Project Facts
Physical assets that can be measured such as land, vehicles, equipment, furniture, cash.
What are tangible outcomes?
Authorization to start a project is obtained during this time
What is the initiating phase?
I am also known as a champion
Who is the project sponsor?
project team structures are categorized as these three
What is the functional, matrix, or projectized?
What is the approved project budget?
a temporary endeavor undertaken to create a unique product, service or result
What is a project?
This establishes the benefits of the project and acts as a basis for project authorization
What is the business case?
I support the project manager in coordinating activities, resources, equipment, and information
What is a project coordinator?
What is a functional team structure?
all costs specific to a project incurred from the initiating phase to the closing phase.
What is total project cost?
PMI stands for
What is Project Management Institute
Uncertain events that may have a positive or negative effect on the project's objectives
What is risk?
any individual, group, or organization with a vested interest in the success of a project
What is a Stakeholder?
Each employee usually reports to a functional manager
What is a matrix team structure?
This report includes budgeted expenses, actual expenses, and differences between those two values
What is a cost report?
nonphysical assets such as patents, trademarks, franchises, good will and copyrights
What is Intangible?
This is used to define the scope, monitored, controlled and verified.
What is scope management plan?
A group of individuals who work with the project manager to perform tasks to ensure the projects completion
What is a project team?
Each employee reports to the project manager
What is projectized team structure?
The budget deficit or surplus at any given point in time
What is cost variance?
These are the five phases of a project
provides project management governance
What is the Project management office?
Each employee reports to a functional manager or supervisor and some personnel are allocated to the project for project coordination
What is a balanced matrix?