1.00 Structure of PM
A temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of indicates a definite beginning and end.
What is Project?
Defines each deliverable and further break down deliverables into smaller tasks
What is WBS?
The work to be executed by the project team to accomplish project objectives and create the required deliverables
What is Work Breakdown Structure?
A modification of a logical relationship that directs a delay in the successor activity
What is Lag?
A structured procurement technique that compares proposals from multiple suppliers to determine the best-value option based on cost, quality, and technical requirements
What is Vendor Bid Analysis?
Define the boundaries of the project and what is outside those boundaries.
What is Scope?
A formal approved document that defines how the project is executed, monitored, and controlled
What is Project Management Plan?
Elaborates the characteristics of the product, service, or result described in the project charter and requirements documentation
What is Project Scope Description?
Graphic display of schedule related information
What is Gantt Chart?
the connections, interactions, and causal links between past events, people, or data points, showing how one influences another over time.
The knowledge, skills values, and attitudes of those working on the project.
What is Human Resources?
Intentionally adding extra features or functions to the products which were not included in the scope statement
What is Gold Plating?
Process of monitoring the status of the project and product scope and managing changes to the scope baseline
What is Control Scope?
A significant point or event in a project
What is Milestone?
define the total and periodic financial resources needed to execute a project, derived from the cost baseline and management reserves
What is Project Funding Requirements?
Responsible for developing a definition of the project; ensures that the project is delivered on time, to budget and to the required quality standard.
What is Project Manager?
Request to expand or reduce the project scope, modify policies, processes, plans or procedures, modify costs or budgets, or revise schedules
What is Change Request
Process of formalizing acceptance of the completed project deliverables
What is Validate Scope?
A schedule network analysis technique that modifies the project schedule to account for limited resources
What is Critical Chain Method?
The practice of examining historical data to identify consistent patterns, such as upward, downward, or horizontal movements.
What is Trend Analysis?
People or organizations who are actively involved in the project or whose interest may be positively or negatively affected by the performance or completion of the project.
What is Stakeholders?
Documented directions for executing the project work to bring expected future performance of the project work in line with the project management plan
What is Corrective Action?
Used to generate and collect multiple ideas related to project and product requirements
What is Brainstorming?
an output of a schedule module that presents linked activities with planned dates, durations, milestones, and resources
What is Project Schedule?
An approved, time-phased budget used to measure, monitor, and control project cost performance.
What is Cost Performance Baseline?