Project+ Test Study Flashcards
What is a Project?
A project is a temporary work endeavor that creates a unique product, service or result.
What needs to happen in order for a project to be considered successful?
When the specified objectives are met within the specified duration and budget and with the required quality.
What is a Subproject?
A subproject is an independently manageable component of an existing project.
What three things are accomplished to indicate a project has ended?
When the project’s objectives have been met, the need for the project no longer exists, and/or it is determined that the objectives cannot be met.
What is Project Management?
Project management is a planned effort for executing and monitoring a project in order to accomplish it’s defined goals and objectives.
What five things does managing a project involve?
- Scheduling
- Identifying requirements
- Establishing objectives
- Balancing quality, scope, time and cost
- Addressing the concerns and expectations of stakeholders
Operations Management include disciplines such as?
Human resources
Purchasing
Sales
Maintenance
What are operations?
The ongoing, repetitive tasks that produce the same outcome every time they are performed. The purpose of operations is to carry out day-to-day organizational functions, generate income to sustain the business, and increase the value of organizational assets.
What is a program?
A program is a group of related projects that have a common objective. It offers great control over constituent projects and delivers benefits that the organization can use to meet its goals.
Who manages a program?
A program manager
Who manages projects?
Project managers
What is a portfolio?
A portfolio is a collection of projects, programs and operational work to achieve the strategic business objectives of an organization. They can be related or unrelated to one another.
Who manages portfolios?
A senior management or senior management teams.
Program management includes the overseeing of what types of projects?
Related and/or interdependent
What’s a PMO?
Project Management Office. The Project Management Office (PMO) is a centralized, permanent, ongoing administrative unit or department that serves to improve project management performance within an organization.
