PMBOK Flashcards
(34 cards)
what does PMBOK stand for?
project management body of knowledge
what does PMBOK describe?
the knowledge within the profession of project management
the project manager works with the project team to…
…tailor the application of general recognized good practices for each project
Is PMBOK a methodology?
No, it’s a foundation upon which organizations can build methodology, polices, procedures, rules, tools, and techniques e.c.t
what is the definition of a project?
a project is a temporary endeavor-with a beginning and an end- undertaken to create a unique product, service or result.
why is a project a temporary endeavor?
because a project has a definite beginning and end
what is the definition of business value according to PMI?
business value is the net quantifiable benefit derived from a business endeavor
project initiation context
- meet regulatory, legal, or social requirements
- satisfy stakeholder requirements or needs
- implement or change business or technology strategies
- create, improve, or fix products, processes, or services
definition of project management
project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements
definition of a program
a program is defined as a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually.
definition of portfolio
A portfolio is defined as projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives
what is an organizational perspective of project, program, and portfolio management?
- program and project management focuses on doing programs and projects the “right” way,
- portfolio management focuses on doing the “right” programs and projects
crosspoints between operations and project management
- when developing a new product, upgrading a product, or expanding outputs
- while improving operations or the product development process
- at the end of the product life cycle
- at each closeout phase
Definition of a Project Life Cycle.
a project Life cycle is the series of phases that the project passes through from its start to completion. The phases may be sequential, iterative, or overlapping. project life cycles can be predictive or adaptive
definition of a project phase
a project phase is a collection of logically related project activities that accumulates in the completion of one or more deliverables
what is a phase gate?
A phase gate is held at the end of the phase. The project’s performance and progress are converted to project and business documents and a decision is made as a result of this comparison to:
1. continue to the next phase,
2. continue to the next phase with modification,
3. end the project,
4. remain in the phase, or
5. repeat the phase or elements of it.
name the five project management process groups
- initiating process group
- planning process group
- executing process group
- monitoring and controlling process group
- closing process group
Name the 10 knowledge areas described in PMBOK
project integration management
project scope management
project schedule management
project cost management
project quality management
project resource management
project communication management
project risk management
project procurement management
project stakrholder management
which are the project management business documents according to PMBOK
project business case and project benefits management plan.
who is responsible for developing and maintaining the project business case document?
the project sponsor
definition of project charter
the project charter is defined as a document issued by the project sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
definition of a project management plan
the project management plan is defined as a document that describes how the project will be executed, monitored, and controlled
what are the project management metrics? how do you measure the success of a project?
traditionally, the project management metrics of time, cost, scope, and quality have been the most important factors in defining the success of a project
What are the two major categories of influences on a project?
The two major categories of influences are Enterprise environmental factors (EEFs) and organizational process assets (OPAs)
