Notes 2&3, Software engineering

What is a project?

A temporary endeavor to accomplish a specific objective, delivering a unique product, service, or result.

List three main attributes of a project.

A defined objective, a deadline, and a budget.

Give an example of a project.

Introduce a new mini-projector in 6 months with a budget of €3.5 million.

What are activities in project management?

Tasks that need to be completed in a certain order to achieve the project objective.

What are resources in a project?

People, equipment, materials, and tools required to complete project tasks.

What is the time frame in a project?

The finite lifespan from the start to the end date.

What does "unique" mean in project context?

The work result is different in some way from any previous effort by the organization.

Who is the sponsor of a project?

The person or organization providing support or funding to complete the project.

Why is uncertainty high in projects?

Projects are affected by a dynamic environment, assumptions, and estimates.

List an example of a project.

Produce a movie, design a new product, plan a wedding.

How is a project different from operations?

Projects are temporary and unique; operations are ongoing and repetitive.

Define project management.

The application of knowledge, skills, tools, and techniques to meet project objectives.

What are the five process groups in PMBoK?

Initiating, Planning, Executing, Monitoring & Controlling, Closing.

What are the 10 knowledge areas in PMBoK?

Integration, Scope, Schedule, Cost, Quality, Resources, Communications, Risk, Procurement, Stakeholders.

What is a program?

A set of related projects aimed at achieving a common benefit.

What is a portfolio?

A collection of programs, projects, and activities to meet strategic goals.

What is the PMBoK?

A guide and set of industry standards for project management developed by PMI.