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Management Midterm Concepts
Concepts
90
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Undergraduate 4
10/15/2016

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Term
What are the 5 processes/group phases of project management?
Definition
Initiating
Planning
Execution
Monitoring and Controlling
Closing
Term
What is the purpose of the initiating phase?
Definition
Develop and gain approval of a general statement of the goal and business value of the project.
Term
What does the project charter name?
Definition
The project manager
Term
What is the purpose of the planning phase?
Definition
Identify work to be done and estimate time, cost, and resource requirements, and gain approval.
Term
What is the purpose of the executing phase?
Definition
Recruit the team and establish team operating rules.  Do the work!
Term
At what phase do you begin recruiting human resources?
Definition
Execution
Term
What is the purpose of the monitoring and controlling phases?
Definition
Respond to change requests and resolve problem situations to maintain project progress.
Term
When does monitoring and controlling occur?
Definition
Occurs throughout all 4 other phases.
Term
What is the purpose of the closing phase?
Definition
Assure attainment of client requirements and install deliverables.
Term
What are the 10 knowledge areas?
Definition
Integration Management, Scope Management, Time Management, Human Resources Management, Cost Management, Communication Management, Procurement Management, Risk Management, Quality Management, Stakeholder Management
Term
What are the activities for scope management?
Definition
Collect Requirements
Define Scope
Create Work Breakdown Structure
Verify Scope
Control Scope
Term
What are the activities for time management?
Definition
Define activities
Sequence Activities
Estimate activity resources
Estimate activity duration
Develop schedule
Control schedule
Term
What are the activities for cost management?
Definition
Estimate Cost
Determine Budget
Control Cost
Term
What are the activities for human resource management?
Definition
Develop human resources plan
Aquire project team
Develop project team
Manage Project team
Term
What are the activities for procurement management?
Definition
Plan Procurements
Conduct Procurements
Administer Procurements
Close Procurements
Term
What are the activities for risk management
Definition
Plan Risk Management
Identify Risks
Perform qualitative risk analysis
Perform quantitative risk analysis
Plan risk responses
Monitor and control risks
Term
What are the activities for quality management?
Definition
Plan Quality
Perform Quality Assurance
Perform Quality Control
Term
What are the activities for communication management?
Definition
Identify stakeholders
plan communication
distribute information
manage stakeholder expectations
report performance
Term
What are the three types of organizational structures?
Definition

Functional

Projectized

Matrix

Term
Define functional organization?
Definition
traditional structure in which each functioning department is a separate entity. (ex. engineering, marketing, sales)
Term
Define the advantages and/or disadvantages of a functional organization?
Definition
Each department runs their own operation independent of other departments. Functional managers communicate between different departments. Project managers are held responsible for results even though they have little to say about resource assignments and holding team members accountable for their work.
Term
Define a projectized organizational structure
Definition
Organized around projects, most resources are devoted to projects. Opposite of a functional organization.
Term
What are the advantages of a projectized organizational structure?
Definition
Project managers have a great deal of authority and are full time
Term
Define a matrix organizational structure
Definition
organized into functional departments but a project is run by a project team, with members coming from different functional departments.
Term
Define strong, weak, and balanced matrices
Definition
Strong- closer to projectized. Weak- closer to functional. Balanced- in the middle of strong and weak.
Term
What is a composite organization?
Definition
type of organization that contains elements of all there other organizational structures.
Term
Look at table on page 38
Definition
Term
What does SMART stand for? What are these for?
Definition

SMART Goals/Objectives
Specific
Measurable
Attainable
Realistic
Time Bound
Term
What is the project charter? What are the two main things it does?
Definition
document that formally authorizes a project, which includes naming the project manager and determining the authority level of the project manager.
Term
What is the project charter? What are the two main things it does?
Definition
document that formally authorizes a project, which includes naming the project manager and determining the authority level of the project manager.
Term
When is the project manager assigned?
Definition
After the project charter is passed
Term
Who passes the project charter?
Definition
The project sponsor
Term
What is the project overview statement? What is another name for it?
Definition
More concise version of the project charter. Also called a Statement of Work
Term
What are the components of a POS?
Definition
Problem/Opportunity
Project/Goal
Project/Objectives
Success Criteria
Assumptions/Risks/Obstacles
Term
What is the integrated change control process?
Definition
used to manage changes to the project from project initiation through project closure.
Term
What are the activities of the integrated control process?
Definition
Identify Changes
Process Changes
Manage Approved Changes
Protect the Integrity of the Process
Term
Who approves or rejects change requests?
Definition
Varies with each project
Term
What are the project managers responsibilites in the integrated change control process?
Definition
must monitor changes, update project documents, and provide status updates on changes.
Term
What are the two types of PND Schedules?
Definition
Early Schedule (while still finishing before deadline) aka forward pass
Late Schedule (While still finishing before deadline) aka backwards pass
Term
Know table 3.1
Definition
Term
What is a WBS?
Definition
(Work-breakdown structure)- deliverable-oriented hierarchy of the work that must be performed to accomplish the objectives of and create the deliverables for the project.
Term
What is decomposition?
Definition
breaking down the scope into work packages (high level to low level).
Term
What is the scope baseline composed of?
Definition
comprised of scope document/statement, Work breakdown structure, and work breakdown structure dictionary.
Term
What is the WBS Dictionary?
Definition
supporting document for the main WBS document to provide details about the components of the WBS.
Term
What is MoSCoW?
Definition
Must Haves
Should Have
Could Have
Won’t have
Term
What is scope creep?
Definition
when scope changes are applied without processing them through the change control process.
Term
What are the inputs to the defining activities process?
Definition
Scope baseline (Especially WBS)
Enterprise Environmental Factors
Organizational Process Assets
Term
What are the tools and techniques for the definining activities process?
Definition
Decomposition
Component Planning Such as Rolling Wave Planning
Templates such as activity list templates
Expert Judgement
Term
What are the outputs of the defining activities process?
Definition
Activity List
Activity Attributes
Milestone List
Term
What is rolling wave planning?
Definition
used to plan the project work at various levels of detail depending upon the availability of information.
Term
What is the main output of the defining activities process?
Definition
The activity list
Term
What are the inputs of the sequencing activities process?
Definition
Activity list and activity attributes
Milestone list
Project scope statement
Organizational process assets
Term
What are the tools and techniques of the sequencing activities process?
Definition
Determining Dependencies
PDM
Applying leads and lags
Schedule network templates
Term
What are the outputs of the sequencing activities process?
Definition
Project schedule network diagrams
Updates to project documents such as activity list and register.
Term
What is the precedence diagramming method?
Definition
the method used to construct a project schedule network diagram in a which a box is used to represent an activity, and an arrow is used to represent dependency between two activities. Box containing activity is also called a node. So PDM is also called Activity on the Node (AON).
Term
What are the four precedence relations? Which is the most common? Which is the least common?
Definition
Finish to Start*** most common task relationship
Finish to Finish
Start to Start
Start to Finish— least common
Term
What are the three types of time dependencies?
Definition
Mandatory
Discretionary
External
Term
What are the 3 ways to estimate activity duration?
Definition

Parametric

Analagous

Expert Judgement

Term
How do you determine the three point average?
Definition
Average three scenarios
Term
What is PERT? How do you calculate it?
Definition
Weights most likely scenario by multiplying it by 4. Divide total by 6
Term
What are the two ways to compress a schedule?
Definition
Fasttracking and Crashing
Term
What is fast tracking?
Definition
simultaneously working on tasks
Term
What is crashing?
Definition
adding resources and analyzing cost and schedule tradeoffs
Term
What is the critical path method? What is the critical path?
Definition
schedule network analysis technique to identify the schedule flexibility and duration of the project and the critical path of the project schedule network diagram. Critical path is the LONGEST path.
Term
How do you calculate schedule flexibility?
Definition
measured by calculating the early and late start and finish dates of each activity on each path. (Take the positive difference between the early start date and late start date giving you the float time)
Term
What is the difference between total and free float?
Definition
Amount of time that an activity may be delayed from early start without delaying the project finish date. Free Float - Amount of time a task can be delayed without delaying the early start of its successor
Term
What are three tools for cost estimation and budgeting?
Definition
Analogous estimation – looks at gross values from similar projects
Parametric – if cost of a unit is known, x units costs x times as much
Bottom up – estimate parts, then aggregate
Term
What is contingency reserve?
Definition
is funds or time allocated in addition to the prior estimates to reduce risk arising from identified risks.
Term
What is management reserve?
Definition
is funds or time to reduce risks from unknowns.
Term
What is the earned value technique used for?
Definition
used to assess cost variance.
Term
Describe what SV means when it is positive or negative?
Definition
is positive, we are ahead of schedule, if negative, behind schedule
Term
Describe the meaning of the SPI variable if it is below or greater than 1.
Definition
If SPI>1, ahead of schedule. If SPI<1, behind schedule
Term
What are the three components of the triple constraint?
Definition
Scope
Schedule
Cost
Term
What are the responsibilities of team members?
Definition
Open communication
Good listening skills
Shared goals
Positive outlook
Creativity
Respect for others
Growth and learning
Term
What is a RACI matrix?
Definition

Responsibility Assignment Matrix (RACI)- helps to determine who is ultimately responsible for the work.
Term
What does RACI stand for?
Definition
R= Responsible
A= Accountable
C= Consult
I= Inform
Term
What are the five progressive stages of team development according to the tuckman model?
Definition
Forming
Storming
Norming
Performing
Adjourning
Term
What are the two main goals of human resource planning?
Definition
Identify and document project roles, responsibilities for each role, and reporting relationships among those goals.
Develop the staff management plan
Term
What are the six conflict management approaches?
Definition
Avoidance/withdrawal strategy
Competition/forcing
Compromising/
Accommodation/ Smoothing
Collaboration
Confronting/problem solving
Term
Describe maslows theory
Definition
Maslows- people must have needs at bottom of pyramid first and must gradually work up.
Term
Describe herzberg's theory
Definition
hygiene (must be there, but don’t necessarily bring satisfaction)  and motivating factors
Term
Describe mcclelands theory
Definition
3 needs: need for achievement, need for affiliation, need for power.
Term
Explain mcgregors theory x and y
Definition
Theory X  ( people are not responsible and managers must always oversee) and Y (people are intrinsically motivated)
Term
Explain ouchis theory
Definition
Ouchi- Theory Z (have better relationships with their subordinates
Term
Explain expectancy theory
Definition
people expect something in return
Term
What are the process of project communication management?
Definition
Identify Stakeholders
Plan Communication
Manage Stakeholder expectations
Distribute Information
Report Performance
Term
Look at pages 248-249
Definition
Term
What are the elements of stakeholder management strategy
Definition
Key Stakeholders
For each stakeholder, the level of influence on the project and the level of impact on the stakeholder from the project.
How to manage individual stakeholders
How to manage groups of stakeholders
Term
Distinguish between synchronous and asynchronous communication. Give examples of each.
Definition
Synchronous Communication- phone to phone, face to face

Asynchronous- email, text,
Term
What are the five functions of classical management
Definition
Planning, organizing, commanding, coordinating, controlling.
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