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20 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What is a standard?
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A formal document that describes established norms methods processes and practices
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What is a project?
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A temporary endeavor undertaken to create a unique product service or result
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It has a definite beginning and end
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What is a portfolio?
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Refers to a collection of projects programs sub portfolios and operations manage as a group to achieve strategic objectives
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What is a program?
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Programs are grouped within a portfolio and are made up of subprograms, projects, or other work
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What is project management?
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It is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements
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Name the five process groups
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1. Initiating 2. Planning 3. Executing 4. Monitoring and controlling 5. Closing
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What is progressive elaboration?
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Continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available
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What is OPM?
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Operational project management. Is a strategy execution framework utilizing project program and portfolio management as well as organizational enabling practices to consistently and predictably deliver organizational strategy producing better performance better results if they Noble competitive
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How do portfolio, program, and project management align with organizational strategies?
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1. Portfolio management aligns by selecting the right programs or projects and prioritizing work and resources 2. Program management harmonizes its projects and programs that controls interdependencies to realize specified benefits 3. Project management develops and implements plans to achieve a specific scope
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What is program?
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Program is defined as a group of related projects, subprograms, program activities managed in coordinated way to obtain benefits not available for managing them individually
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What is program management?
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It is the application of knowledge, skills, tools, and techniques to program in order to meet the program requirements and obtain benefits and control not available by managing projects individually
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What is PMO?
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A management structure that standardizes the project related governance processes and facilitates the sharing of resources, methodologies, tools, and techniques
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What are the three types of PMO structures?
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Supportive - low degree of control
Controlling - moderate degree of control Directive - high degree of control |
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is operations management covered in PMBOK?
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No
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What is a PBO?
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Various organizational forms that create temporary systems for carrying out their work. They may diminish the hierarchy and bureaucracy inside the organization because work is measured by the final result and not position or politics
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What is business value?
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It is defined as the entire value of the business semicolon the total sum of all tangible and intangible elements
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Give examples of some tangible business value elements
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Monetary assets, fixtures, stockholder equity, utility
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Give some examples of intangible business value elements
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Goodwill, brand recognition, public benefit, trademarks
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Name the project management competencies
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Knowledge, performance, personal
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What do effective project managers require a balance of?
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Ethical, interpersonal, and conceptual skills that help them analyze situations and interact appropriately
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