Module 1: Introduction to PM (ch1) Flashcards
study cards - mid term (73 cards)
What is a project?
A project is a unique, time-bound effort aimed at creating, changing, or providing something.
What are the four characteristics of a project?
- Uniqueness
- Time-bound
- Objective-oriented
- Time Constraint
What are the key factors for project success?
- Completed on time
- Within budget
- Meets its intended objectives
What is the importance of stakeholder expectations in project success?
Meeting stakeholders’ expectations is crucial to defining project success.
What is the definition of project management according to PMI?
Application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
What are the five process groups in project management?
- Initiating
- Planning
- Executing
- Monitoring and Controlling
- Closing
What are the ten knowledge areas in PMBOK?
- Integration
- Scope
- Time
- Cost
- Quality
- Human Resources
- Communications
- Risk
- Procurement
- Stakeholder Management
What is the role of a project manager?
Responsible for ensuring the project meets all success criteria.
What are the four types of project constraints?
- Budget
- Quality
- Time
- Scope
What is the importance of clearly defining project scope?
Critical to avoid misunderstandings and ensure project success.
What is the focus of PMBOK V7.0?
A principle-centered approach focusing on guiding principles, domains, tailoring, models, methods, and artifacts.
What is the purpose of project management models?
Guide thinking and decision-making in projects.
What are the six categories of project management models?
- Situational Leadership
- Communication
- Motivation
- Change
- Complexity
- Team Development
What defines Agile project management?
An iterative, flexible approach that focuses on delivering small, incremental parts of a project.
What are the key characteristics of Agile project management?
- Flexibility
- Collaboration
- Customer Feedback
- Frequent Deliverables
What is the primary focus of predictive project management?
A traditional, linear approach with a clear, fixed scope, timeline, and deliverables defined upfront.
What is hybrid project management?
Combines elements of both Agile and Predictive approaches, tailoring the methodology to fit the project’s needs.
What are the benefits of using a formal project management methodology?
- Risk Reduction
- Control
- Higher quality deliverables
- Shorter development times
- Improved productivity
What is project portfolio management?
A collection of projects/programs aligned with organizational goals.
What is the difference between a project and a portfolio?
A project is a specific task or initiative; a portfolio is a collection of projects aligned with organizational goals.
Fill in the blank: The _______ triangle emphasizes the importance of technical project management, strategic and business management, and leadership skills.
Talent
True or False: All projects have a beginning and an end.
True
What is the primary focus of Module 1?
The primary focus of Module 1 is to introduce foundational concepts and essential terminologies.
True or False: Module 1 includes a section on advanced topics.
False