Project Management Test 1 (Ch 1-3)

Triple Constraints

PMI Talent Triangle

Project Processes

Deming Cycle

PMI

Project Management Institute

PMBoK

Project Management Body of Knowledge

PMP

Project Management Proffesional

PMO

Project Management Office

Product Owner

The person responsible for maximizing the value of the product resulting from work of the development team by managing the product backlog

Scrum Master

The person responsible for promoting and supporting the scrum process as defined in the scrum guide

Project

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

Program

A group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits not available from managing them individually

Portfolio

A collection of projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives

Balanced Scoreboard

A methodology that converts an organization’s value drivers to a series of defined metrics

TCO

Total Cost of Ownership

TBO

Total Benefits of Ownership

PMIAA

Program Management Improvement and Accountability Act

Agile

The ability to create and respond to change

Methodology

Describes how things should be done, and different organizations often have different ways of doing things

Project Charter

A document that formally recognizes the existence of a project and provides a summary of the project’s objectives and management

Progressive Elaboration

Details of a project become clearer as more information becomes available

Adaptive Project Management

Also called agile. Is used to describe an approach where the project scope cannot be well-defined upfront, incremental releases are desired, and changes are expected

Predictive Project Management

Also called waterfall or traditional. Is used to describe an approach where most of the project planning is done upfront, there is a single final product, service, or result delivered at the end of the project, change is constrained, costs and risks are controlled, and stakeholders are involved at specific milestones

Kick Off Meeting

A meeting held at the beginning of a project so that stakeholders can meet each other, review the goals of the project, and discuss future plans

Project Sponsor

The person who provides the direction and funding for a product

Business Case

A document that provides justification for investing in a project

Leader

A person who focuses on long-term goals and big-picture objectives, while inspiring people to reach those goals

Manager

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

Project Planning Framework