Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
18 Cards in this Set
- Front
- Back
|
Project |
A temporary endeavor, with a start and end time; creating a new product, service or result. |
|
|
Stakeholders |
Any persons or organizations whose interest can have a negative or positive influence on the project |
|
|
Project management |
The systematic process of managing Project work efficiently and effectively to deliver planned results by using one's organizational, strategic and interpersonal skills. |
|
|
Predictive |
Project management development approach where requirements and scope may be defined in detail early in the project. Also known as planned-driven, traditional, or waterfall. |
|
|
Agile |
A project management development approach where the development of the project scope is emerging. Planning, executing and managing is done incrementally as info about the product and the project's needs changes. |
|
|
Program management |
Grouping of related projects to realize benefits that wouldn't otherwise exist if projects were managed individually - ie decrease risk or cost |
|
|
Portfolio |
Programs and projects and related operational work grouped to achieve a specific strategic business goal. Result in optimized use of resources, enhanced benefits for organization, and reduces risk. |
|
|
OPM |
Provides direction for how potfolios, programs, projects and other organizational work should be prioritized, managed, executed and measured to best achieve strategic goals and desires benefits. |
|
|
PMO |
A department within an organization that oversees and standardizes the management of projects |
|
|
Supportive PMO |
Provides the policies methodologies, templates and Lessons Learned for managing projects within the organization. Typically with low level of control |
|
|
Controlling PMO |
Provide support and guidance on how to manage project, trains others in project management and project management software, assists with specific project management tools, and ensures compliance with organizational policies. Moderate control level |
|
|
Directive PMO |
High level of control. Provides project managers for different projects and is responsible for the results for those project. |
|
|
Organizational governance |
The overall structure of the organization. Includes the policies in the procedures on how work will be performed to meet strategic goals and to support organizational operations and decision-making |
|
|
Project governance |
Systems that ought to be in place to determine that projects are in agreement with organizational governance |
|
|
Organizational structure |
Informs the project manager's level of Authority. |
|
|
PMIS |
EEF. Includes automated tools such as scheduling software, a configuration management system, shared work spaces for file storage and distribution, work authorization software, time tracking software, and procurement management software |
|
|
Project selection methods |
RIO PV NPV IRR PAY BACK PERIOD COST - BENEFIT ANALYSIS |
|
|
Working capital |
Orgs current assets minus current liabilities |
