Operations Mangement. Project Managemnt Flashcards Preview

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Flashcards in Operations Mangement. Project Managemnt Deck (19)
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1
Q

How is a project defined?

A

Temporary undertaking

2
Q

5 major processes of project management

A

Authorization, planning, implementation, monitoring, and closing

3
Q

What is the significance of a project charter?

A

Permission

4
Q

What describes the product or services the project must deliver at completion?

A

Statement of Work

5
Q

What process consists of establishing the baseline and initial project management plan?

A

Planning

6
Q

What process consists of completing the work and project procedure and deliverables conform to the standard of quality?

A

Implementation

7
Q

What process consists of project ending?

A

Closing

8
Q

What is the saying for the project management process?

A

β€œAn authorized project plan, implemented, monitored, and controlled, eventually ends when the objectives have been completed.”

9
Q

What is the project manager duties?

A

Day-to-day basis

10
Q

What is the project members duties?

A

Perform the project tasks

11
Q

What is the project sponsor duties?

A

Executive level of management who is responsible for allocating funds and resources and chair the steering committee

12
Q

What is the executive steering committee duty?

A

Group of executive level of people charged with regular oversight

13
Q

What are the 2 resources?

A

Money & labor

14
Q

What are the attributes of the product, service, or result?

A

Product scope

15
Q

What represents the amount of money that is expected to be spent on a project?

A

Cost baseline

16
Q

What type of estimating consist of statistical relationship?

A

Parametric estimating

17
Q

What type of estimating consist of bottom-up analysis?

A

Work Breakdown Structure Estimation

18
Q

What is the monetary padding to allow for uncertain cost estimations?

A

Reserve analysis

19
Q

What are the qualities of deliverables?

A

Specific, measurable, attainable, relevent, and time-based