Term
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Definition
| optimal way recognized by industry to achieve a stated goal or objective |
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Definition
| the longest path through a network diagram that determines the earliest completion of a project |
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Term
| enterprise project management software |
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Definition
| integrates information from multiple projects to show the status of active, approved and future projects in an organization. Also called project and portfolio management software |
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Definition
| set of principles that guide decision making based on personal values of right and wrong |
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Definition
| standard format for displaying project schedule information by listing project activities with prospective start and end dates in calendar format |
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Definition
| person who focuses on long term goals and big picture objectives while inspiring people to reach those goals |
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Definition
| person who deals with day to day details of meeting specific goals |
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Definition
| a group of related projects, subprograms,and program activities managed in a coordinated way to obtain benefits and control not available by managing them individually |
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Definition
| provides leadership and direction for the project managers heading the projects in a program |
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| project and portfolio management software |
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Definition
| integrates information from multiple projects to show the status of active, approved and future projects in an organization. Also enterprise project management software. |
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Definition
| application of knowledge, skills, tools, and techniques to project activities to meet project requirements |
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Term
| project management institute |
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Definition
| international professional society for project managers |
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| project management knowledge areas |
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Definition
| key competencies that project managers must develop |
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Term
| Project management office |
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Definition
| group of people responsible for coordinating project management within in an organization |
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Term
| Project management professional |
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Definition
| person who has documented sufficient project experience and education, agreed to follow |
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| Project management tools and techniques |
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Definition
| assist PMs and their teams in carrying out the work fo the 10 knowledge areas |
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Term
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Definition
| person responsible for working with the project sponsor, the project team, and the other people involved to meet project goals |
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Term
| project portfolio management |
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Definition
| optimal way recognized by industry to achieve a stated goal or objective |
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Term
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Definition
| the person who provides the direction and funding for a project |
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Term
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Definition
| people involved in or affected by project activities |
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Definition
| balancing scope, time and cost goals |
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Term
| The ______ field includes the top skills employers look for in new college students. |
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Definition
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Term
Which of the following is not a potential advantage of using good project management?
A. Shorter Development Time
B. higher worker morale
C. lower cost of capital
D. higher profit margins |
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Definition
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Term
| A ______ is a temporary endeavor undertaken to create a unique product, service or result. |
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Definition
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Term
Which of the following is not an attribute of a project?
A. Projects are unique.
B. Projects are developed using progressive elaboration.
C. Projects have a primary customer and sponsor.
D. Projects involve little uncertainty. |
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Definition
| D. Projects involve little uncertainty. |
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Term
Which of the following is not part of the triple constraint of project management?
Scope, time, communication, cost |
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Definition
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Term
| _____ is the application of knowledge, skills, tools, and techniques to project activities to meet requirements. |
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Definition
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Term
| Project portfolio management addresses ______ goals of an organization, while project management addresses _____ goals. |
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Definition
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Term
| Several application development projects done for the same functional group might be managed as part of a _______. |
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Definition
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Term
Which of the following is not true?
A. Most american companies have a PMO.
B. You can earn an advanced degree in PM from hundreds of colleges/universities.
C. Employers are looking for PM skills in new graduates.
D. PM certification does not affect pay. |
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Definition
| D. PM Certification does not affect pay. |
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Term
| What is the name of one of the popular certifications provided by PMI? |
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Definition
| Project Management Professional (PMP) |
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Term
| adaptive software development (ASD) |
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Definition
| a software development approach used when requirements cannot be clearly expressed early in the life cycle |
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Term
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Definition
| quick and coordinated in movement; a method used on iterative and incremental development, in which requirements and solutions evolve through collaboration |
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| agile software development |
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Definition
| software development method tht uses new approaches, focusing on close collaboration between IT and business experts |
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Definition
| senior manager who acts as a key proponent for a project |
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Term
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Definition
| product or service produced or provided as part of a project |
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Term
| executive steering committee |
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Definition
| group of senior executives from various parts of the organization who regularly review important corporate projects and issues |
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Term
| functional organizational structure |
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Definition
| groups people by functional areas such as IT, manufacturing, engineering, and human resources |
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Definition
| focuses on producing harmony between the need of the organization and the needs of people |
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Definition
| authority and control for key IT activities in organizations, including IT infrastructure, IT use, and project management |
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Definition
| a just-in-time method of inventory that can be modified used in conjunction with a scrum |
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Term
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Definition
| a management review that should occur after each project or phase to determine if projects should be continued, redirected, or terminated, also called a phase exit |
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Term
| matrix organizational structure |
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Definition
| employees are assigned both to functional and project managers |
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Term
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Definition
| outsourcing from another country |
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Term
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Definition
| a set of shared assumptions, values and behaviors that characterize the functioning of an organization |
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Term
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Definition
| an organizations acquisition of goods and services from an outside source |
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Term
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Definition
| management review that should occur after each project phase to determine if projects should be continued, redirected or terminated; aka kill point |
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Definition
| frame that addresses organizational and personal politics |
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Term
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Definition
| competition between groups or individuals for power and leadership |
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Term
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Definition
| software development approach used when the scope of the project can be articulated clearly and the schedule and cost can be predicted accurately |
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Term
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Definition
| last two phases in a project (implementation and close-out) that focus on delivering the actual work |
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Term
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Definition
| the first two phases in a project (concept and development) that focus on planning |
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Definition
| collection of project phases, such as concept, development, implementation and closeout |
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| project organizational structure |
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Definition
| org structure tht groups people by major projects |
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Definition
| leading agile development methodology for completing projects with a complex, innovative scope of work |
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Definition
| frame that deals with how an organization is structured and focuses on different groups roles and responsibilities to meet the goals and policies set by top mgmt. |
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Definition
| frame that focuses on the symbols, meanings, and cultuer of an organization |
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Definition
| problem-solving approach that requires definign the scope of the system to be studied and then dividing into component parts for identifying and evaluating its problems, opportunities, constraints and needs |
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Term
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Definition
| holistic and analytical approach to solving complex problems that includes using systems philosophy, systems analysis, and systems management |
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Term
| systems development life cycle (SDLC) |
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Definition
| a framework for describing the phases involved in developing and maintaining information systems |
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Term
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Definition
| addressing the business, technological, and organizational issues associated with creating, maintaining, and modifying a system |
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Term
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Definition
| an overall model for thinking about things as systems |
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Term
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Definition
| a holistic view of an organization to effectively handle complex situations |
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Term
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Definition
| a group of people who work together despite time and space boundaries using communication technologies |
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Term
Which of the following is not park of the three sphere model for systems management?
A. business
B. information
C. technology
D. organization |
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Definition
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Term
| which of the four frames of organizations addresses how meetings are run, employee dress codes, and expected work hours. |
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Definition
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Term
| Personnel in a ________ organizational culture often report to two or more bosses. |
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Definition
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Term
Project work is most successful in an organizational culture where all of the following characteristics are important except _______.
A. member identity
B. group emphasis
C. risk tolerance
D. control |
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Definition
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Term
| A _______ is a product or servicde, such as a technical report, a training session, or hardware, produced or provided as part of a project. |
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Definition
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Term
| ________ describes a framework of the phases involved in developing information systems |
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Definition
| systems development life cycle |
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Term
| The nature of IT projects is different from the nature of projects in many other industries because they are very _________. |
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Definition
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Term
| What term describes an organizations aquisiton of goods and service from an outsde source in another country |
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Definition
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Term
| ______ is the leading agile development method. |
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Definition
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Term
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Definition
| an approach to managing projects that includes a workflow comprised of short iterations and incremental delivery of software |
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Term
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Definition
| useful object created by people |
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Term
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Definition
| chart that shows the cumulative work remaining in a sprint on a day-by-day basis |
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Term
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Definition
| formalizing acceptance of the project or project phase and ending it efficiently |
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Term
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Definition
| short meeting in which the team shares progress and challenges |
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Term
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Definition
| coordinating people and other resources to carry out the project plans and create the products, services, or results of the project or project phase |
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Term
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Definition
| defining and authorizing a project or project phase |
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Term
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Definition
| a meeting held at the beginning of a project so that stakeholders can meet each other, review the goals of the project and discuss future plans |
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Term
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Definition
| a description of how things should be done |
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Term
| monitoring and controlling processes |
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Definition
| regularly measuring and monitoring progress to ensure that the project team meets the project objectives |
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Term
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Definition
| devising ad maintaining a workable scheme to ensure that the project addresses the organizations needs |
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Term
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Definition
| a series of actions directed toward a particular result |
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Term
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Definition
| a sinlge list of features prioritized by business value |
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Term
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Definition
| the person responsible for the business value of the project and deciding what work to do in what order when using a scrum method |
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Term
| project management process groups |
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Definition
| the progression of project activities from initiation to planning, executing, monitoring and controlling, and closing |
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Term
| Projects In controlled environments (PRINCE2) |
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Definition
| PM methodology developed in the UK that defines 45 separate subprocesses and organizes these into eight process groups |
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Term
| rational unified procedss (RUP) framework |
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Definition
| iterative software development process that focuses on team productivity and delivers software best practices to all team members |
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Term
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Definition
| person who ensures that the team is productive, facilitates the daily scrum, enables close cooperation across all roles and functions, and removes barriers that prevent the team from being effective |
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Term
| Scrum team or development team |
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Definition
| cross-functional team of five to nine people who organize themselves and the work to produce the desired results for each sprint |
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Term
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Definition
| define, measure, analyze, improve, and control (DMAIC) is used to improve an existing business process and define, measure, analyze, design and verify (DMADV) is used to create new product or process designs |
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Term
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Definition
| set period of time, normally two to four weeks, during which specific work must be completed and made ready for review using scrum methods |
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Term
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Definition
| highest priority items from the product backlog to be completed in a sprint |
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Term
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Definition
| a document that includes details related to the indentified project stakeholders |
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Term
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Definition
| best practices for what should be done |
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Term
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Definition
| short descriptions written by customers of what they need a system to do for them |
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Term
| A _____ is a series of actions directed towards a particular result. |
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Definition
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Term
| ___ processes include coordinating people and other resources to cary out project plans and create the products, servicecs or results of the project or phase. |
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Definition
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Term
| Which process group normally requires the most resources and time? |
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Definition
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Term
| What methology was developed in the UK, defines 45 separate subprocesses and organizes them into eight process groups? |
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Definition
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Term
Which of the following outputs is often completed before initiating a project?
A. stakeholder register
B. business case
C. project charter
D. kick-off meeting |
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Definition
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Term
| A work breakdown structure, project schedule, and cost estimates are outputs of the ___ process. |
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Definition
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Term
| Initiating involves developing a project charter, which is part of the _______ project management knowledge area. |
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Definition
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Term
| _____ involves measuring progress toward project toward project objectives and taking actions. |
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Definition
| monitoring and controlling |
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Term
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Definition
| strategic planning and management system that helps organizations align business activities to strategy, improve communications, and monitor performance against strategic goals |
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Term
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Definition
| the approved project management plan plus approved changes |
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Term
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Definition
| the rate used in discounting future cash flow, aka discount rate or opportunity cost of capital |
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Term
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Definition
| benefits minus cost or income minus expenses |
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Term
| change control board (CCB) |
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Definition
| a formal group of individuals responsible for approving or rejecting changes on a project |
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Term
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Definition
| a formal , documented process that describes when and how official project documents may be changed |
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Term
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Definition
| a process that ensures that the descriptions of a projects products are correct and complete |
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Term
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Definition
| return available by investing capital elsewhere |
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Term
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Definition
| new requirements imposed by management, government, or some external influence |
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Term
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Definition
| a multiplier for each year based on the discount rate and year |
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Term
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Definition
| the rate used in discounting future cash flow, aka capitalization rate or opportunity cost of capital |
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Term
| integrated change control |
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Definition
| identifying, evaluating, and managing changes throughout the project life cycle |
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Term
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Definition
| indentifying and managing the points of interaction between various elements of a project |
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Term
| internal rate of return (IRR) |
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Definition
| the discount rate that results in an NPV of zero for a project |
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Term
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Definition
| a technique that uses branches radiating from a core idea to structure thoughts and ideas |
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Term
| net present value (NPV) analysis |
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Definition
| method of calculating the expected net monetary gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time |
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Term
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Definition
| chances to improve an organization |
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Term
| opportunity cost of capital |
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Definition
| the rate used in discounting future cash flows; aka capitalization rate or discount rate |
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Term
| organizational process assets |
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Definition
| formal and informal plans, policies, procedures, guidelines, information systems, financial systems, financial systems, management systems, lessons learned, and historical information thaqt can influence a projects success |
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Term
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Definition
| the amount of time needed to recoup the total dollars invested in a project in terms of net cash inflows |
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Term
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Definition
| undesireable situations that prevent an organization from achieving its goals |
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Term
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Definition
| a document that formally recognizes the existence of a project and provides direction on the projects objectives and management |
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Term
| project integration management |
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Definition
| processes that coordinate all PM knowledge areas throug the project life cycle |
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Term
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Definition
| a document ised to coordinate all project planning documents and guide project execution and control |
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Term
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Definition
| minimum acceptable rate of return on an investment |
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Term
| return on investment (ROI) |
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Definition
| method for determining the finanical value of a project; (project costs - benefits)/costs |
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Term
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Definition
| determining long-term objectives by analyzing the strengths and weaknesses of an organization, studying opportunties and threats, predicting future trends, projecting need |
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Term
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Definition
| analyzing strenghts, weaknesses, opportunties, and threats |
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Term
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Definition
| technique that provides a systematic process for selecting projects base don numerous criteria |
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Term
Which of the following processes is not part of project integration management?
A. project business case
B. project charter
C. project management plan
D. closing project or phase |
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Definition
| D. closing the project or phase |
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Term
| What is the last step in the four-stage planning process for selecting IT projects? |
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Definition
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Term
A new government law requires an organization to report data in a new way. Which of the following categories awould include a new information system project to provide this data?
Problem, opportunity, directive, regulation |
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Definition
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Term
| If estimates for total discounted benefits for a project are $120,000 and total discounted costs are $100,000, what is the estimated ROI? |
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Definition
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Term
| A ____ is a document that formally recognizes the existence of a project and provides direction on the projects objectives and management? |
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Definition
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Term
| ___ ensures that the descriptions of the project's products are correct and complete? |
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Definition
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