3340502
Description
Flashcards by Sharon Ott, updated more than 1 year ago
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Created by Sharon Ott
about 9 years ago
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| Question | Answer |
| What is a project? | A temporary endeavor undertaken to create a unique product, service or result Features: 1. start and end date 2. Unique 3. Deliverable - a product or service (tangible or intangible) |
| What are some attributes of projects? | * Progressive elaboration * Projects require resources * Primary sponsor or customer * Uncertainty |
| What is a program? | A group of related projects managed in a cordinated way to obtain benefits not available from managing them individually |
| What is a portfolio? | A group of projects, programs and/or operations that may or may not be related and are managed together to achieve strategic objectives. |
| What is project management? | * The application of knowledge, skills, tools and techniques to project activities to meet the project requirements. |
| How is project management accomplished? | Project mgt. is accomplished through the appropriate application and integration of the 47 logically grouped project mgt. processes, which are categorized into five Process Groups. |
| What are the five Process Groups of project mgt.? | 1. Initiating 2. Planning 3. Executing 4. Monitoring and Controlling 5. Closing IPEMC&C |
| What are the triple constraints? | Scope, time and money |
| Some Project Failure Statistics (from the Standish Group) | * 31% canceled before completion * 52.7% will cost over 189% of original estimates * 16.2% of software projects are completed on time and on budget * Projects completed by the largest American companies have approximately 42% of the originally proposed features |
| What are some project failure causes? (from Standish Group's Chaos Report) | * Lack of attention to human, organizational aspects of IT * Inability to handle changes in requirements * Poor project management * Poor articulation of user requirements * Inadequate attention to business needs and goals * Failure to involve users appropriately |
| Name some project attributes | * progressive elaboration * projects require resources * primary sponsor or customer * uncertainty |
| define a program | a group of related projects managed in a coordinated way to obtain benefits not available from managing them individually Examples: * upgrading a company website and division pages * building a hotel |
| define a portfolio | group of projects, programs and/or operations that may or may not be related and are managed together to achieve strategic objectives |
| provide some examples of portfolios | * construction * HR software portfolio |
| what is project management? | * The discipline for planning and managing resources to successful completion of goals * A set of best practices tailored to specific situations |
| name some benefits of project management | * improved resource usage * better customer relations and high-quality * quicker development and the lower costs * increased reliability * better coordination with the project team * improved focus and worker morale |
| what are some objectives for achieving project success? | * Cost * time * scope * operation and functionality |
| Name the five project management process groups | 1. initiate 2. plan 3. execute 4. monitor and control 5. close |
| name the 10 knowledge areas of project management | 1. Integration 2. Scope 3. Time 4. Cost 5. Quality 6. Human Resource 7. Communications 8. Risk Mgt. 9. Procurement 10. Stakeholder mgt. |
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