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18 Cards in this Set
- Front
- Back
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A project is a temporary endeavor to create? |
a unique product, service or result. |
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Projects are temporary which means... |
there is a definite beginning and end. |
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How can a project come to an end? |
1. Objectives have been reached 2. project is terminated because objectives will not or cannot be met 3. need for the project no longer exist 4. client terminates or wishes to terminate the project |
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temporary refers to ? |
a projects engagement and longevity |
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True or False The outcome of a project can be tangible or intangible. |
True |
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Projects can create? |
1. a product, an enhancement, or a component of another product 2. service or capability 3. improvement in existing products or service lines 4. result like an outcome or document. |
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A portfolio is a collection of? |
projects, programs, sub-portfolios and operations managed as a group |
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Define Project Management |
application of knowledge, skills, tools, and techniques to meet project requirements |
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How is project management accomplished? |
47 processes categorized under 5 process groups. |
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What are the 5 process groups? |
Initiating Planning Executing Monitoring and Controlling Closing |
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True or False If one project constraint is changed then the others will not be affected. |
False, at least one other factor is likely to be affected. |
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Organizational Project Management (OPM) is? |
a strategy execution framework utilizing project, program, and portfolio management. |
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Portfolio, project and programs are aligned/driven by Differ by |
organizational strategies. the ways they contribute to achieving strategic goals |
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How does portfolio management align with org. strategies? |
by selecting, prioritizing, and providing resources for programs and projects. |
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Program management aligns with org. strategies by.. |
harmonizing projects and program components controls interdependence in order to realize benefits. |
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Project management aligns with org. strategies by.... |
developes and implements plans to achieve a scope driven by objectives in a program or portfolio. |
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A program is defined as |
a group of related projects, subprograms, and program activities. Coordinated in a way to obtain benefits no available from managing them individually. |
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