Studied by 0 people
Looks like no one added any tags here yet for you.
Project
A temporary endeavor that produces a unique product, service, or result. Temporary in nature and has a definite beginning and end.
Project management
The application of knowledge, skills, and tools, and techniques to satisfy project requirements
Program management
Group of related projects managed in a coordinated way to obtain benefits and control not available from handling them individually
Portfolio management
A collection of projects, programs, subsidiary portfolios and operations managed as a group to achieve strategic objectives
Operations management
Deals with ongoing production of goods and/or services
Phase
Collection of logically related project activities that culminates in the completion of one or more deliverables
Deliverable
Any unique and verifiable product, service, or result
Project life cycle
A representation of the phases that a project typically goes through from start to finish
Project Governance
Framework within which project decisions are made
3 pillars: structure, people and information
Stakeholders
Individuals, group, or organization that may be affected, or affect, or perceive to be affected by the project
Key stakeholders: project manager, customer, project team, project sponsor, functional manager
Milestone
Significant event or achievement in a project that marks a key point or completion of a major deliverable
Task duration
Refers to the amount of time it takes to complete a specific task or activity within a project
Project management office
Organizational structure that standardizes the processes and facilitates the sharing of resources, methodologies, tools, and techniques
Product management
Encompasses the strategic planning, development, and lifecycle management of a product or service
involves understanding market needs, defining strategy, gathering requirements, and overseeing the products development, launch, and ongoing optimization
Risk
Potential events or situations that may occur in the future and have an impact on the project’s success
Issues
Refer to problems or challenges that arise during the course of a project. Typically negative events that can hinder progress or impact project objectives.
Assumptions
Statements or beliefs that are considered to be true or valid for the purpose of planning and decision-making
Constraints
Limitations or restrictions that affect project planning and execution
Project constraints (6)
Scope, schedule, cost, risk, quality, resources
Predictive approach (traditional/waterfall)
Follows a linear and sequential process. Scope known and detailed at the beginning of project and will not change. Extensive up front planning. Emphasis on control and documentation. Limited flexibility, limited changes with a well defined change process
Adaptive approach (agile/iterative)
Focuses on flexibility, collaboration, and iterative development. Embraces change throughout project and emphasizes continuous feedback and improvement. Iterative and incremental development. Customer collaboration. Self-organizing teams
Emotional intelligence
Refers to the ability to recognize, understand, and manage emotions, both in oneself and in others. Necessary for relationship building, communication and conflict management, motivation and influence, leadership and decision making, and stakeholder management
Management
Focuses on tasks, processes, and operations to ensure efficient execution
Leadership
Focuses on inspiring and influencing others. Involve setting direction, encourage collaboration, trust, and empowerment.
