Fichas
Project Management Fundamental Terms
Fichas del conjunto (28)
- 1A Guide to the Project Management Body of Knowledge (PMBOK Guide)The PMI publication that defines widely accepted project management practices.
The CAPM and the PMP exam are based on this book. - 2Application areasThe areas of expertise, industry, or
function where a project is centered.
Examples of application areas include
architecture, IT, health care, and
manufacturing - 3Business valueA quantifiable return on investment. The
return can be tangible, such as
equipment, money, or market share. The
return can also be intangible, such as
brand recognition, trademarks, and
reputation. - 4Certified Associate in Project Management (CAPM)A person who has slightly less project
management experience than a PMP, but
who has qualified for and then passed the
CAPM examination. - 5Cultural and social environmentDefines how a project affects people and
how those people may affect the project.
Cultural and social environments include
the economic, educational, ethical,
religious, demographic, and ethnic
composition of the people affected by the
project. - 6DeliverableA product, service, or result created by a
project. Projects can have multiple
deliverables. - 7General management skillsThese include the application of
accounting, procurement, sales and
marketing, contracting, manufacturing,
logistics, strategic planning, human
resource management, standards and
regulations, and information technology - 8International and political environmentThe consideration of the local and
international laws, languages,
communication challenges, time zone
differences, and other non-collocated
issues that affect a project’s ability to
progress. - 9Interpersonal skillsThe ability to interact, lead, motivate, and
manage people. - 10Iron Triangle of Project ManagementA triangle with the characteristics of time,
cost, and scope. Time, cost, and scope
each constitute one side of the triangle; if
any side of the Iron Triangle is not in
balance with the other sides, the project
will suffer. The Iron Triangle of Project
Management is also known as the Triple
Constraints of Project Management, as all projects are constrained by time, cost,and scope. - 11Physical environmentThe physical structure and surroundings
that affect a project’s work. - 12Process groupsA collection of related processes in project management. There are five process groups and 49 project management processes. The five process groups are Initiating, Planning, Executing, Monitoring and Controlling, and Closing
- 13ProgramA collection of related projects working in
unison toward a common deliverable. - 14Progressive elaborationThe process of gathering project details.
This process uses deductive reasoning,
logic, and a series of informationgathering techniques to identify details about a project, product, or solution - 15ProjectA temporary endeavor to create a unique
product, service, or result. The end result
of a project is also called a deliverable. - 16Project benefits management planA documented created and maintained by the project sponsor and the project
manager. The project benefits management plan defines what benefits
the project will create, when the benefits
will be realized, and how the benefits will
be measured. - 17Project business caseCreated and maintained by the project
sponsor and shows the financial validity of why a project is chartered and launched within the organization. Typically, the project business case is created before the launch of the project and may be usedas a go/no-go decision point. - 18Project environmentThe location and culture of the
environment where the project work will
reside. The project environment includes
the social, economic, and environmental
variables the project must work with or
around. - 19Project Management Institute (PMI)An organization of project management
professionals from around the world,
supporting and promoting the careers,
values, and concerns of project managers - 20Project life cycleThe phases that make up the project.
Project life cycles are unique to the type of
work being performed and are not
universal to all projects. - 21Project management office (PMO)A central office that oversees all projects
within an organization or within a
functional department. A PMO supports
the project manager through software,
training, templates, policies,
communication, dispute resolution, and
other services. - 22Project Management Professional (PMP)A person who has proven project
management experience and has qualified
for and then passed the PMP
examination - 23Project portfolio managementThe management and selection of
projects that support an organization’s
vision and mission. It is the balance of
project priority, risk, reward, and return on investment. This is a senior management process - 24SubprojectsA smaller project managed within a larger,
parent project. Subprojects are often
contracted work whose deliverable allows
the larger project to progress - 25Triple Constraints of Project ManagementAlso known as the Iron Triangle. This
theory posits that time, cost, and scope
are three constraints that every project
has. - 26Work performance dataRaw data, observations, and
measurements about project components.
Work performance data is gathered and
stored in the project management
information system - 27Work performance informationWork performance information is the
processed and analyzed data that will help
the project manager make project
decisions. - 28Work performance reportsWork performance reports is the formatted communication of work performance information. Work performance reports communicate what’s happening in the project through status reports, memos, dashboards, or other modalities