Shared Flashcard Set

Details

Ch 4 Project Integration Management
Unix The Textbook 2nd Edition
29
Management
Undergraduate 2
10/25/2014

Additional Management Flashcards

 


 

Cards

Term
Balanced scorecard
Definition
A methodology that converts an organization’s value drivers to a series of defined metrics.
Term
Baseline
Definition
he approved project management plan plus approved changes.
Term
Business service management (BSM) tools
Definition
Tools that help track the execution of business process flows and expose how the state of supporting IT systems and resources affects end-to-end business process performance in real time.
Term
Capitalization rate
Definition
The rate used in discounting future cash flow
Term
Cash flow
Definition
Benefits minus costs or income minus expenses
Term
change control board (CCB)
Definition
A formal group of people responsible for approving or rejecting changes on a project.
Term
Change control system
Definition
A formal, documented process that describes when and how official project documents may be changed.
Term
Configuration management
Definition
A process that ensures that the descriptions of a project’s products are correct and complete.
Term
Cost of capital
Definition
The return available by investing capital elsewhere.
Term
Directives
Definition
New requirements imposed by management, government, or some external influence.
Term
Discount factor
Definition
The rate used in discounting future cash flow;
Term
Integrated change control
Definition
Identifying, evaluating, and managing changes throughout the project life cycle.
Term
Interface management
Definition
Identifying and managing the points of interaction between various elements of a project.
Term
Internal rate of return (IRR)
Definition
The discount rate that results in an NPV of zero for a project.
Term
Mind mapping
Definition
A technique that uses branches radiating from a core idea to structure thoughts and ideas.
Term
Net present value (NPV) analysis
Definition
A method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time
Term
Opportunities
Definition
Chances to improve an organization.
Term
Opportunity cost of capital
Definition
The rate used in discounting future cash flow
Term
organizational process assets
Definition
Formal and informal plans, policies, procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information that can influence a project’s success.
Term
Payback period
Definition
The amount of time needed to recoup the total dollars invested in a project, in terms of net cash inflows.
Term
Problems
Definition
Undesirable situations that prevent an organization from achieving its goals.
Term
Project charter
Definition
A document that formally recognizes the existence of a project and provides direction on the project’s objectives and management.
Term
Project integration management
Definition
Processes that coordinate all project management knowledge areas throughout a project’s life, including developing the project charter, developing the preliminary project scope statement, developing the project management plan, directing and managing the project, monitoring and controlling the project, providing integrated change control, and closing the project.
Term
Project management plan
Definition
A document used to coordinate all project planning documents and guide project execution and control.
Term
Required rate of return
Definition
The minimum acceptable rate of return on an investment.
Term
Return on investment (ROI)
Definition
A method for determining the financial value of a project; the ROI is the result of subtracting the project costs from the benefits and then dividing by the costs.
Term
Strategic planning
Definition
Determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunities and threats in the business environment, predicting future trends, and projecting the need for new products and services.
Term
SWOT analysis
Definition
Analyzing Strengths, Weaknesses, Opportunities, and Threats; used to aid in strategic planning.
Term
Weighted scoring model
Definition
A technique that provides a systematic process for selecting projects based on numerous criteria.
Supporting users have an ad free experience!