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10 Cards in this Set
- Front
- Back
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what is a project |
a temporary endeavor undertaken to create a unique product, service, or result. |
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a project is limited by (4 things) |
time, budget, resources, performance |
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main characteristics of a project |
-established objective -defined life span with beg and end -requires across the org participation -involves doing something never done before -specific time, cost, performance requirements |
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what is a program |
a group of coordinated, related, multiple projects that continue over an extended time and are intended to achieve a common goal |
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4 stages of a project life cycle |
1. defining 2. planning 3. executing 4. closure |
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project process groups (5) |
1. initiating 2. planning 3. executing 4. monitoring & control 5. closing |
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a project manager manages temporary, ________ activities, and acts _____________ of the formal org |
non-repetitive; independently |
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integrated management projects involves 3 parts |
1. strategic alliance 2. portofolio mgmt 3. project mgmt |
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what is a portfolio |
a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives |
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factors leading to the increase use of project mgmt |
-compression of the project life cycle -knowledge explosion -triple bottom line (people, planet, profit) -corporate downsizing -increased customer focus -small projects represent big problems |
