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12 Cards in this Set
- Front
- Back
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What is a Project?
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A temporary endeavor (pursuit) undertaken to create a unique product, service, or result - A clear beginning and ending point - New and has not been done before - Produces a product, service, or result |
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Project vs. Operations
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Project: Predetermined term of time, definitive end time Operations: Continues indefinitely, core business functions |
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Purpose of projects?
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- Market Demands - Organizational needs (internal processes) - Customer requests - Technological advances - Legal Requirements |
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What is project management?
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The application of knowledge, skills, tools & techniques to project activities to meet the project requirements -Taking knowledge, skills, and techniques and applying them to the daily tasks in projects to reach a common and end goal |
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PMBOK
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Project Management Body of Knowledge - Project management best practices (document) - A FRAMEWORK (Not a Methodology) - Recognized by the American National Standards Institute |
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What is the role of a Project Manager
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Satisfy the needs of: - Team and Task needs - Individual needs - Bridge the project needs and the human captial |
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What are the competencies of a Project Manager?
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Knowledge Performance Personal and Interpersonal skills Leadership General Management skills |
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What are the 5 Project Constraints? (Competing project constraints) |
obstacles to completing the project goal or tasks - Time - Cost(s) - Scope (how much work can be completed in budget and the timeframe) - Quality (expected standards) - Risk(s) (Untested/Newer technology) - Resources (Availability) |
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What is Program Management?
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The management over various projects
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What is Portfolio Management?
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Management of all endeavors of the company
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What is the Project Management Office (PMO)?
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A structure within an organization that seeks to standardize processes and policies - Standardizes governance - Can provide or share resources, tools, etc. - Varying forms: Supportive, Controlling, Directive |
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What are the functions of the PMO?
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- Training (Project Managers, Executives, etc.) - Resource allocation and coordination - Methodology (updating tools and process documents) - Document Repositroy - Project management oversight (managing project managers) - Standards - Career Management - Managing overall risk and opportunity for all company projects |
