1. Project Management Terms

A temporary endeavor that produces a unique product, service, or result

Temporary in nature and has a definite beginning and ending

Can be part of a large Program or Portfolio

(a)  

A Project is:

• Unique

• Temporary

• Progressively Elaborated

• Finite

It is the application of knowledge, skills, tools, and techniques to satisfy project requirements

(a)  

These are examples of Project Management Activities:

• Preparing a business case to justify the investment

• Estimating resources and times

• Developing and implementing a management plan for the project

• Leading and motivating the project delivery team

These are examples of Project Management Activities:

• Operative Activities

• Managing the risks, issues, and changes in the project

• Monitoring progress against plan

• Closing the project in a controlled fashion when appropriate

Group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually

(a)  

Organizational Structure that standardizes the processes and facilitates the sharing of resources, methodologies, tools, and techniques

(a)  

Select the correct type of Project Management Office.

Supports the project manager, such as providing templates, training, or lessons learned from other projects.

• Supportive

• Controlling

• Directive

Select the correct type of Project Management Office.

Determines the framework or methodology and use of specific forms

• Supportive

• Controlling

• Directive

Select the correct type of Project Management Office.

Controls the project. The PM will be assigned and report to the PMO.

• Supportive

• Controlling

• Directive