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PMP
PMP Exam Prep
22
Business
Professional
06/08/2011

Additional Business Flashcards

 


 

Cards

Term
Define Project
Definition
A temporary endeavor which requires resources and creates a unique deliverable, service or environment
Projects have a definite end date and is unique from other activities of the organization
Term
Define Project Management
Definition
Supervision and control of the work required to complete the project vision.
Planning organizing and managing resources to bring about the successful completion of project goals and objectives
Term
Define Project Integration Management
Definition
One of the 9 project management knowledge areas: Focuses on creating the project charter, project scope statement, and project plan then monitoring and controlling the work once it is underway. Coordinates the activities and completeness of the other 8 knowledge areas.
Term
Define Scope Management
Definition
One of the 9 Project Management knowledge areas. Planning, creation, protection, and filfillment of the project scope.
Term
Define Time Management
Definition
One of the 9 project management knowledge areas. Define the approach to time estiamting, scheduling and control of project activities.
Term
Define Project cost management
Definition
One of the 9 Project Mnagement kknowledge areas. Estimating, budgeting and controlling project expenses.
Term
Define Project Quality Management
Definition
One of the 9 Project Management knowledge areas. Defines quality assurance, control and policy for th e project.
Term
Define Project Human Resource management
Definition
One of the 9 Project Management knowledge areas. Management of human resources for the project tewam.
Term
Project Communications Management
Definition
One of the 9 Project management knowledge areas. Planning and management of communication among stakeholders.
Term
Define Project Risk Management
Definition
One of the 9 Project Management knowledge areas. Risk planning , analysis, monitoring and control
Term
Define Project Procurement management
Definition
One of tjhe 9 Project Management Knowledge areas. Oversees purchasing and contract administration for a project.
Term
Define Enterprise Environmental Factors
Definition
Internal or external factors which surround or influence a projects success ...They are used as inputs for most planning processes
Term
Define Application Areas
Definition
The areas of discipline a project may center on (technology, law, marketing, construction etc)
Term
Iron triangle
Definition
The three constraints of every project (time, scope, and cost) make up the three sides of the Iron Triangle. If these three sides are not kept in balance quality suffers
Term
Management by projects
Definition
An organization that uses projects to move the company forward. A project centruc organization could managa any level of their work as a project.
Term
Program
Definition
A collection of projects working in unisonto realize benefits that could not be realized by manging projects independent of one another.
Term
Progressive elaboration
Definition
Process of starting with a large idea and through incremental analysis, action, and planning make the idea more and more specific
Term
PMO
Definition
Project Mangement Office-Organizes, manages and controls projects within an organization. PMOs standardize the Project Management approach in an organization.
Term
Project Portfolio Management
Definition
Management process for selecting projects that should be invested in---based on need, profitabiity and affordability of proposed projects
Term
Subprojects
Definition
Exists under a parent project but follows its own schedule to completion...May be outsourced or assigned to a different project manager.
Term
Triple constraints of project management
Definition
Iron Triangle ...Time, Cost, Scope must be managed to ensure Quality outcome
Term
Work Breakdown Structure (WBS)
Definition
)-The visual decomposition of project scope to represent all the deliverables the project promises to create.
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