What is a project lifestyle?
The sequence of phases a project goes through from starting to completion.
Example:
Design, build, test,  deliver.
Is the project life cycle the same for all projects?
No. It varies, depending on the industry, organization, project type.
What life cycle is universal across all projects?
The project management lifecycle.
What are five project management process groups?
Initiating, planning, executing, monitoring, and controlling, closing
What is the main goal of the initiating process group?
To formally authorize a project and identify stakeholders.
What is the purpose of the planning process group
To create the role of completing the project.
What occurs during the executing process?
The project team performs the world to find in the project manager plan.
What occurs in the closing process group?
I know the project, obtaining substance, and documenting lessons.
What is the purpose of monitoring and controlling?
To track performance and make adjustments necessary.
What is predicted project management?
A plan driven approach for scope, schedule, cost are defined early in the project.
What types of projects commonly used predictive methods?
Construction, engineering, manufacturing,
What is adaptive project management?
An iterative approach will require requirements evolve in our refined through frequent feedback.
What industry commonly use adaptive methods?
Software development, technology product development.
What is a iteration?
A short development cycle used to produce part of the product last 2 to 4 weeks.
What is an increment?
A usable portion of the final product delivered during an iteration.
What is hybrid project management?
A combination of predictive and adaptive app
Example: predictive infrastructure planning with agile software development.
Why do organizations use hybrid approaches?
Because different parts of a project may require different development methods
Who are stakeholders?
Individual groups who can influence or affect the project.
Example: customers, sponsors, team members, and vendors.
Who is this project?
The person who authorized the project and provides funding
What is project governance?
The framework that insurances projects align with organizational strategy and policies
Why is governance important?
Insurance account, accountability, oversight, and alignment with strategic goals.
What is the main purpose of project according to PMI?
To deliver a business value
What is the business value?
The benefit a project provides to the organizations for stakeholders.
Example : revenue, efficiency, customer satisfaction.
What is the benefits management plan?
A document that describes how project benefits will be measured and realized
