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16 Cards in this Set

  • Front
  • Back
Project
A project is “a temporary endeavor undertaken to create a unique product, service, or result
Project Managers
Project managers work with project sponsors, a project team, and other people involved in a project to meet project goals
Program
Program: group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually
Project management
Project management is “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”
Triple constraint
Project managers strive to meet the triple constraint by balancing project scope, time, and cost goals
Stakeholders
Stakeholders are the people involved in or affected by project activities
Knowledge area
Knowledge areas describe the key competencies that project managers must develop
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Four core knowledge areas lead to specific project objectives (scope, time, cost, and quality)
Four facilitating knowledge areas are the means through which the project objectives are achieved (human resources, communication, risk, and procurement management
Project management tools and techniques
Project management tools and techniques assist project managers and their teams in various aspects of project management
Program manager
A program manager provides leadership and direction for the project managers heading the projects within the program
Portfolio Managers
As part of project portfolio management, organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise’s success
Portfolio managers help their organizations make wise investment decisions by helping to select and analyze projects from a strategic perspective
Best Practice
A best practice is “an optimal way recognized by industry to achieve a stated goal or objective”*
leader
A leader focuses on long-term goals and big-picture objectives while inspiring people to reach those goals
manager
A manager deals with the day-to-day details of meeting specific goals
Manhattan Project
Most people consider the Manhattan Project to be the first project to use “modern” project management
PMP
PMI provides certification as a Project Management Professional (PMP)
Ethics
Ethics, loosely defined, is a set of principles that guide our decision making based on personal values of what is “right” and “wrong”