IT-343 Module 01 Intro to Project management

Key terms + quiz questions

DevOps

culture of collaboration between software development and operations teams to build, test, and release software faster

project

A temporary endeavor undertaken to create a unique product, service, or result

project management

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements

enterprise project management software

aka portfolio project management software.

Software that integrates information from multiple projects to show the status of active, approved, and future projects across an entire organization

triple constraint

Balancing scope, time, and cost goals

Gantt chart

chart that lists project activities and their corresponding start and finish dates in calendar form

interactional style

This leadership style is a combination of transactional, transformational, and charismatic

laissez-faire

Meaning "let go," this hands-off approach lets teams determine their own goals and how to achieve them

manager

A person who deals with the day-to-day details of meeting specific goals

megaproject

an extremely large-scale construction and investment project with a long-lasting societal impact. Around $1B and involves both public and private stakeholders.

organizational project management

A "framework in which portfolio, program, and project management are integrated with organizational enablers in order to achieve strategic objectives"

portfolio

Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives

program

A group of projects managed together.

What benefits does managing projects as a program provide?

Control and coordination in managing them that isn't available when managing projects individually.

program manager

A person who provides leadership and direction for the project managers heading the projects within a program

project manager

The person responsible for working with the project sponsor, the project team, and the other people involved to meet project goals

Project Management Institute (PMI)

An international professional society for project managers

project management knowledge areas

Project integration management, scope, time, cost, quality, human resource, communications, risk, procurement, and stakeholder management

Project Management Office (PMO)

An organizational group responsible for coordinating the project management functions throughout an organization

Project Management Professional (PMP®)

Certification provided by PMI that requires documenting project experience and education, agreeing to follow the PMI code of ethics, and passing a comprehensive exam

project management tools and techniques

Methods available to assist project managers and their teams; some popular time-management tools include Gantt charts, network diagrams, and critical path analysis

project portfolio management

When organizations group and manage projects as a portfolio of investments that contribute to the entire enterprise's success

project sponsor

The person who provides the direction and funding for a project

servant leader

People using this approach focus on relationships and community first and leadership is secondary

stakeholders

People involved in or affected by project activities. They can also oppose a project.

transactional

This management by exception approach focuses on achieving goals or compliance by offering team members appropriate rewards and punishments

transformational

By working with others to identify needed changes, these leaders empower others and guide changes through inspiration

midrange tools

a step up from low-end tools, are designed to handle larger projects, multiple users, and multiple projects.

Checklist tool

is a tool used in quality management.

What tools are used in integration management?

Stakeholder analyses, work requests, and project charters are tools used in integration management.

Which project management knowledge area is an overarching function that affects and is affected by the different knowledge areas?

Project integration management

What tools are licensed on a per-user basis and have enterprise and portfolio management functions?

high-end tools

Which of the following questions reflects the strategic goals of project portfolio management?

Are we investing in the right areas?

What questions does project’s scope deal with?

“What work will be done as part of the project?”, “What unique product, service, or result does the customer or sponsor expect from the project?”, or “How will the scope be verified?”

Tool used in schedule management ?

fast-tracking

different between strategic and tactical goals

strategic goals are long-term in nature whereas tactical goals are short-term.

what are some tools used in cost management?

Project budgets, net present value, return on investment

payback analysis, earned value management

What are some tools used in risk managment?

Risk management plans, risk registers, probability/impact matrices, and risk rankings

What is project procurement management?

Project procurement management involves acquiring or procuring goods and services for a project from outside the performing organization.

Project resource management is concerned with?

making effective use of the people involved with a project as well as physical resources.

Team building exercises and motivation techniques are tools used in _____ management.

resource management

What are some tools used in quality management?

Quality metrics, maturity models, statistical methods, and test plans