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10 Cards in this Set

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Functional structure
Functional structure An organizational structure that groups staff members according to their area of expertise (sales, marketing, construction, and so on). Functional structures require the project team members to report directly to the functional manager. In this type of structure, the project manager’s authority and decision-making ability is less than the functional manager’s.
Key management skills
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Kill point
The end of the project phase where the project can be terminated on the basis of the experiences of the previous phase or the outcome of the project phase.
Matrix structure
Matrix structures An organizational structure. There are three matrix structures: weak, balanced, and strong. The different structures are reflective of the project manager’s authority in relation to the functional manager’s authority.
Product life cycle
The duration of the project, composed of all the individual project phases within the project.
Project life cycle
Project life cycle The duration of the project, composed of all the individual project phases within the project.
Project office
A project management office organizes and manages control over all projects within an organization.
Project phases
Project phases Projects are broken down into manageable sections. A project phase is the logical segmentation of the work to an identifiable point within the project. Phases can be viewed as completion of work to a specified date, the actual completion of work, or other milestone.
Projectized structure
Projectized structure An organizational structure where the project manager has the greatest amount of authority. The project team is assigned to the project on a full-time basis. When the project is complete, the project team members move on to other assignments within the organization.
Stakeholders
Stakeholders The individuals, groups, and communities that have a vested interest in the outcome of a project. Examples include the project manager, the project team, the project sponsor, customers, clients, vendors, and communities.