project - Answers a temporary endeavor that has a definite beginning and ending dates, and it results in
a unique product, service, or result
4 project criteria fundamental factors - Answers 1. Meet regulatory, legal, or social requirements.
2. Satisfy stakeholder requests or needs.
3. Implement or change business or technological strategies.
4. Create, improve, or fix products, processes, or services.
projects criteria - Answers Unique, Temporary, Reason/Purpose, Stakeholders satisfaction
benefits of project management: - Answers - Provides a roadmap that is easily followed and leads to
project completion
- Improves customer satisfaction
- Enhances effectiveness in delivering services
- Improves growth and development within the project team
Organization - Answers A process of dividing work into sections and departments
Project phase - Answers A combination of related activities that represent a definite stage within a
project
Performing organization - Answers A specific enterprise viewed by all parties and directly or explicitly
involved in all phases and aspects of doing any and all work
Process - Answers A set of related tasks performed for managing a certain aspect of a project
Relationship of Project, Program, Portfolio, and Operations Management Portfolio - Answers Helps in
identifying, authorizing, prioritizing, managing, and controlling projects, programs, and other related
work for attaining particular business objectives
Operations - Answers Performs ongoing tasks and constitutes an organization's on-going, repetitive
activities
Organizational project - Answers Ensures that an organization accepts the right projects and allocates
critical resources appropriately
Program - Answers Involves the management of all the coordinated projects within a program and helps
in achieving the program's strategic objectives and benefits
Two types of phase-to-phase relationships - Answers 1. Sequential relationships
,2. Overlapping relationships
Sequential relationships - Answers One phase must finish before the next phase can begin.
Overlapping relationships - Answers One phase starts before the prior phase completes.
Project management processes - Answers These are concerned with describing and organizing the work
of the project.
Product-oriented processes - Answers These are concerned with specifying and creating the project
product.
tailoring - Answers The project manager and project team are responsible for determining which
processes within each process group are appropriate for the project on which you're working
Work performance data - Answers the raw observations and measurements determined during activities
performed to execute the project work
Work performance information - Answers performance data aggregated from several controlling
processes, analyzed in context and integrated based on relationships across areas.
Work performance report: - Answers the physical or electronic representation of work performance
information compiled in project documents for generating decisions or raising issues, actions, or
awareness.
Project charter: - Answers Records the name of the project manager and provides that person the
authority to assign organizational resources to a project
Project management plan: - Answers Defines how the project is executed, how it's monitored, and how
it's controlled
Project business case: - Answers Helps executive management and key stakeholders to determine the
benefits and rewards of a project
Project benefits management plan: - Answers Defines the processes for creating, maximizing, and
sustaining the advantages provided by a project.
Here are the two major categories of influences: - Answers 1. EEFs (enterprise environmental factors)
2. OPAs (organizational process assets)
Data repositories for metrics: - Answers Collect and make available measurement data on processes and
products
Financial data repositories: - Answers Include information such as labor hours, incurred costs, budgets,
and any project cost overruns.
, Project files from previous projects: - Answers Include information about scope, cost, schedule, and
performance measurement baselines.
Historical information knowledge repositories: - Answers Include project records and documents, all
project closure information and
Organizational structure: - Answers Identifies how roles, power, and responsibilities are assigned,
controlled, and coordinated, and how information flows between the different levels of management
Governance framework: - Answers Influences how objectives of an organization are set and achieved, a
risk is monitored and assessed, and performance is optimized
Management element: - Answers Includes the key functions or principles of general management in an
organization
In a projectized organization, - Answers team members have no department they belong to; they are
loyal only to the project.
In a matrix organization - Answers functional managers assign employees to projects, whereas project
managers assign tasks associated with the project
In a functional organization, - Answers team members are loyal to their department and report only to
their functional manager.
Controlling: - Answers Includes requirements which contain adoption of methodologies, templates and
agreement to governance
Directive: - Answers Inserts great deal of professionalism as the PMO manages the projects results in
high level of consistency
Supportive: - Answers Provides support in the form of templates and accesses information
Project manager: - Answers Works as a professional in the field of project management and is
responsible for the planning, execution, and closing of any project
PMO (project management office): - Answers If an organization has a PMO and it is directly or indirectly
responsible for the outcome of a project, the PMO is a stakeholder in that project
Project team: - Answers Consists of the project manager, project management team, and individuals
who perform the project work for producing the project outcome
Program manager: - Answers If the project is part of a program, the program manager is certainly a
stakeholder in the project
Portfolio manager: - Answers Are responsible for the high -level governance of a collection of projects,
programs and operations, which may or may not be interdependent