Pmi Performance Domain 1: Initiating The Project

Front 1

Program Management

Back 1

This is the centralized, coordinated process of managing a program in accordance with the business' strategic objectives.

Front 2

Portfolio Management

Back 2

This is the effective management of programs and independent projects to achieve strategic goals of an organization.

Front 3

Operations Management

Back 3

This is the management of resources and processes involved in producing and delivering products and services.

Front 4

Agile Project Management

Back 4

This refers to taking an iterative approach to managing a project throughout its life cycle.

Front 5

Business Requirements

Back 5

These are the pressing organizational needs or market stimuli that drive decision-makers to sponsor projects and to prioritize competing projects.

Front 6

Project Selection

Back 6

This is the act of choosing a project from among competing proposals.

Front 7

Project Selection Criteria

Back 7

These are the standards and measurements an organization uses to select and prioritize projects.

Front 8

Qualitative Criteria

Back 8

This deals with the project's fit with the organization's capabilities.

Front 9

Quantitative Criteria

Back 9

These specify financial targets that the project must meet.

Front 10

Project Selection Methods

Back 10

These are any systematic approaches that decision-makers use to analyze the value of a proposed project.

Front 11

Project Selection Decision Model

Back 11

This providea a framework for comparing competing project proposals by helping decision-makers compare the benefits of one project alternative with another.

Front 12

Capital Budgeting

Back 12

This helps senior executives make determinations about when and whether to make significant investments in capital expenditures such as new equipment, machinery and facilities.

Front 13

Scoring and Rating Systems:
Decision Tree

Back 13

Selection criteria are arranged along the branches of a tree flowchart. If the project fails to meet any one criterion it is removed from consideration.

Front 14

Scoring and Rating Systems:
Criteria Profiling

Back 14

Much like Decision Tree but the project will continue to be considered, even if it fails some of the criteria. It is then scored by the number of criteria met.

Front 15

Scoring and Rating Systems:
Weighted Factor

Back 15

Much like Criteria Profiling but different criteria may be weighted and factored into the scoring.

Front 16

Scoring and Rating Systems:
Q-Sorting

Back 16

Groups of people are given cards with projects on them which are sorted by order of importance of high, medium and low priorities.

Front 17

Scoring and Rating Systems:
Delphi Technique

Back 17

This allows remotely located experts to remain anonymous yet still participate in group decision-making. Project is rated on a 1 to 10 scale along with reasons.

Front 18

Cost Benefit Analysis

Back 18

This presents a project's estimated costs alongside its predicted benefits to help decision-makers make informed decisions about project selection.

Front 19

Project Statement of Work (SoW)

Back 19

This is a document that describes the products or services that the project will supply, defines the business need that it is designed to meet and specifies the work that will be done during the project.

Front 20

Project Charter

Back 20

This is a document that provides a clear, concise description of the business needs that the project is intended to address.

Front 21

Develop Project Charter Inputs

Back 21

- Project Statement of Work
- Business Case
- Contract (for external customer)
- Enterprise Environmental Factors
- Organizational Process Assets

Front 22

Business Case

Back 22

This is a brief document that justifies the investments made for the project and describes how a particular investment is in accordance with the organization's policy.

Front 23

Identify Stakeholders Process

Back 23

This is where the project manager identifies all stakeholders that are impacted by the project and documents information that is relevant regarding their interests, involvement and impact on project success.

Front 24

Stakeholder Analysis

Back 24

This is the formal process of identifying all of the stakeholders of a project by gathering and analyzing quantitative and qualitative information and building coalitions at the onset of a project.

Front 25

Stakeholder Register

Back 25

This is a document that identifies stakeholders of a project with information that includes their identification, assessment and stakeholder classification.

Front 26

Stakeholder Analysis Matrix

Back 26

This is a document that describes the strategies used to used to manage the stakeholders of a project.

Front 27

Stakeholder Management Strategy

Back 27

This is a management strategy that is created to ensure maximum support and to minimize the negative impacts of stakeholders throughout the entire project life cycle.