Project Management
Study online at https://quizlet.com/_877cz
1. Def of a Project: Temporary - has a definite beginning and end
Has Purpose - undertaken to create a unique product, service or result
2. Def of Project Management: Applied knowledge, skills, tools, and techniques
to project activities to meet project requirements
3. Def of Business Advantage: achievement of goals
resource utilization
Information-based decision making
4. Def of Competitive Advantage: culture of execution and collaboration
getting the "right" results reliably
5. Def of Scope: A recognized project constraints
schedule,financial resources, objectives, and staff
6. Def of Scope Creep: the tendency of most projects to shift boundaries (money,
time, etc) as the project moves forward
7. Def of Gold Plating: adding needless details to a project
8. Def of Project Risk: those factors that may delay or obstruct a project's com-
pletion. Part of a project manager's job is to plan for and reduce the amount of risk
to a project.
9. T or F:No project can run smoothly if expectations, responsibilities, objec-
tives, and timelines are not clearly understood by all stakeholders, or those
who are invested in your project.: TRUE
10. Def of Deliverables: Are unique and verifiable -- it must be possible to confirm
that they have been generated by the project
Must meet expectations of project stakeholders
Timeliness and quality are key determinants of project success
11. 5 process areas of project management: IPEMC
Initiation
Planning,
Execution/Implementation
Monitoring and Controlling
Closing
12. Def of Life-Cycle (project approach): Framework for managing the unfolding
of a project over time
, Project Management
Study online at https://quizlet.com/_877cz
Structured as a series of sequential, and possibly over-lapping, phases
13. Def of Life-Cycle Phase: Activities focused on a specific outcome
Key opportunity for mgmt review of deliverables and milestone definition for a
project
14. Def of Process: Set of related actions directed at accomplishing a specific
result
minimizes risk and eliminates problems.
15. 4 Type of project life cycles (approaches: 1. Linear
2. Iterative
3. Adaptive
4. Agile
16. Reaons why projects are authorized and initiated: Technological advances
Customer requests
Legal/regulatory requirements
Market demands
17. Activities during the Planning Phase: Assemble your team
Develop time line and resources
Consider breaking down large projects into smaller, more manageable ones
Develop the plan
Estimate costs
Communications Plan
18. Activities during the Execution Phase: Coordinate resources
Supervise project activities
Communicate wisely with team members re. timelines, deliverables, expectations
Procurement
19. Activities during the Monitoring and Controlling Phase: Mange specifica-
tions
Control scope creep
Be flexible re. others ideas, but maintain scope
Report on Performance
20. Activities during the Closing the Project
Phase: Present the project to stakeholders; receive official approval/acceptance
, Project Management
Study online at https://quizlet.com/_877cz
Finalize project activities: file paperwork, formally close contracts, etc.
Hold post-mortem with team: Review project processes, resources, budget, time
lines, and outcomes
21. 4 Project Success Factors: Strong executive support
Plenty of user involvement
An experienced project manager
Clear business objectives
22. Common Elements of Project Management: Planning the project
Defining activities that make up the project
Monitoring how the project is going
Responding to changes that occur during a project
Estimating resources -- what do you need to do the project, in time, people,
materials?
23. Activities during the Initiating Phase: Start the project
Who? What?
Identify Stakeholders
24. What are the 9 Knowledge Areas (PMI): Integration
Scope
Time
Cost
Quality
HR
Communication
Risk
Procurement
25. T or F: PMI's PMBOK® identifies 42 processes, organized into 5 groups-
: True
26. T or F: Every Project Has a Life Cycle: True
27. Def of Linear Life Cycle: Increments
Sequence is well known
Requirements known
Few changes expected
Low Risk
Study online at https://quizlet.com/_877cz
1. Def of a Project: Temporary - has a definite beginning and end
Has Purpose - undertaken to create a unique product, service or result
2. Def of Project Management: Applied knowledge, skills, tools, and techniques
to project activities to meet project requirements
3. Def of Business Advantage: achievement of goals
resource utilization
Information-based decision making
4. Def of Competitive Advantage: culture of execution and collaboration
getting the "right" results reliably
5. Def of Scope: A recognized project constraints
schedule,financial resources, objectives, and staff
6. Def of Scope Creep: the tendency of most projects to shift boundaries (money,
time, etc) as the project moves forward
7. Def of Gold Plating: adding needless details to a project
8. Def of Project Risk: those factors that may delay or obstruct a project's com-
pletion. Part of a project manager's job is to plan for and reduce the amount of risk
to a project.
9. T or F:No project can run smoothly if expectations, responsibilities, objec-
tives, and timelines are not clearly understood by all stakeholders, or those
who are invested in your project.: TRUE
10. Def of Deliverables: Are unique and verifiable -- it must be possible to confirm
that they have been generated by the project
Must meet expectations of project stakeholders
Timeliness and quality are key determinants of project success
11. 5 process areas of project management: IPEMC
Initiation
Planning,
Execution/Implementation
Monitoring and Controlling
Closing
12. Def of Life-Cycle (project approach): Framework for managing the unfolding
of a project over time
, Project Management
Study online at https://quizlet.com/_877cz
Structured as a series of sequential, and possibly over-lapping, phases
13. Def of Life-Cycle Phase: Activities focused on a specific outcome
Key opportunity for mgmt review of deliverables and milestone definition for a
project
14. Def of Process: Set of related actions directed at accomplishing a specific
result
minimizes risk and eliminates problems.
15. 4 Type of project life cycles (approaches: 1. Linear
2. Iterative
3. Adaptive
4. Agile
16. Reaons why projects are authorized and initiated: Technological advances
Customer requests
Legal/regulatory requirements
Market demands
17. Activities during the Planning Phase: Assemble your team
Develop time line and resources
Consider breaking down large projects into smaller, more manageable ones
Develop the plan
Estimate costs
Communications Plan
18. Activities during the Execution Phase: Coordinate resources
Supervise project activities
Communicate wisely with team members re. timelines, deliverables, expectations
Procurement
19. Activities during the Monitoring and Controlling Phase: Mange specifica-
tions
Control scope creep
Be flexible re. others ideas, but maintain scope
Report on Performance
20. Activities during the Closing the Project
Phase: Present the project to stakeholders; receive official approval/acceptance
, Project Management
Study online at https://quizlet.com/_877cz
Finalize project activities: file paperwork, formally close contracts, etc.
Hold post-mortem with team: Review project processes, resources, budget, time
lines, and outcomes
21. 4 Project Success Factors: Strong executive support
Plenty of user involvement
An experienced project manager
Clear business objectives
22. Common Elements of Project Management: Planning the project
Defining activities that make up the project
Monitoring how the project is going
Responding to changes that occur during a project
Estimating resources -- what do you need to do the project, in time, people,
materials?
23. Activities during the Initiating Phase: Start the project
Who? What?
Identify Stakeholders
24. What are the 9 Knowledge Areas (PMI): Integration
Scope
Time
Cost
Quality
HR
Communication
Risk
Procurement
25. T or F: PMI's PMBOK® identifies 42 processes, organized into 5 groups-
: True
26. T or F: Every Project Has a Life Cycle: True
27. Def of Linear Life Cycle: Increments
Sequence is well known
Requirements known
Few changes expected
Low Risk
