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20 Cards in this Set
- Front
- Back
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What are the 6 main processes involved in project integration? |
1. Developing a project charter 2. Developing the project management plan 3. Directing and managing project execution 4. Monitoring and controlling project work 5. Performing integrated change control 6. Closing the project or phase |
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What is interface management? |
identifying and managing the points of interaction between various elements of the project. |
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What is strategic planning? |
Determining long-term objective by analyzing the strength and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting need for new projects |
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What does SWOT stand for? |
Strength, Weaknesses, Opportunities, Threats |
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5 common techniques for selecting projects |
-Focusing on broad organizational needs -Categorizing information technology projects -Performing net present value or analysis -Using a weighted scoring model -Implementing a balanced scorecard |
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T/F: Projects that address broad organizational needs are more likely to be successful |
True |
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3 criteria for selecting projects based on broad organizational needs |
-Funding -Will -Need |
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T/F: The impetus for a project is often to respond to a problem, opportunity, or directive |
True |
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What is Net Present Value (NPV) |
Method of calculating all monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time |
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What's the technical definition of ROI? |
the result of subtracting the project costs from the benefits and then dividing by the costs |
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What is the payback period? |
The amount of time it will take to recoup the total dollars invested in a project |
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What is a weighted scoring model? |
A tool that provides a systematic process for selecting projects based on many criteria |
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What is a project charter |
The document that formally recognizes the existence of a project and provides direction the project's objectives and management |
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What is a project management plan? |
a document used to coordinate all project planning documents and help guide a project's execution and control |
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What is a project baseline? |
The project management plan and any approved changes |
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What is integrated change control? |
identifying, evaluating, and managing changes throughout the project life cycle |
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Define change control system |
A formal, documented process that describes when and how official project documents may be changed |
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Define change control board |
a formal group of people responsible for approving or rejecting changes to a project |
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Define configuration management |
Ensures that the descriptions of the project's products are correct and complete |
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What is a drawback of a change control board? |
It can be slow, meeting only once or twice a month |
