product - component of another item, enhancement to existing, or end item service - capability to perform service, improvement to existing result - document, an organizational asset (e.g. research result)

Managing a project typically involves: Identifying r_________ Addressing n___, c__, and e___ of the s______ Establishing an e____ c_____ among s_______ Managing stakeholders toward m_____ project r_______ Balancing the c_____ project c_________

Identifying requirements Addressing needs, concerns, and expectation of the stakeholders Establishing efective communication among stakeholders Managing stakeholders toward meeting project requirements Balancing the competing project constraints

Module 1 Flashcards by Dzenad Dedic

The acceptance of project management as a profession indicates that…

…the application of knowledge, processes,

skills, tools, and techniques can have a significant impact on project success

How well did you know this?

Not at all

Perfectly

The PMBOK® Guide identifies that subset of the project management body of knowledge that is …

…generally recognized as good practice

How well did you know this?

Not at all

Perfectly

Generally recognized means…

…the knowledge and practices described are applicable to most projects most of the time, and
there is consensus about their value and usefulness

How well did you know this?

Not at all

Perfectly

Good practice means…

…there is general agreement that the application of the knowledge, skills, tools, and techniques can enhance the chances of success over many projects.

How well did you know this?

Not at all

Perfectly

The PMBOK® Guide also provides and promotes a common

vocabulary

How well did you know this?

Not at all

Perfectly

What is a Project?

A project is a temporary endeavor undertaken to create a unique product, service, or result

How well did you know this?

Not at all

Perfectly

The outcome of the project may be t_______ or i________

tangible or intangible

How well did you know this?

Not at all

Perfectly

Projects are undertaken at all o___________ levels

organizational

How well did you know this?

Not at all

Perfectly

A project can involve a single or multiple i____, o____ u____, from multiple o______.

individual(s)
organizational unit(s)
from multiple organizations

How well did you know this?

Not at all

Perfectly

A project can create

product - component of another item, enhancement to existing, or end item
service - capability to perform service, improvement to existing
result - document, an organizational asset (e.g. research result)

How well did you know this?

Not at all

Perfectly

A portfolio refers to a collection of projects, programs, subportfolios, and operations managed together to achieve…

…strategic objectives

How well did you know this?

Not at all

Perfectly

Programs are grouped within a portfolio and are comprised of subprograms, projects, or other work that are managed in a c________ fashion, in support of p________.

coordinated

* portfolio

How well did you know this?

Not at all

Perfectly

Although the projects or programs within the portfolio may not be interdependent or directly related, they are linked to the o______s_____ plan by means of the o______p_______

organization’s strategic plan

* organization’s portfolio

How well did you know this?

Not at all

Perfectly

Project management is…

application of knowledge, skills, tools, and techniques to meet project requirements.

How well did you know this?

Not at all

Perfectly

Project management is accomplished through the appropriate a_______ and i______ of the 47 l___ g____ pm p_________, which are categorized into f____ p____ g______

application
integration
logically grouped project management processes
five Process Groups

How well did you know this?

Not at all

Perfectly

Five Process Groups are

Initiating
Planing
Executing
Monitoring and Controlling
Closing

How well did you know this?

Not at all

Perfectly

Managing a project typically involves:

Identifying r_________
Addressing n___, c__, and e___ of the s______
Establishing an e____ c_____ among s_______
Managing stakeholders toward m_____ project r_______
Balancing the c_____ project c_________

Identifying requirements
Addressing needs, concerns, and expectation of the stakeholders
Establishing efective communication among stakeholders
Managing stakeholders toward meeting project requirements
Balancing the competing project constraints

How well did you know this?

Not at all

Perfectly

Competing Project Constraints are:

Scope
Budget
Schedule
Quality
Risk
Resources

How well did you know this?

Not at all

Perfectly

Due to the potential for change, the development of the project management plan is an i______ a______ and is p_____ e_____ throughout the project’s l_______ c________

iterative activity
progressively elaborated
life cycle

How well did you know this?

Not at all

Perfectly

Progressive Elaboration involves…

continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available

How well did you know this?

Not at all

Perfectly

OPM - Organizational Project Management is a s_____ e____ framework utilizing p___, p___, and p____ management, as well as o____ e____ p____ to consistently and predictably deliver o_____ s______ producing better p_____, better r______, and sustainable c__________ advantage.

strategy execution
project, program, and portfolio
organizational enabling practices
organizational strategy
performance, results,
competitive

How well did you know this?

Not at all

Perfectly

Portfolio, program, and project management are aligned with or driven by….

…organizational strategies

How well did you know this?

Not at all

Perfectly

Project management develops and implements p______ to achieve a specific s_____ that is driven by the o______ of the program or portfolio, it is subjected to o____ s_____.

plans
scope
objectives
organizational strategies

How well did you know this?

Not at all

Perfectly

Organizational enablers are s_____, c____, t____, h__r__ practices that support s_____ goals.

Study These Flashcards

structural
cultural
technological
HR practices
strategic goals

A program is a group of r_____ projects, subprograms, and program a______ managed in a c______ w___ to obtain benefits not available f__ m________ t__ i_________.

* related * activities * coordinated way * from managing them individually

Program management is the application of _________ to a program in order to meet the program r______ and obtain benefits and control not available by managing p____ i_______.

* knowledge, skills, tools, and techniques * requirements * projects individually

Projects within program are related through the common o_____ or collective c______

* outcome | * capability

Program management focuses on: - resolving r_______ constraints - aligning o/s_______ direction - resolving i_____ and c___ management

* resolving resource constraints * aligning organizational/strategic direction * resolving issues and change management

A portfolio refers to projects, programs, subportfolios, and operations managed as a group to a____ s______ objectives.

* achieve strategic

Portfolio management refers to the c_______ management of one or more p______ to achieve s____ o_____.

* centralized * portfolios * strategic objectives

Projects are often utilized as a means of directly or indirectly achieving o______ within an organization's s____ p_____.

* objectives | * strategic plan

Projects are typically authorized as a result of one or more of the following strategic considerations:

* market demand * strategic opportunity/business need * social need * environmental consideration * customer request * technological advance * legal requirement

PMO - a Program Management Office is a m______ s_______ that standardizes the project-related g__________ processes and facilitates the sharing of r______, m_______, t___, and t_________.

* management structure * governance * resources * methodologies * tools * techniques

PMO can be

* supportive * controlling * directive

Supportive PMO

consultant

Controlling PMO

compliance

Directive PMO

direct control

Primary function of PMO is to

support project managers to deliver successful projects

PMO support managers by * managing s______ r_____ * Identifying and developing PM m______, b__ p_____, and s______ * coaching, m_____, t_____ * monitoring _______ with PM standards, policies, procedures, and templates by means of p____ a_____ * developing and managing project p_____, p____, templates, and other s______ d______ (opa) * coordinating _____ across projects

* shared resources * methodology, best practices, and standards * coaching, mentoring, training, and oversight * monitoring compliance...by means of project audits * policies, procedures, templates, and other shared documentation (organizational process assets) * communication

The PM focuses on the specified project objectives while PMO manages m_____ p_____ s_____ c______

PMO manages major project scope changes (which my be seen as potential opportunities to better achieve business objectives)

The PM controls the assigned project resources while PMO o______ the use of s_____ org___ r_____ across all the p______.

PMO optmizes the use of shared organizational resources across all projects

The PM manages the constraints of the individual projects while PMO manages the m_____, s_____, o__ r___/o____, m____, and i________ among projects

PMO manages the methodologies, standards, overall risks/opportunities, metrics, and interdependencies among projects at the enterprise level

PMO manages major project scope changes (which my be seen as potential opportunities to better achieve business objectives) while PM focuses on the s____ p_____ o______

PM focuses on specified projects objectives

PMO optmizes the use of shared organizational resources across all projects while The PM controls the a_____ p_______ r_______

The PM controls the assigned project resources

PMO manages the methodologies, standards, overall risks/opportunities, metrics, and interdependencies among projects at the enterprise level while PM manages the c_______ of the i________ p_______

The PM manages the constraints of the individual projects

Operations management is responsible for overseeing, directing, and controlling b______ o______

business operations

Operations are ongoing endeavors that produce r______ o_______

repetitive outputs

Operational stakeholders should be e_______ and their n_____ identified as a part of stakeholder r_______, and their i______( p____ or n_____) should be addressed as a part of the r______ m_____ plan.

...engaged and their needs identified as a part of stakeholder register, and their influence (pos or neg) should be addressed as a part of the risk management plan.

Projects (and progams) are undertaken to achieve s______ b_____ o_____, for which many organizations now adopt formal organizational g______ p_____ and p______.

* strategic business outcomes | * governance processes and procedures

Organizational strategy should provide g______ and d______ to project management.

* guidance and direction

Business value is defined as the e______ v_____ of the b_______; the total sum of all t_____ and i_____ elements.

* entire value of the business | * all tangible and intangible elements

The project manager is the person assigned by the performing organization to l___ the t_____ that is responsible for a_______ the p______ o______

* to lead the team | * responsible for achieving the project objectives

The project manager becomes the link between the s_________ and the t______

* link between the strategy and the team

The project manager possesses following competencies: * K_________ * P_________ * P_________

* Knowledge - what PM knows about project management * Performance - capability to accomplish while applying her/his pm knowledge * Personal - how PM is behaving while performing

PROJECT - temporary: indicates that a project has

a definite beginning and end;

The PROJECT end is reached when

- objectives have been achieved - terminated because objectives will not or cannot be met - client (stakeholder) decides to terminate the project

it is recognized that: - without proper i__________(covers interaction of all the other knowledge areas; this makes everything else work in a coordinated manner) - without good s_________ management and engagement - without understanding project management r____ - and without applying q_______ methods to not only your deliverables, but also your project processes a real project success will be difficult

* integration * stakeholder * risk * quality

Key project management activities are: * Identify r________ * Manage s________ * Balancing c_______ c_________ - s, s, b, r, q, r

* Identify requirements * Manage stakeholders * Extensive communications * Balancing competing project constraints - scope, schedule, budget, risk, quality, resources

10 Project Management Knowledge Areas are - Integration - S______ - H____________ - C______ - S______ - R______ - Q______ - T______ - C______ - P______

- Integration - Stakeholder - Human Resources - Communications - Scope - Risk - Quality - Time - Cost - Procurement

Module 1 Flashcards

(59 cards)