Flashcards
Project Management: Week 1
Cards in this deck (20)
- 1What is a project?A temporary endeavor undertaken to create a unique product, service or result
Features:
1. start and end date
2. Unique
3. Deliverable - a product or service (tangible or intangible) - 2What are some attributes of projects?* Progressive elaboration
* Projects require resources
* Primary sponsor or customer
* Uncertainty - 3What is a program?A group of related projects managed in a cordinated way to obtain benefits not available from managing them individually
- 4What is a portfolio?A group of projects, programs and/or operations that may or may not be related and are managed together to achieve strategic objectives.
- 5What is project management?* The application of knowledge, skills, tools and techniques to project activities to meet the project requirements.
- 6How is project management accomplished?Project mgt. is accomplished through the appropriate application and integration of the 47 logically grouped project mgt. processes, which are categorized into five Process Groups.
- 7What are the five Process Groups of project mgt.?1. Initiating
2. Planning
3. Executing
4. Monitoring and Controlling
5. Closing
IPEMC&C - 8What are the triple constraints?Scope, time and money
- 9Some Project Failure Statistics (from the Standish Group)* 31% canceled before completion
* 52.7% will cost over 189% of original estimates
* 16.2% of software projects are completed on time and on budget
* Projects completed by the largest American companies have approximately 42% of the originally proposed features - 10What are some project failure causes? (from Standish Group's Chaos Report)* Lack of attention to human, organizational aspects of IT
* Inability to handle changes in requirements
* Poor project management
* Poor articulation of user requirements
* Inadequate attention to business needs and goals
* Failure to involve users appropriately - 11Name some project attributes* progressive elaboration
* projects require resources
* primary sponsor or customer
* uncertainty - 12define a programa group of related projects managed in a coordinated way to obtain benefits not available from managing them individually
Examples:
* upgrading a company website and division pages
* building a hotel - 13define a portfoliogroup of projects, programs and/or operations that may or may not be related and are managed together to achieve strategic objectives
- 14provide some examples of portfolios* construction
* HR software portfolio - 15what is project management?* The discipline for planning and managing resources to successful completion of goals
* A set of best practices tailored to specific situations - 16name some benefits of project management* improved resource usage
* better customer relations and high-quality
* quicker development and the lower costs
* increased reliability
* better coordination with the project team
* improved focus and worker morale - 17what are some objectives for achieving project success?* Cost
* time
* scope
* operation and functionality - 18Name the five project management process groups1. initiate
2. plan
3. execute
4. monitor and control
5. close - 19name the 10 knowledge areas of project management1. Integration
2. Scope
3. Time
4. Cost
5. Quality
6. Human Resource
7. Communications
8. Risk Mgt.
9. Procurement
10. Stakeholder mgt. - 20—