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14 Cards in this Set
- Front
- Back
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Organizational Project Management (OPM) |
Strategy for executing the framework utilizing: Project, Program, & Portfolio management for the purposes of producing better performance and strategy planning |
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Portfolio Managment |
A collection of projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives |
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Program Management |
grouped with a portfolio and comprised of subprograms, projects, and other work that are managed in a coordinated fashion in support of the portfolio |
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Project Management |
either within or outside of a program are still considered part of a portfolio |
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Project Management (PM) |
Knowledge, skills, tools, and techniques to project activities to meet the project requirements |
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# of logically grouped project management processes |
47 |
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Project Management processes are grouped in X number of Process Groups |
5 (Initiating, Planning, Executing, Monitoring & Controlling, & Closing) |
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Competing project constraints include: |
Scope, Quality, Schedule, Budget, Resources, & Risk |
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Projects are typically authorize as a result of one or more strategic considerations: |
Market Demand Strategic Opportunity Social Need Environmental Customer Request Technological Advancement Legal Requirement |
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Three types of PMO structures in an organization include: |
Supportive Controlling Directive |
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Supportive PMO structure |
Provide consultative role by supplying templates, best practices, and lessons learned |
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Controlling PMO Structure |
Provide support and require compliance through various means. |
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Directive PMO Structure |
Controls complete managing of projects |
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Business Value |
Total sum of tangible and intangible elements |
