Business Management I Vocab Practice (1.06)

Match the following

• A short-term undertaking that creates a unique good or service

• Feasible

• Reasonable; achievable

• Business Operations

• Rule or regulation used to ensure that a project stays on track and meets its requirements

• Dynamic

• Changeable

• Governance Mechanism

• The day-to-day activities needed for continued business functioning

• Business Operations

_______________ is a project-end summary of what went well, what didn’t go well, and how to improve in the future.

• Lessons-Learned Document

• Statement of Work (SOW)

• Work Breakdown Structure (WBS)

• Project Charter

____________ is a dynamic document that serves as the foundation of a project; includes goals, scope, deliverables, etc.

• Lessons-Learned Document

• Statement of Work (SOW)

• Work Breakdown Structure (WBS)

• Project Charter

_________________ is a document that details the division of a project workload into smaller, more manageable parts.

• Lessons-Learned Document

• Statement of Work (SOW)

• Work Breakdown Structure (WBS)

• Project Charter

___________ is a formal document that officially authorizes a project to get underway.

• Lessons-Learned Document

• Statement of Work (SOW)

• Work Breakdown Structure (WBS)

• Project Charter

A stakeholder is a person who has an interest or investment in a .

(a)  

Match the following

• A problem wherein the scope of a project keeps getting bigger and bigger

• Project Creep

• Person responsible for overseeing all of the activities that are part of a project

• Deliverable

• The result a project is created to achieve

• Project Execution

• The third stage of the project management process; includes carrying out the actual project work

• Project Manager

• The skills, tools, and processes used to plan, execute, and control the elements of a project

• Project Management

Scope is ​ (a)   a ​ (b)   ​ (c)   and will ​ (d)   ​ (e)   .

• what
• project
• will
• not
• include

______________ is the first stage of the project management process; includes all of the activities required for starting up a new project, such as creating a statement of work and a project charter.

• Project Initiation

• Project Planning

• Project Execution

• Project Monitoring & Controlling

• Project Close

______________ is the second stage of the project management process; includes determining how all parts of the project will be accomplished, including creating the work breakdown structure.

• Project Initiation

• Project Planning

• Project Execution

• Project Monitoring & Controlling

• Project Close