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24 Cards in this Set
- Front
- Back
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What is the definition of a project?
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"Temporary. Creates a unique product, service or result"
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What is Operational Work?
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Ongoing work to support the business and systems of the ogranizations
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What is the definition of a program?
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"A group of interrelated projects, managed in a coordinated way"
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What is the definition of a portfolio?
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"A group of programs, individua projects, and related operational work to achieve a specific business goal"
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What is organization project management (OPM)?
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A framework for keeping the organization focused on its overall strategy
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What are the benefits of OPM?
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"Provides direction for how portfolios, programs, projects and other organization work should be proritized, managed, exeucted and measured to best achieve the firms strategic"
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What is OPM3?
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A PMI model designed to help organization determine their level of maturity in project management
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What is a project management office (PMO)?
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A department that centralizes and standardizes the management of projects
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What are three possible formats for a PMO?
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"Supportive, Controlling and Directive"
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What are project constraints?
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"Time, Cost, Risk, Scope, Quality, Resources and Customer Satisfaction. Constraints are used to help evalute competing demands"
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Who are project stakeholders?
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"Anyone whose interests may be positively or negatively impacted by the project including: Project Manager, Customer, Sponsor, Perfoming oranization, other deparments or grops within the organization, team members, team members functional or operational managers, sellers, funding sources, end users, PMO"
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What are three primary forms of organizational structure?
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"Functional, Projectized and Matrix"
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What is a functional organization?
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"The organization is group by areas of specialization (e.g. accounting, marketing)"
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What is a projectized organization?
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The ogranization is grouped by project. The team has no department to go to at project end. The project manager hs total control of the resources.
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What is a matrix organization?
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A blend of functional and projectized organization where the team members have two bosses (the project manager and the funtional manager)
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What is a strong matrix organization?
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A matrix organization where the balance of power rests with the project manager instead of the funtional manager
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What is a weak matrix?
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A matrix organization where the balance of power rests with the functional manager
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What is the role of the project manager in a weak matrix?
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A project expediter or project coordinator
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What is a balanced matrix organization?
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A matrix organization where power is equally balanced between the project namager and the functional manager
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What is a project -based organization?
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A temporary framework for projects created to circumvent any obstacles inheret in the organzation's existing structure (wheter functional, projectized or matrix)
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What are enterprise environmental factors
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The organizations' culture and existing systems that the project will have to deal with or can make use of. They are used throughout the project management process.
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What are the organziaitonal process assest?
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Company processes and procedures, Historical Information, Lessons Learned.They are used throughout the project management process
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What is historical information?
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Records of past project including lesson learned, used to plan and manage future projects. Records of current projects that will become part of orgainzation process assets
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What is a project management Information System?
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The outomated system to submit and track chancges and montor and control project activities
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