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15 Cards in this Set
- Front
- Back
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APPLICATION AREAS
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These are the areas of business, industry, and trade about which the project manager may need special knowlege. Common application areas include legal issues, engineering information, and manufacturind information.
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PROGRAMS
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A collection of related projects working in alignment towards a common cause.
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PROJECT PORTFOLIO MANAGEMENT
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Is a management process to select the projects that should be invested in. Specifically it is the selection process based on the need, profitability, and affordability of the proposed projects.
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DELIVERABLE
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The outcome of a project or project phase; a deliverable of a project can be a product or a service.
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PROGRESSIVE ELABORATION
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The process of providing or discovering greater levels of details as the project moves towards completion.
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SUBPROJECTS
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A Subproject exists under a parent project but follows its own schedule to completion. Subprojects may be outsources, assigned to other project managers, or managed by parent project mnagers but with a different project team.
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MANAGEMENT BY PROJECTS
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This approach characterizes organizations that manage their operations as projects. These project-centric entities could manage any level of their work as a project. These organizations apply general business skills to each project to determine their value, efficiency and ultimately Return On Investment(ROI)
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PROJECT
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It is a temporary endeavour to create a unique produce or service.
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WORK BREAKDOWN STRUCTURE(WBS)
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The WBS is a deliverable oriented collection of project componenets. The work that isn't in the WBS isn't in the project. The point of WBS is to organize and define the project scope.
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MILESTONE
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The deliverable of each project phase is a milestone.
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PROJECT MANAGEMENT FRAMEWORK
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The structure and fundamentals of project management. The project management is composed of nine knowledge areas.
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PROJECT MANAGEMENT
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Project Management is the mangement of multiple projects all working in unison toward a common cause.
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PMBOK GUIDE
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Project Management Body of Knowlege which includes all knowledge and practices within the endeavour of project management.
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PROJECT MANAGER
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The individual accountable for all aspects of a project.
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MANAGEMENT HORIZON
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Is the point in the future when the project will earn back the original investment and start creating new profits for the organization.
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