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Flashcards in Intro to Project Management Deck (24)
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1

Application Areas

These are the areas of business, industry, and trade about which the project manager may need special knowledge. Common application areas include legal issues, technical issues, engineering information, and manufacturing information.

2

Deliverable

The outcome of a project or project phase; a deliverable of a project can be a product or a service.

3

Iron Triangle

The Triple Constraints of Project Management: time, cost, and scope. Quality is affected by the balance of these three components.

4

Management by Projects

This approach characterizes organizations that manage their operations as projects. These project-centric entities could manage any level of their work as a project. Such organizations apply general business skills to each project to determine their value, efficiency, and, ultimately, their return on investment.

5

Operations

The day-to-day work that goes on in the organization.

6

PMBOK Guide

Project Management Body of Knowledge (PMBOK), which includes all knowledge and practices within the endeavor of project management.

7

PMP

Project Management Professional

8

Progressive Elaboration

The process of providing or discovering greater levels of detail as the project moves toward completion.

9

Project

A temporary endeavor undertaken to create a unique product or service.

10

Project Communications Management

90 percent of a project manager's time is spent communicating. This knowledge area details how communication happens, outlines stakeholder management, and shows how to plan for communications within any project.

11

Project Cost Management

Cost is always a constraint in project management. This knowledge area is concerned with the planning, estimating, budgeting, and control of costs. Cost management is tied to time and quality management--screw either of these up and the project costs will increase.

12

Project Human Resource Management

This knowledge area focuses on organizational planning, staff acquisition, and team development. You have to somehow acquire your project team, develop this team, and then lead them to the project results.

13

Project Integration Management

This knowledge area focuses on creating the project charter, the project scope statement, and a viable project plan. Once the project is in motion, then Project Integration Management is all about monitoring and controlling the work. If changes happen, and we know they will, then you have to determine how that change may affect all of the other knowledge areas.

14

Project Management

The supervision and control of the work required to complete the project vision.

15

Project Manager

The individual accountable for all aspects of a project.

16

Project Office

Organizes and manages control over all projects within an organization.

17

Project Portfolio Management

A management process to select the projects that should be invested in. Specifically, it is the selection process based on the need, profitability, and affordability of the proposed projects.

18

Project Procurement Management

Projects often need things and services in order to reach closing. This knowledge area covers all the business of project procurement, the processes to acquire and select vendors, and contract negotiation. The contract between the vendor and the project manager's organization will guide all interaction between the project manager and the vendor.

19

Project Quality Management

This knowledge area centers on quality planning, assurance, and control.

20

Project Risk Management

This knowledge area focuses on risk planning, analysis, monitoring, and control. You'll have to complete qualitative analysis and then quantitative analysis in order to adequately prepare for project risks. Once the project moves forward, you'll need to monitor and react to identified risks as planned.

21

Project Scope Managaement

This knowledge area deals with the planning, creation, protection, and fulfillment of the project scope. One of the most important activities in all of project management happens in this knowledge area: creation of the Work Breakdown Structure.

22

Project Time Management

Time management is crucial to project success. This knowledge area covers activities, their characteristics, and how they fit into the project schedule. This is where you and the project team will define the activities, plot out their sequence, and calculate how long the project duration will actually take.

23

Subproject

A subproject exists under a parent project but follows its own schedule to completion. Subprojects may be outsourced, assigned to other project managers, or managed by the parent project manager but with a different project team.

24

Work Breakdown Structure (WBS)

The WBS is a deliverable-orientated collection of project components. Work that isn't in the WBS isn't in the project. The point of the WBS is to organize and define the project scope.