 pm knowledge areas; defines the risk identification, analysis, responses, and control of risk events. See chapter 11.

20

Project scope management

One of the 9 pm knowledge areas; defines the project requirements, scope creation, and control.

21

Project time management

One of the 9 pm knowledge areas; defines the approach to time estimating, scheduling and control of the project activities. See chapter 6.

22

Subprojects

A sub project exists under a parent project, but follows its own schedule to completion. Sub projects may be outsourced, assigned to other project managers, or managed by the parent project manager but with a different project team.

23

Triple constraints of project management

Describes the required balance of time, cost and scope for a project. The triple constrains of pm is also defined by the iron triangle of pm.

24

Work breakdown structure

The visual decomposition of the project scope. It represents all of the deliverables the project promises to create.