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9 Cards in this Set

  • Front
  • Back

What are the project management advantages ?

 Better control of financial, physical, and human resources
 Improved customer relations
 Shorter development times
 Lower costs
 Higher quality and increased reliability
 Higher profit margins
 Improved productivity
 Better internal coordination
 Higher worker morale


WHAT IS A PROJECT ?

A
project is “a temporary endeavor undertaken to create a unique product, service, or
result.”5
Operations, on the other hand, is work done in organizations to sustain the
business.Projects are different from operations in that they end when their objectives
have been reached or the project has been terminated

Examples of Projects


A young couple hires a firm to design and build them a new house.
 A retail store manager works with employees to display a new clothing line.
 A college campus upgrades its technology infrastructure to provide wireless
Internet access.
 A construction company designs and constructs a new office building for a
client.
 A school implements new government standards for tracking student
achievement
 A group of musicians starts a company to help children develop their
musical talents
 A pharmaceutical company launches a new drug
 A television network develops a system to allow viewers to vote for
contestants and provide other feedback on programs.


 The automobile industry develops standards to streamline procurement.
 A government group develops a program to track child immunizations.

What are Project Attributes ?

 A project has a unique purpose.


 A project is temporary.


 A project is developed using progressive elaboration or in an iterative fashion.


 A project requires resources, often from various areas.


 A project should have a primary customer or sponsor.


 A project involves uncertainty.

what are the Project Constraints ?

Scope.


Time.


Cost.


Quality.


Risk.


Explain Project Constraints ?

 Scope: What work will be done as part of the project? What unique product,
service, or result does the customer or sponsor expect from the project?
 Time: How long should it take to complete the project? What is the project’s
schedule?
 Cost: What should it cost to complete the project? What is the project’s
budget? What resources are needed?
Other people focus on the quaduple constraint, which adds quality as a fourth constraint.
 Quality: How good does the quality of the products or services need to be?
What do we need to do to satisfy the customer?
The PMBOK® Guide, Fourth Edition suggests these four constraints plus risk.
 Risk: How much uncertainty are we willing to accept on the project?

WHAT IS PROJECT MANAGEMENT ?

Project management is “the application of knowledge, skills, tools and techniques to
project activities to meet the project requirements.”6
Project managers must not only
strive to meet specific scope, time, cost, and quality requirements of projects, they must
also facilitate the entire process to meet the needs and expectations of the people
involved in or affected by project activities

What are Project Stakeholders ?

Stakeholders are the people involved in or affected by project activities and include the
project sponsor, project team, support staff, customers, users, suppliers, and even
opponents to the project. These stakeholders often have very different needs and9
expectations. For example, there are several stakeholders involved in a home
construction project.

Project Stakeholders Examples :

1-The project sponsors.


2-The project manager.


The project team.


3-Support staff might include the employers of the homeowners.


4-Building a house requires many suppliers.


5-Additional stakeholders would include the city council and mayor