PM Overview Flashcards
(33 cards)
Define: Project
TIME-LIMITED endeavor undertaken to create a UNIQUE product, service, or result.
What is the difference between projects and operations?
Project is time-limited/finite and has not been attempted before by the organization, while operations may go on perpetually.
Note: When planning, the project team should understand/consider the needs of the group that will take over operations/maintenance once the project is closed.
What is the relationship between projects, programs, and portfolios?
answer… (see Table 1-2, page 13, to create additional cards)
What are the 5 process groups?
initiating planning executing monitoring and controlling closing
How do the process groups relate to one another?
add chart
What is the relationship between project management and organizational strategy?
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What is the difference between project manager and functional manager?
Project manager…
Functional manager…
Define: OPAs
Organizational Process Assets
Define: EEFs
Enterprise Environmental Factors
Name OPAs & describe how they can impact a project
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Are OPAs and EEFs inputs or outputs to most of the processes?
inputs
What organizational influences can impact a project?
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How can (organizational influence) positively or negatively impact projects?
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How can (organizational influence) positively or negatively impact projects?
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How can (organizational influence) positively or negatively impact projects?
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Name EFFs & describe how they can impact a project
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What organizational structures can affect the authority and influence of a PM?
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How can (organizational structure) affect the authority and influence of a PM?
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How can (organizational structure) affect the authority and influence of a PM?
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What are the four reasons projects are initiated?
- Meet regulatory, legal or social requirements
- Satisfy stakeholder needs or requests
- Create, improve, or fix products, processes, or services
- Implement or change business or technological strategies
List some specific factors that lead to the creation of projects
new technology competitive forces material issues political changes market demand economic changes customer request stakeholder demands legal requirement business process improvements strategic opportunity or business need social need environmental considerations
Which of the 4 reasons of project creation would the following factor be exemplary of? (add image from Table 1-1)
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Define: Project Life Cycle
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How does project life cycle differ from development life cycle?
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