PMI

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52 Terms

1
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Adaptive

When the project has an unclear scope and involves new technologies. When the client needs to be informed and involved, requiring significant testing and retesting

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Hybird

When the project follows a plan but is executed in short sprints with minimal client feedback.

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Predictive

For projects with clear and defined deliverables and deadlines.

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What is the Project Life Cycle?

The process that a project goes through from start to finish.

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What is the Predictive Approach?

An approach that focuses on planning and analyzing the projected future in-depth for anticipated risks.

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What is the Adaptive Approach?

An approach that focuses on adapting quickly to the changing scope and project reality.

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What is the Hybrid Approach?

A mix between the predictive and adaptive approaches. It plans out long-term goals during project initiation and manages day-to-day operations to complete the long-term goals.

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What is Responsibility in the context of ethics?

Our duty to take ownership for the decisions we make or fail to make, the actions we take or fail to take, and the consequences that result.

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What is Respect in the context of ethics?

Our duty to show a high regard for ourselves, others, and the resources entrusted to us.

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What is Fairness in the context of ethics?

Our duty to make decisions and act impartially and objectively. Our conduct must be free from competing self-interest, prejudice, and favoritism.

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What is Honesty in the context of ethics?

Our duty to understand the truth and act in a truthful manner both in our communications and in our conduct.

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What does Concise mean in the context of communication?

As brief as possible.

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What does Clear mean in the context of communication?

The message is straightforward and uses direct language.

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What does Concrete mean in the context of communication?

Using definite words instead of vague words

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What does Correct mean in the context of communication?

No errors.

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What does Complete mean in the context of communication?

The message includes everything it is meant to.

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What does Coherent mean in the context of communication?

It makes logical sense.

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What does Considerate mean in the context of communication?

Be polite.

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What is a Status Update?

A document that reports the progress made since the last report.

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What is a Backlog?

An accumulation of uncompleted work or matters that need to be dealt with.

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What is a Project Charter?

A formal document, given by the sponsor/customer, that authorizes the project and is the starting point for the project.

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What is the Project Purpose?

Why the project is being chartered and planned.

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What are Project Objectives?

The goals that the project will try to achieve.

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What are Project Milestones?

Key points identified during the project charter development process, defining the project's goals, objectives, scope, and deliverables.

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Who are Stakeholders?

A party that has an interest in a company and can either affect or be affected by the business.

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Who are Customers?

A person or organization that buys goods or services from a store or business.

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Who are Sponsors?

An individual or organization that pays some or all the costs involved in a project, normally in exchange for something.

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Who are Project Managers?

The person in overall charge of the planning and execution of a particular project.

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Who are Managers?

A person responsible for controlling or administering all or part of a company or similar organization.

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Who are Team Members?

Members of a group assigned to work on a project or part of a project.

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Who are Vendors?

A person or company offering something for sale.

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What is a Project Management Plan?

A formal, approved document used to guide both project execution and project control.

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What is Scope?

The total amount of work that needs to be done to complete a project.

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What is a Scope Statement?

A document that outlines the scope.

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What is "In Scope"?

Something that is included or covered by a project or task.

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What is "Out of Scope"?

Anything that falls outside the original agreed-upon boundaries for a project.

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What is Project Scheduling?

A plan for carrying out a process or procedure, giving lists of intended events and times.

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What are Deliverables?

A thing able to be provided, especially as a product of a development process.

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What are Tasks?

A piece of work to be done or undertaken.

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What are Dependencies?

A task that relies on the completion of a different task.

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What is a Budget?

An estimate of income and expenditure for a set period of time.

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What is Procurement?

The action of obtaining or procuring something.

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What is a Contract?

A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.

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What is Budget Development?

The process of making a budget for projects or other activities.

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What is Scope Creep?

Continuous or uncontrolled growth in a project's scope, at any point after the project begins.

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Project Scope

The work performed to deliver a product, service, or result with the specified features and functions.

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What is Gold Plating?

The practice of adding extra features or improvements to a project that go beyond the agreed-upon scope or characteristics.

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What is Quality Assurance?

Systematic efforts to ensure that the product(s) delivered to customer(s) meet agreed-upon performance, design, reliability, and maintainability expectations.

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What is Change Management?

The process of documenting and making changes to a project, including its scope, budget, and schedule.

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What is Archiving?

To place or store something in an archive.

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What is an Archive?

A collection of historical documents or records providing information about a place, institution, or group of people.

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What is a Lessons Learned Document?

A document that contains all the knowledge gained throughout the life cycle of a project.