RRC-Project Management Fundamentals-Student Workbook- Flash Cards

Question	Answer
PROJECT	A temporary endeavor undertaken to create a unique product, service or result.
PROGRAM	Related Projects, subsidiary programs and program activities that are managed in a coordinated manner to obtain benefits not available from managing them separately.
PORTFOLIO	Projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives.
PROJECT MANAGEMENT	The application of knowledge, skills, tools and techniques to project activities to meet the project requirements.
WORK CHARACTERISTICS	Performed by people Constrained by resources *Planned, executed and controlled
CONSTRAINTS	Time, Cost, Scope, Quality, Procurement, Risk
SUB-PROJECT	A smaller portion of the overall project.
PROCESSES	A process involves actions that produce a result.
5 PROCESS GROUPS:	Initiate Plan Execute Monitor Control Close
3 ELEMENTS OF A PROCESS:	Inputs Tools and Techniques Outputs
TRIPLE CONSTRAINT	Time, Cost, Scope.
ORGANIZATIONAL INFLUENCES:	Organizational Process Assets Organizational Systems
Organizational Process Assets:	Internal Influences including: Processes and procedures & knowledge base.
ORGANIZATIONAL SYSTEMS	Imposed by the Organization including: norms, experiences , beliefs and values Policies and Practices Structure Types and Governance Frameworks

Resource summary

	Created by Diane Brandson almost 6 years ago