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15 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What is the formula for present value?
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PV= FV/(1+R)n
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__________ meetings are used to create the risk management plan
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Planning
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The project manager, project team leaders, key stakeholders, and other individuals with the power to make decisions regarding risk management attend the meetings.
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Type of contract which provides for payment of allowable incurred costs, to the extent prescribed in the contract.
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Cost-Reimbursable contracts
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Define Operational Work
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Work that is ongoing and repetitive, and meant to sustain business.
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What is PMBok definition of Project Management
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The application of knowledge, skills, tools, and techniques to project activities, to meet project requirements.
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Three things involved in managing a project
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1) Identify requirements and establish clear objectives
2) Manage competing priorities 3) Meeting stakeholder expectations. |
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Define a triple constraint
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Scope, Time and cost
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Define Project stakeholder
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An individual or organization.
They have a vested interest in the project. |
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Define program
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A group of related projects coordinated together.
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Define program management
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The centralized management of projects within a program with the purpose of achieving program objectives.
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Define Program Manager
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Individual managing program
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Define Portfolio Management
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A group of projects or programs that have been grouped together to meet a specific and strategic business objective.
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Define PMO
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Project Management Office
Centralized unit within an organization to provide management of projects and programs. |
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What are the 5 areas of expertise for the Project Manager?
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1) PMBok
2) Application Area knowledge , standards and regulations. 3) General Management skills 4) Interpersonal skills 5) Project environment |
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What are 3 examples of interpersonal skills for a project manager?
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* Communication skills
* Leadership skills * Motivating skills * Negotiation and conflict management skills * Planning and orgnaization skills * Problem solving skills |
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