Term
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Definition
| temporary endeavor undertakend to create unique product |
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Term
| Process Managment Process Groups |
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Definition
| Initiating Concept, Planning, Monitoring & Controlling, Executing & Closing |
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Term
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Definition
| Define a new project or phase |
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Term
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Definition
| Establish total scope & develop a course of action |
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Term
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Definition
| Complete work defined in PM plan |
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Term
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Definition
| Track, review and regulate the progress |
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Term
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Definition
| Formally complete project phase or contract |
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Term
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Definition
| Phase, exits, toll gates, phase gates & kill points (negative). |
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Term
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Definition
| Collection of projects of programs and other work that are grouped together to meet stargic business objectives. |
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Term
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Definition
| Group of related projects managed in a coordinated way to obtain benefits and control unavailable by managing them individually. |
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Term
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Definition
| Application of knowledge skills, tools & techniques through IPECC. |
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Term
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Definition
| Standardized set of automated tools and tecniques used to gather integrate and distribute the outputs of PM |
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Term
| HR Concepts - Decision Making or Leadershipt Styples |
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Definition
| Autocratic, Bureaucratic, Democratic, Coin Flip, Laissez-Faire |
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Term
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Definition
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Term
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Definition
| Pursuating, consultie.....PM solicits opinion from selected team member. |
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Term
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Definition
| Opwn siaxuaaion, team help to make decision. |
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Term
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Definition
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Term
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Definition
| Free rein, team has authroity, hands off attitude. |
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Term
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Definition
| Defining and documenting stakeholder needs and expectations in adequate detail. |
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Term
| Group Decision Making Techniques |
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Definition
- Majority > 50%
- Unanimity (everyone agrees)
- Plurality (largest block, may or may not be majority).
- Dictatorship - one individual decision |
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Term
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Definition
Program Manager - related projects in a coordinated way
Portfolio Manager - Collection of projects/programs.
Functional Manager - Assigns personnel
Operations Manager - Produces and maintains saleable products/services |
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Term
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Definition
| Subdividing the project work packages into smaller more manageble components called activities. |
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Term
| Rolling Wave Planning (SD) |
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Definition
Form of progressive elaboration planning
- Work needed to be completed in the near term is planned in detail while future work is planned at a hight level of WBS. |
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Term
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Definition
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Term
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Definition
| Doing Activities in parralell (high risk) |
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Term
| Ewaouexw Lwcwling (SD-Time) |
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Definition
- Keeps resource usage at a constant levwl or
- Allocation of scarce resources to critical path activities first.
- Often results in longer project duration |
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Term
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Definition
| Shows interrelationship between activities (used by team). |
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Term
| Bar Charts / Gantt Charts |
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Definition
| Show activity start/end dates, duration (used my middle management). |
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Term
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Definition
| Shows targets or goals to be achieved (Used by senior mgt and customers). |
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Term
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Definition
| Developed from project schedule based on network analysis of the schedule model. |
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Term
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Definition
| Longest path in a network diagram |
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Term
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Definition
| Providing lowest cost of product service w/o loss of quality and performance. |
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Term
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Definition
| Degree to which a set of inherent characteristics fultil requirements |
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Term
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Definition
| Internal or external failure cost. |
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Term
| Avoicance (Plan risk response |
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Definition
| Change project management plan to elimintate risks and protect project objectives. |
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Term
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Definition
| Shift risk consequence to 3rd party. |
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Term
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Definition
| Reduce the probability and or consequence of aderse risk |
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Term
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Definition
| Nochaenge in project management plan; passive of active acceptance. |
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Term
| Strategies for negative risk |
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Definition
- Avoidance
- Transfer
- Mitigation
- Acceptance |
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Term
| Strategies for positive risk |
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Definition
- Share, Allocate ownership to 3ed party
- Eploit , ensure opportunity
- Enhance, Modify the size
- Acceptamce - Let the oppotunity go |
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