Project Management Concepts Review

A set of flashcards designed to reinforce key concepts and vocabulary used in project management.

Exclusions

Items that are explicitly not included in the project scope statement.

Lessons Learned

Capturing what went well and what could have gone better in a project for future reference.

Dependency

The relationship between project activities that determines the order in which they should be performed.

Stakeholder Engagement Assessment Matrix

A tool used to analyze stakeholder engagement levels and develop strategies accordingly.

Communication Plan

A document that outlines the communication requirements for a project including who communicates, what information is communicated, and when.

Triple Constraint

The three primary constraints on a project: scope, time, and cost.

Work Breakdown Structure (WBS)

A deliverable-oriented hierarchical decomposition of the work to be executed by the project team.

Management Reserve

Funds set aside by management to address unforeseen risks.

Bottom-up Estimating

A method of estimating project costs by breaking them down into smaller work packages or activities.

Parametric Estimating

A technique that uses statistical relationships between historical data and other variables to estimate project costs or durations.

RACI Matrix

A responsibility assignment matrix that defines roles and responsibilities of team members.

Earned Value Management (EVM)

A project management technique for measuring project performance by comparing planned and actual progress.

Critical Path

The sequence of stages determining the minimum time needed for an operation.

Contingency Reserve

A budget reserve set aside for unexpected events.

Scope Creep

The uncontrolled expansion of project scope without adjustments to time, cost, and resources.

Communication Channels

The paths through which information flows among project stakeholders.

Risk Management Plan

A plan that outlines how risks will be identified, analyzed, and responded to throughout the project.

Quality Assurance

The process of ensuring that the project's products meet the required quality standards.

Stakeholder Register

A document that includes details about the project's stakeholders, their interests, and their impact on the project.

Project Charter

A document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources.

Functional Organization

An organizational structure where staff are grouped by their functional roles.

Matrix Organization

An organizational structure that facilitates the horizontal flow of information and resources across different functions.

Fast Tracking

A schedule compression technique that involves executing tasks in parallel that were originally planned to be done sequentially.

Crashing

A schedule compression technique that involves adding resources to critical path tasks to complete them faster.

SWOT Analysis

A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to a project.

Behavioral Conflict Resolution

Strategies used to manage and resolve interpersonal conflicts within project teams.

Qualitative Risk Analysis

The process of prioritizing risks for further analysis or action by assessing their likelihood and impact.