PMP
Terms
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- Time-limited; unique; comprised of interrelated activities; undertaken for a purpose
- Project
- All of a company's programs and projects
- Portfolio
- Group of related projects coordinated together
- Program
- The original plan plus any approved changes
- Baseline
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The person ultimately responsible for the outcome of a project.
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Project Manager
- Weaker than project manager. May not be allowed to make budget decisions
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Project Coordinator
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Weakest of PM roles. Little or no formal authority.
- Project Expiditor
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Organizational structure where team members work for departments but may be loaned to projects
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Functional Organization
- Organizational structure that is organized around projects.
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Projectized Organization
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Hybrid organization where individuals have a functional manager and a project manager
- Matrix Organization
- Early in a project life cycle staffing, resources, and costs are (increasing/decreasing) while stakeholder influence and risk to success are (increasing/decreasing)
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Increasing
Decreasing
- Time, Cost, and Scope (quality)
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The Triple Constraint (iron triangle)
- Things that impact a project outside of the project, such as org structure, org values and work ethic, laws
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Enterprise Environmental Factors
- Information, tools, documents, and knowledge the organization possesses for projects
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Organizational Project Assets
- A single approved document that guides execution, monitoring and control, and closure for a project
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Project Management Plan
- During project execution, the status of deliverables, how things are performing against cost and schedule goals, how the project team is performing, etc
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Work Performance Information
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System used to help produce and keep track of documents and deliverables
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Project Management Information System
- What percent of the PM's time should be spent communicating?
- 90 percent
- What are the five areas of expertise that a PM must have?
- PMBoK Subject Matter Expertise Project Environment General MGT knowledge/skills Interpersonal skills
- What are the criteria for an effort to be considered a project?
- Temporary Unique Progressive Elaboration
- What type of effort is considered operations?
- Ongoing, repetitive; Does not fit all project criteria
- What is the definition of a Program?
- Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually; help to achieve strategic objectives and benefits
- What is the definition of a portfolio?
- Collection of work grouped together for management effectiveness / strategic business benefits; efforts do not have to be related