Flashcards in Topic 1 - Project Management Fundamentals Deck (30):
Projects are influenced by what factors and conditions?
Culture, Environmental Factors, Process Assets
What are the characteristics of a project?
Produces a unique product/service/result
Factors/Conditions that influence projects?
Programs' relationship to Projects
Coordinate project benefits
Include projects and ongoing work
Group related projects
Greater control over project outcomes
Sharing project resources
Portfolios' relationship to Programs
Use project info for planning
Strategy/goals impact projects
Prioritize projects and resources
NOT grouped projects for central mgmt.
Project Manager fundamental responsibilities
NOT motivate project team
Project Manager to Stakeholders
Functional Managers contribute...
administrative services to support a project.
PMOs (Project Management Offices) manage...
shared resources and procedures.
Relationship: Product and project life cycles
Company can choose to see it all as one project.
Project life cycles supplying samples may be one stage.
Characteristics of project phases
End at natural decision points
End w/ transfer of work/output
Repeat PM processes
Usually sequential (in sequence, one at a time)
Components of Knowledge Areas
*anything ending in "management"
Integration, Risk, Time, Scope, Communications
NOT: Define scope & Initiating management
Iterative nature of PM process groups
P&E process repeat until finished (planning&execution)
M&C repeat, start-finish of a project/phase (monitor&control)
Initiating & Closing process don't repeat in a phase.
Key Roles PMBOK management profession
Document PM principles of PMI
Guides PMs via best practice
Relationship: project life cycle and stages
Starting, org&prep, closing stages have aligning phases
Carrying out project work NOT align w/ single phase
Project LC is made up of all project phases
Characteristics of project LC
High risk at start bc software not developed/tested
Most staff needed once work/building software starts
Changes easy at start. Harder after implementation
starting stage NOT divided into phases/sub-phases
PMI and its role
Monitoring & Controlling Process Group examples
Objectives of Closing Process Group
Formally close project or phase
Finalize all project activities
Initiating and Closing Process Groups
Initiating Group loses momentum after Planning begins
Closing activities peak as Monitor/Control end
Planning Process Group
Planning starts at beginning
Accelerates as Initiating slows down
As Planning ends, Closing peaks
Executing Process Group
Overlaps all other groups
Monitoring & Controlling
Peak in the middle of the project life cycle
Take place throughout life cycle
Outputs of Initiating Process Group
Planning risk management
Monitoring and Controlling project work
conducting product related test
Relationship: project processes, org processes, enterprise environmental facotrs
Enterprise environmental factors typically constrain
Existing org process assets can be tailored to project
Planning happens simultaneously, across KAs
process implemented, documents updated throughout
output is PM plan
Activities of project closure