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24 Cards in this Set

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  • Back
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Triple Constraint
Scope, Time and Cost
STC
What is Scope?
What work will be done as part of the project? What unique product, service, or result does the customer or sponsor expect from the project?
What is Time?
How long should it take to complete the project? What is the project’s schedule?
What is Cost?
What should it cost to complete the project? What is the project’s budget?
What is WBS?
Work Breakdown Structure
What is a project?
A temporary endeavor undertaken to create a unique product, service or result.
Project Attributes
1. Unique Purpose
2. Temporary
3.Developed using progressive Elaboration
4. Requires resources
5. Have a primary customer or sponsor
6.Uncertainty
Project Attributes
Unique Purpose
Every Project should have a well-defined objective
Project Attributes
Temporary
A project has a definite beginning and a definite end.
Project Attributes
Progressive elaboration
Projects are often defined broadly when they begin, and as time passes, the specific details of the project become clearer.
Project Attributes
Requires resources
Resources include people, hardware, software, or other assets.
Projects Attributes
Primary Customer or Sponsor
Most projects have many interested parties or stakeholders
Project Attributes
Uncertainty
Because every project is unique, it is sometimes difficult to define its objectives clearyly, estimate how long it iwll take to complete, or determine how much it will cost.
What is successful project management?
Means meeting all three goals(scope, time, and cost) - and satisfying the project's sponser!
What is Project Management
Is "the appliation of knowledge, skills, tools and techniques to project activities to meet project requirements.
Project Stakeholders
are the people involved in aor affected by project activities and include the project sponser, project team, support staff, customers, users, suppliers, and even opponents of the project
Four Core Knowledge areas of PM
Scope, time, cost and quality management
The four facilitating Knowledge areas of PM
Human resources, communications management, risk management and procurement management
Nine Knowledge Areas
Scope, Time, Cost, Quality, Human resource, communications, risk management, procurement and integration
systems approach
an analytical approach to solving complex problems that includes using: systems philosophy, systems analysis, and systems management.
systems philosophy
model for thinking about things as systems.
Systems
are sets of interacting components working within an environment
to fulfill some purpose.
Systems analysis
is a problem-solving
approach that requires defining the scope of the system, dividing it into its components,
and then identifying and evaluating its problems, opportunities,
constraints, and needs.
Systems management
addresses the
business, technological, and organizational issues associated with creating,
maintaining, and making a change to a system.