Midterm - Project Management I (Part 1)

A temporary unique group activity intended to meet specific objectives with constraints and requirements in scope, budget, schedule, resources, performance factors and value designed to meet customer needs.

It is the measure and tangible outcome or the result of the completion of the project or the end of the project’s life cycle.

It is a constraint enforced by the application of traditional project management.

A compilation of a commonly sequential project phases from the time it is originally envisioned until the time it is either make use of as a success or discarded as a failure.

It is a project considered necessary in order to give full support to the present operations of the firm.

Set of descriptive features and restrictions of a project that describes significant information regarding the project and communicate it to different stakeholders.

The science and art in the application of knowledge, skills and techniques to execute projects effectively and efficiently toward the accomplishment of its goals and objectives.

A project that is vital to support the long term mission of increasing revenue and market share.

It is a “must do” project that is required to meet emergency conditions.

The process of appraising a project or groups of projects and afterward deciding to execute some of them in order to realize the objectives of the organization.