WGU project management
Study online at https://quizlet.com/_6t55gs
1. Projects: "A temporary activity that creates a unique result.
Initiatives with specific goals and start and end dates. Develop a new product or service, reduce costs, add technology,
etc.
Ex.
"A car company developing a new passenger car.
A freight company adding a computer program to optimize cargo carrying capacity.
A construction company building a new facility for a customer.
"
2. Operations: "Day-to-day activities in an organization. Continuous/ongoing.
Ex.
"A car company making cars.
An airline flying passsengers.
A CPA firm completing taxes for clients.
3. Product: "Something created by a project.
Ex.
"A flu vaccine. An office building. The movie you just watched. The design of the vehicle you drive.
4. Business Scenario: "An imagined or projected sequence of events that is representative of a significant
business need or problem, enables vendors to understand the value to the customer organization of a developed
solution.
Business Scenarios have this information:
- Past events that are relevant
- Current key information
- Expected or desired outcomes
Ex.
"The price of gas is at a three-year high and expected to continue to rise.
Battery life has been an issue with cell phones. New technology cna provide smaller batteries with extended lives. "
5. Business Strategy: "The activities, methods, tactics, etc. that will be employed to meet the business's goals.
Determined by senior management in the organization to improve the value of the company to its stakeholders."
, WGU project management
Study online at https://quizlet.com/_6t55gs
Ex.
Projects selected by an organization must be directly related to the organization's strategy.
6. Subject Matter Experts: "A person who is an authority in a particular area or project.
7. Program: A group of related projects.
Ex. "Development of a new kind of full size passenger car at an auto manufacturer.
8. Portfolio: "A group of initiatives (projects and programs) that a company engages in to improve its operations.
Ex. Programs for full size, mid size, and compact cars.
9. Charter: "The definition of a project according to stakeholders. Defines how customer will determine if project
met expectations. Includes a beginning, work steps, and clear and defined end.
10. Business Case: "The justification for a project - Explains the business need.
11. Project Life Cycle Phases: "Defining, Planning Executing, Closing"
12. Defining: "Idea for project is generated and formalized. Decision on whether to implement is made. Ends
when project charter is approved.
13. Info: "Project Proposal should include: Outcomes and deliverables, how project will be completed, high-level
estimate of cost and completion time, reasons for project, benefits of project, resources needed, risks, stakeholders
and their roles, what decisions are made and by whom.
"
14. Planning: "Where detailed planning occurs. Level of detail aligns with complexity of project. Use Work
Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved by customer and/or sponsor and project
team.
15. Executing: "Where most of the work is done.
Deliverables are completed. Progress is monitored and actions taken as needed to stay on track.
May return to planning phase as needed if objectives can't be met, to modify budget, schedule, or scope.
Study online at https://quizlet.com/_6t55gs
1. Projects: "A temporary activity that creates a unique result.
Initiatives with specific goals and start and end dates. Develop a new product or service, reduce costs, add technology,
etc.
Ex.
"A car company developing a new passenger car.
A freight company adding a computer program to optimize cargo carrying capacity.
A construction company building a new facility for a customer.
"
2. Operations: "Day-to-day activities in an organization. Continuous/ongoing.
Ex.
"A car company making cars.
An airline flying passsengers.
A CPA firm completing taxes for clients.
3. Product: "Something created by a project.
Ex.
"A flu vaccine. An office building. The movie you just watched. The design of the vehicle you drive.
4. Business Scenario: "An imagined or projected sequence of events that is representative of a significant
business need or problem, enables vendors to understand the value to the customer organization of a developed
solution.
Business Scenarios have this information:
- Past events that are relevant
- Current key information
- Expected or desired outcomes
Ex.
"The price of gas is at a three-year high and expected to continue to rise.
Battery life has been an issue with cell phones. New technology cna provide smaller batteries with extended lives. "
5. Business Strategy: "The activities, methods, tactics, etc. that will be employed to meet the business's goals.
Determined by senior management in the organization to improve the value of the company to its stakeholders."
, WGU project management
Study online at https://quizlet.com/_6t55gs
Ex.
Projects selected by an organization must be directly related to the organization's strategy.
6. Subject Matter Experts: "A person who is an authority in a particular area or project.
7. Program: A group of related projects.
Ex. "Development of a new kind of full size passenger car at an auto manufacturer.
8. Portfolio: "A group of initiatives (projects and programs) that a company engages in to improve its operations.
Ex. Programs for full size, mid size, and compact cars.
9. Charter: "The definition of a project according to stakeholders. Defines how customer will determine if project
met expectations. Includes a beginning, work steps, and clear and defined end.
10. Business Case: "The justification for a project - Explains the business need.
11. Project Life Cycle Phases: "Defining, Planning Executing, Closing"
12. Defining: "Idea for project is generated and formalized. Decision on whether to implement is made. Ends
when project charter is approved.
13. Info: "Project Proposal should include: Outcomes and deliverables, how project will be completed, high-level
estimate of cost and completion time, reasons for project, benefits of project, resources needed, risks, stakeholders
and their roles, what decisions are made and by whom.
"
14. Planning: "Where detailed planning occurs. Level of detail aligns with complexity of project. Use Work
Breakdown Structure to identify outcomes needed.
Can require significant time for large projects.
Typically ends when baselines for scope, budget, and schedule are approved by customer and/or sponsor and project
team.
15. Executing: "Where most of the work is done.
Deliverables are completed. Progress is monitored and actions taken as needed to stay on track.
May return to planning phase as needed if objectives can't be met, to modify budget, schedule, or scope.
