Project Management Fundamentals - Memorization Flashcards
(44 cards)
What is progressive elaboration?
Progressively detailing the plan as the project moves toward completion and as newer and improved information emerges.
What is the Development life cyle?
It is the phase or phases required to develop the product.
What is a project?
It is a temporaty initiative carried out with the purpose of developing one or more unique deliverables.
What is a program?
It is a temporary initiative that coordinates a group of projects, subsidiary programs and program-level activities to obtain specific/shared outcomes and benefits.
What is a unique deliverable?
A product or service with distinct characteristics.
Define Triple constraint.
Three key concurrent project constraints: scope, schedule and budget.
Define constraint.
Represent restrictions that limit project options and outcomes.
What is a Portfolio?
It is a set of projects, programs, subsidiary portfolios and operations managed in an integrated way to pursue strategic targets.
Define Business Value.
Business Value is the value added by the project, when considering the expected benefits derived from the project as well as the costs required to attain them.
What is the Product Life Cycle?
It’s a product’s complete history, extending from the market introduction, growth, maturity and retirement phases.
What is a stakeholder?
It is an individual or group who can be positively or negatively impacted by the project, or who can positively or negatively influence the project.
What is a Steering committee?
It is an advisory group that provides project management direction and leadership, supports the project manager, oversees progress, resolves issues beyond the project manager’s authority, arbitrates conflict, approves major deliverables and acts as a project liaison with corporate management or program management.
What is an operation?
It is a permanent initiative that repeats the same process.
What is a phase review?
It is predefined event in the project, typically at the end of a phase, which enables senior management to review the project’s performance and justification, before deciding on whether to proceed to the next phase, make the necessary adjustments or terminate the project.
Define Project Life Cycle.
Project Life Cycle is the combination of phases that the project goes through.
Define Project Management Team.
Project management team is a temporary structure comprising all the individuals with project management responsibilities within the project.
Define Outcome.
Outcome is a business change that results from the project.
Define Benefits.
Benefits are measurable gains that result from the project outcomes.
What is a project phase?
A project phase is a logical aggregation of project work for improved manageability.
What is the main role of a Project manager?
A project manager manages the project under the sponsor’s authority, acting as a delegate, and leads the team towards project objectives.
What is Project Management?
It is a management discipline that pursues project success through a structured application of knowledge, tools, techniques, practices and skills.
Define Customer organization.
Customer organization is a company or group who requested the project’s deliverables.
What are Enterprise envrionmental factors?
Enterprise envrionmental factors are conditions that exist around projects and may influence their performance.
What are Organizational process assets?
Organizational process assets are assets that the organization has accumulated and acquired, which can be used to guide and improve its project management practices.
