BUS 311 SDC (extra quiz
questions)
1.project: 1 time event w/ specific start & end dates
1. initiation
2. planning
3. execution
4.monitoring & controlling
5. closing
2.initiation: 1st phase of project management life cycle
3.planning: 2nd phase of project management life cycle
4.execution: 3rd phase of project management life cycle
5.monitor and control: 4th phase of project management life cycle
6.closing: 5th phase of project management life cycle
- most exciting, critical, chaotic phase
7.PMO (project management office): group created to help project
managers complete jobs more efficiently
- repository: standards & methodology
- departmental
- project-specific
- center of excellence: training & tools
- enterprise: permanent, broad
8.stakeholders: - key: people/groups who have an effect on the project
& will be affected by the project; can be primary or secondary
- primary: directly affected
- secondary: indirectly affected
9.power/interest grid: A tool used to group stakeholders based on their
level of authority (power) and their level of concern (interest) for
project outcomes
- high power, high interest: more management, more comm
- high power, low interest: more comm, less management
- low power, high interest: 1 way comm flow
- low power, low interest: least comm
10.stakeholder management plan: determines how to engage &
communicate with stakeholders; how to handle feedback or issues
11.Gantt chart: planning tool for balancing schedule & progress via
spreadsheet
, BUS 311 SDC (extra quiz
questions)
- project schedule
, BUS 311 SDC (extra quiz
questions)
- terminal & summary elements from start to finish
- amount of time it takes to complete each task
12.terminal element: smaller, more intricate tasks that need to be
completed as part of a larger task
- lowest element in a tree structure cannot be divided
13.summary element: made up of terminal elements to form the larg
task
14.fishbone diagram: planning tool. draw an arrow pointing to project &
connect lines representing something significant to the project, e.g.
resource, ideas, risks, tasks
15.business portfolio management: process that enables organizations to
man- age multiple projects or individual projects for optimal results
- helps manage risk & cost
- most important projects done 1st
16.Project portfolio management: selecting and investing in the best
projects & programs an organization performs
17.business case: document that researches, details, & justifies
investment in a project
- all necessary info for stakeholders to sign off; high-level plan, details
projected costs & revenue, detailed info regarding reasons & what
would happen w/o the project
18.feasibility study: analyzes a proposed solution's probability of
success, how how best to present the solution to management,
constraints, alternatives
- determine whether project is possible
- reduce risk of failure
19.charter: a critical document that authorizes a task to start or continue
- overview
- statement of work
- outline of organizational structure
20.RAM (responsibility assignment matrix): A grid that shows the
, BUS 311 SDC (extra quiz
questions)
project re- sources/members assigned to each work unit.
- like work breakdown structure but more complicated
questions)
1.project: 1 time event w/ specific start & end dates
1. initiation
2. planning
3. execution
4.monitoring & controlling
5. closing
2.initiation: 1st phase of project management life cycle
3.planning: 2nd phase of project management life cycle
4.execution: 3rd phase of project management life cycle
5.monitor and control: 4th phase of project management life cycle
6.closing: 5th phase of project management life cycle
- most exciting, critical, chaotic phase
7.PMO (project management office): group created to help project
managers complete jobs more efficiently
- repository: standards & methodology
- departmental
- project-specific
- center of excellence: training & tools
- enterprise: permanent, broad
8.stakeholders: - key: people/groups who have an effect on the project
& will be affected by the project; can be primary or secondary
- primary: directly affected
- secondary: indirectly affected
9.power/interest grid: A tool used to group stakeholders based on their
level of authority (power) and their level of concern (interest) for
project outcomes
- high power, high interest: more management, more comm
- high power, low interest: more comm, less management
- low power, high interest: 1 way comm flow
- low power, low interest: least comm
10.stakeholder management plan: determines how to engage &
communicate with stakeholders; how to handle feedback or issues
11.Gantt chart: planning tool for balancing schedule & progress via
spreadsheet
, BUS 311 SDC (extra quiz
questions)
- project schedule
, BUS 311 SDC (extra quiz
questions)
- terminal & summary elements from start to finish
- amount of time it takes to complete each task
12.terminal element: smaller, more intricate tasks that need to be
completed as part of a larger task
- lowest element in a tree structure cannot be divided
13.summary element: made up of terminal elements to form the larg
task
14.fishbone diagram: planning tool. draw an arrow pointing to project &
connect lines representing something significant to the project, e.g.
resource, ideas, risks, tasks
15.business portfolio management: process that enables organizations to
man- age multiple projects or individual projects for optimal results
- helps manage risk & cost
- most important projects done 1st
16.Project portfolio management: selecting and investing in the best
projects & programs an organization performs
17.business case: document that researches, details, & justifies
investment in a project
- all necessary info for stakeholders to sign off; high-level plan, details
projected costs & revenue, detailed info regarding reasons & what
would happen w/o the project
18.feasibility study: analyzes a proposed solution's probability of
success, how how best to present the solution to management,
constraints, alternatives
- determine whether project is possible
- reduce risk of failure
19.charter: a critical document that authorizes a task to start or continue
- overview
- statement of work
- outline of organizational structure
20.RAM (responsibility assignment matrix): A grid that shows the
, BUS 311 SDC (extra quiz
questions)
project re- sources/members assigned to each work unit.
- like work breakdown structure but more complicated
