Foundation Flashcards
(26 cards)
What is a project?
A temporary endeavor with defined start and end dates to create a product or service.
Clear beginning and end dates
Characteristics of a Project
Constrained by limited resources
Characteristics of a project
Produces a defined set of outcomes
Characteristics of a Project
Goes through phases
Characteristics of a Project
Is developed in steps and continued by increments.
Characteristics of a project
Process of managing a project is iterative.
Characteristics of a Project
Management and Leadership Skills
Project manager knowledge
Technical knowledge skills
Characteristics of a Project Manager
Project Management knowledge and skills
Characteristics of a Project Manager
What is Project Management?
The application of knowledge, skills, tools, and techniques to propose activities to meet the project requirements.
Triple Constraints of Project Management
Cost, Time, Scope
Who are the Stakeholders?
Project Customer>Project Sponsor>Project Manager>Project Team Suppliers/Partners
The amount of money budgeted & available for the project
Cost
The amount of time available to complete a project
Time
The defined features and functions that must be accomplished to produce the end result
Scope
The process of evaluating performance to a set agreed upon measurable standards.
Quality
Quality is a balancing act within
The triple constraints of project management
Phases of a project life cycle
Initiation>Planning>Execution>Monitor & Control>Closure
What is Project Management Life Cycle?
Refers to the distinct phases a project goes through from its initiation to completion.
Project Management Development Approach
The specific method used to create the project deliverables within the lifecycle, such as waterfall, agile, lean methodologies.
Initiation
Define project goals, scope, stakeholders, and creating a project charter.
Planning
Breaking down the project into tasks, estimating timelines, assigning resources, and developing a project plan.
Execution
Carrying out the planned activities, managing tasks, and monitoring progress against the plan.
