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7 Cards in this Set
- Front
- Back
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What is a PROJECT? |
A PROJECT is a temporary endeavor undertaken to create a unique Product, Service or Result. Projects are different from Operations in that they end when their objectives have been reached or when the project has been terminated. |
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What is OPERATIONS? |
OPERATIONS is work in organizations to sustain the business. |
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What are the Triple Constraints? |
Every project is constrained in different ways by its Scope, Time and Cost goals. |
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Who are the 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 and expectations, which must be managed to attain project success. Successful project managers develop good relationships with project stakeholders to understand and meet their needs and expectations. |
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What is PROJECT MANAGEMENT? |
Project Management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Time management Cost management Quality management Change management Risk management Issue management |
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What is the Project Life Cycle? |
The Project Life Cycle is a collection of generaly sequential and sometimes overlapping project phases. It provides the basic framework for managing a project:
1. Project Initiation. 2. Organizing and preparing. 3. Carrying out the project work. 4. Closing the project. |
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Life Cycle |
■ Project Initiation Business problem/opportunity Business case w/ various solutions Feasibility studies Final recommendation Approval Project Charter Project manager appointed PM appoints other team members |
