APM Project Management
Accomidate - ANS-put a second party's needs above first party's needs
Analogous Estimation - ANS-The use of data from similar projects to create estimation for the
active project while taking into account possible rises in cost in the future
Analytical Estimation - ANS-Using the work breakdown structure to create a rough estimation of
the cost of both tasks and resources needed
audit - ANS-assurance to sponsors forms foundation of assurance and is usually externally
orchestrated
Avoid - ANS-suppress or avouding conflict
Belbin Division - ANS-Action Social Thinking
Belbin Model - ANS-Shaper, completer finisher team worker coordinator specialist
Benefit Management - ANS-The formal approach and method of identifying, valuing and
maximizing project benefits
Benefit Management Plan - ANS-The documented explanation defining the processes for
creating, maximizing, and sustaining the benefits provided by a project or program.
benefit management plan identification - ANS-requirements are captured from sources such as
project mandate and stakeholders.
Benefit of Re-estimation - ANS-- incorporation of lessons learnt
- increases the likelyhood of an accurate representation of actual costs
Benefit Reviews - ANS-establishes whether the planned benefits have been fully or partially
realised. It identifies any shortfalls and why they occurred.
Benefits of a comms plan to a project - ANS-- making sure the most approriate media is used in
the communication
-
Benefits of an iterative Lifecycle - ANS-- Changing scope throughout
- improvement through repeated phases and stages
often used to consistantly improve a product during the life cycle
, Benefits of conducting reviews throughout the life cycle - ANS-Deliverables
The Business Case
Management processes
Benefits of Risk Management - ANS--Enables firm to attain its pre-loss and post-loss objectives
more easily
-A risk management program can reduce a firm's cost of risk
-Reduction in pure loss exposures allows a firm to enact an enterprise risk management
program to treat both pure and speculative loss exposures
-Society benefits because both direct and indirect losses are reduced
Best Alternative to a Negotiated Agreement (BATNA) - ANS-The course of action that a person
will take if a negotiation ends in an impasse
Business Case - ANS-A documented economic feasibility study used to establish validity of the
benefits of a selected component lacking sufficient definition and that is used as a basis for the
authorization of further project management activities.
Central PMO - ANS-- Supports several corporate projects
- Supports people, performance, systems & processes
Benefits: flexible and effective in supporting a large number of small projects.
Change Control - ANS-all the processes through which all requests to change the baseline of a
project are identified, evaluated and approved, rejected or deferred
Change Control Process Stages Raise Change to Update Report/implement changes -
ANS-Raise Change- Update Change Log- Initial Evaluation- Approval - Provide Info- Detailed
Evaluation _(defer Reject Approve) Update Log - update baseline and budget- update report
Changing Leadership Style - ANS-The project managers role is to get the best out of their team
members
collaborate - ANS-both parties try to work together
Collection - ANS-Collecting documentation using the host organisations filing and
documentation system
Communication Plan - ANS-defines the how, what, when, and who regarding the flow of project
information to stakeholders and is key for managing expectations
Compete - ANS-Assertive party - win lose situation
Compromise - ANS-two parties meet in the middle
Accomidate - ANS-put a second party's needs above first party's needs
Analogous Estimation - ANS-The use of data from similar projects to create estimation for the
active project while taking into account possible rises in cost in the future
Analytical Estimation - ANS-Using the work breakdown structure to create a rough estimation of
the cost of both tasks and resources needed
audit - ANS-assurance to sponsors forms foundation of assurance and is usually externally
orchestrated
Avoid - ANS-suppress or avouding conflict
Belbin Division - ANS-Action Social Thinking
Belbin Model - ANS-Shaper, completer finisher team worker coordinator specialist
Benefit Management - ANS-The formal approach and method of identifying, valuing and
maximizing project benefits
Benefit Management Plan - ANS-The documented explanation defining the processes for
creating, maximizing, and sustaining the benefits provided by a project or program.
benefit management plan identification - ANS-requirements are captured from sources such as
project mandate and stakeholders.
Benefit of Re-estimation - ANS-- incorporation of lessons learnt
- increases the likelyhood of an accurate representation of actual costs
Benefit Reviews - ANS-establishes whether the planned benefits have been fully or partially
realised. It identifies any shortfalls and why they occurred.
Benefits of a comms plan to a project - ANS-- making sure the most approriate media is used in
the communication
-
Benefits of an iterative Lifecycle - ANS-- Changing scope throughout
- improvement through repeated phases and stages
often used to consistantly improve a product during the life cycle
, Benefits of conducting reviews throughout the life cycle - ANS-Deliverables
The Business Case
Management processes
Benefits of Risk Management - ANS--Enables firm to attain its pre-loss and post-loss objectives
more easily
-A risk management program can reduce a firm's cost of risk
-Reduction in pure loss exposures allows a firm to enact an enterprise risk management
program to treat both pure and speculative loss exposures
-Society benefits because both direct and indirect losses are reduced
Best Alternative to a Negotiated Agreement (BATNA) - ANS-The course of action that a person
will take if a negotiation ends in an impasse
Business Case - ANS-A documented economic feasibility study used to establish validity of the
benefits of a selected component lacking sufficient definition and that is used as a basis for the
authorization of further project management activities.
Central PMO - ANS-- Supports several corporate projects
- Supports people, performance, systems & processes
Benefits: flexible and effective in supporting a large number of small projects.
Change Control - ANS-all the processes through which all requests to change the baseline of a
project are identified, evaluated and approved, rejected or deferred
Change Control Process Stages Raise Change to Update Report/implement changes -
ANS-Raise Change- Update Change Log- Initial Evaluation- Approval - Provide Info- Detailed
Evaluation _(defer Reject Approve) Update Log - update baseline and budget- update report
Changing Leadership Style - ANS-The project managers role is to get the best out of their team
members
collaborate - ANS-both parties try to work together
Collection - ANS-Collecting documentation using the host organisations filing and
documentation system
Communication Plan - ANS-defines the how, what, when, and who regarding the flow of project
information to stakeholders and is key for managing expectations
Compete - ANS-Assertive party - win lose situation
Compromise - ANS-two parties meet in the middle
