412090
Description
Flashcards by Peggy Torres, updated more than 1 year ago
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Created by Peggy Torres
over 10 years ago
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| Question | Answer |
| What is a project? | A temporary endeavor undertaken to create a unique product, service or result |
| What is project management? | The application of knowledge, skills, tools & techniques to project activities to meet project requirements |
| What type of constraints are common in most projects? | Financial, market place, regulatory, weather conditions |
| What is the challenge in managing Subject Matter Experts? | Are they peripheral to the initiating and planning stages |
| What makes a person or group a project stakeholder? | Anyone who has in interest in making the project succeed |
| The key factors of a project are: | Fixed duration and a project fixed cost |
| How can project work be described? | Temporary, managers need both soft & hard skills, have more responsibility than authority, a project lifecycle |
| What is operations? | Ongoing work to ensure organization functions effectively |
| What is a functional manager? | A person with mgmt. authority over an organizational unit; that makes the product or performs a service |
| What is a project life cycle? | A collection of phases whose name and number are determined by the control needs of the organization |
| The four stages of a project life cycle are: | Selecting & initiating, Planning, Executing, Closing & Realizing |
| PMBOK stands for: | Project Management Body of Knowledge |
| The 5 PMBOK process groups are: | Initiating, Planning, Executing, Monitoring & controlling, Closing |
| PMBOK 9 knowledge areas: | Integration, Scope, Time, Cost, Quality, Human Resources, Communication, Risk, Procurement Management |
| In selecting & prioritizing projects, what are the key questions? | What is the value? Are the demands understood? Are resources available? Support from internal and external champions? Which projects are best to achieve organizational goals? |
| What is scope? | The sum of products, services & results to be provided as a project |
| Define quality | The degree to which a set of inherent characteristics fulfills requirements |
| Name the 4 ways to classify a project | By industry, size, project scope & application |
| What are the 3 project executive level roles? | Steering team, Chief projects officer & Sponsor |
| Name the 4 project management level roles: | Project mgr, Functional mgr, Facilitator, Senior customer representative |
| The project associate level roles are: | Core team members & Subject matter experts |
| What does Initiating mean? | Defines & authorizes a project or project phase |
| What does planning mean? | Defines & refines objectives & plans actions to achieve objectives |
| What does executing mean? | Directs & manages people & resources to accomplish project work |
| What is monitoring & controlling? | Collects data & checks progress to determine any needed corrective action |
| What is closing? | Formalized acceptance of project outcomes & ending the project |
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