Project Life Cycle Flashcards Preview

CAPM Study PMBOK 6th edition > Project Life Cycle > Flashcards

Flashcards in Project Life Cycle Deck (9)
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1
Q

What is a Product Life Cycle?

A

The series of phases that represent the evolution of a product , from concept through delivery, growth, maturity. and to retirement.

2
Q

What is a Project Life Cycle?

A

The series of phases that a project passes through from its start to its completion.

3
Q

How do projects differ from operations?

A

Projects are temporary initiatives creating a unique output, whereas operations are ongoing. Changes in operations may be the focus of a project . Ongoing operations are outside of the scope of the project.

4
Q

What is a stakeholder?

A

An individual, group or organization that may affect, be affected by a decision , activity, or outcome of a project, program or portfolio.

5
Q

Who is the project sponsor?

A

A person or group who provides resources and support for the project, program, or portfolio and is accountable for enabling success.

6
Q

Describe a functional organizational structure ?

A

An organizational structure in which staff is grouped by areas of specialization and the project manger has limited authority to assign work and apply resources.

7
Q

Describe an organic or simple organizational structure?

A

An organic or simple organizational structure is people working side-by-side. There is little to no project manager authority.

8
Q

Describe a matrix organizational structure?

A

Any organizational structure in which the project
manager shares responsibility with the functional managers for assigning priorities and for directing the work of persons assigned to the project.

9
Q

Describe a project-oriented ( composite-hybrid) organizational structure?

A

An organizational structure that arrange work groups by network structure with nodes at points of contact with other people. The organization may have full -time staff from different functional departments hat could work on projects and in operations. The organization may also have dedicated project managers , project staff and a PMO.