Project MGMT Chapter 1 - Winter 2013 Flashcards
(36 cards)
Best Practice
An optimal way recognized by industry to achieve a stated goal or objective
Critical Path
The longest path through a network diagram that determines the earliest completion of a project
Enterprise or portfolio project management software
Software that integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization
Program
A group of projects managed in a coordinated way to obtain benefits and control not available from managing them individually
Program manager
A person who provides leadership and direction for the project managers evading the projects within the program
Project
A temporary endeavour undertaken to create a unique product, service, or result
Project manager
The person responsible for working with the project sponsor, the project team, and the other people involved in a project to meet expected goals
Project Management Institute (PMI)
International professional society for project managers
Project management knowledge areas
Project integration management
4 core knowledges; Scope,Time,Cost,Quality
4 faciliating knowledge; Human resource, Communications, Risk, Procurement management
- 1 knowledge area (PROJECT INTEGRATION MANAGEMENT) affects and is affected by all the other knowledge areas
Project Management Office (PMO)
An organizational group responsible for coordinating the project management functions throughout an organization
Project Management Professional (PMP)
Certification provided by PMI that requires documenting project experience and education, agreeing to follow the PMI code of ethics, and passing a comprehensive exam
Project management tools and techniques
Methods available to assist project managers and their teams; some popular tools in the time management knowledge area include Gantt charts, network diagrams, and critical path analysis
Project portfolio management
When organizations group and manage projects as a portfolio of investments that contribute to the entire enterprise’s success
Project sponsor
The person who provides the direction and funding for a project
Stakeholders
People involved in or affected by project activities
Project sponsor Project manager Project team Support staff The suppliers Opponents
Triple constraint
Balancing scope, time, and cost goals
Project Attributes
A project has a unique purpose
A project is temporary
A project is developed using progressive elaboration
A project requires resources, often from various areas
A project should have a primary customer or sponsor
A project involves uncertainty
Scope
Involves defining and managing all the work required to complete the project successfully
Project human resource management
Is concerned with making effective use of the people involved with the project
Project communication management
Involves generating, collecting, disseminating, and storing project information
Project risk management
Includes identifying, analyzing, and responding to risks related to the project
Project procurement management
Involves acquiring or procuring goods and services for a project from outside the performing organization
Project success
The project met scope time and cost goals
The project satisfied the customers/sponsor
The results of the project met its main objective such as making or receiving a certain amount of money providing a good return on investment or simply making the sponsors happy
What helps projects succeed
- executive support
- user involvement
- experienced project manager
- clear business objectives
- Minimized scope
- Standard software infrastructure
- Firm basic requirements
- Formal Methodology
- Reliable estimates
- Other criteria such as small milestones proper planning competent staff and ownership
