Framework of Project Management
A temporary endeavor undertaken to create a unique product, service, or result
What is a Project?
Narrative description of products or services to be delivered by the project
What is a Statement of Work?
Project success is directly influenced by the careful capture and management of
What is Project Requirements?
Includes the activity identifier and a scope of work description for each activity in sufficient detail to ensure that project team members understand what work is required to be completed.
What is Activity List?
Determines the cost baseline against which the project performance can be monitored and controlled
What is Determine a Budget?
The discipline of planning, organizing, and managing resources
What is Project Management?
Documents the business needs, current understanding of the customer’s needs, and the new product, service, or result that it is intended to satisfy
What is Project Charter?
This process is IMPORTANT and CRITICAL to a project’s success.
What is Define Scope?
Identifies all milestones and indicates whether the milestone is mandatory, such as those required by contract, or optional, such as those based upon historical information.
What is a Milestone List?
Estimating costs and determining a budget are part of what process for any project
What is Planning?
The way that businesses and organizations purchase or obtain Resources.
What is Procurement?
A fixed schedule, which represents the standard that is used to measure the performance of the project
What are Baselines?
The work to be executed by the project team to accomplish project objectives and create the required deliverables.
What is a Work Breakdown Structure?
The logical relationship where initiation of work of the successor activity depends upon the completion of work of the predecessor activity. Most Common type of predecessor relationship
What is Finish to Start?
Defines the methods that will be used to prepare, configure, track, and control project costs.
What is Cost Management Plan?
Project management consists of five interrelated process stages. These stages are (in order):
What is initiating, planning, executing, monitoring and controlling, and closing?
A formal group of people responsible for approving or rejecting changes on a project
What is a Change Control Board?
Allows the scope baseline to be maintained throughout the project
What is Control Scope?
In the typical bar-chart, schedule activities or WBS components are listed down the left side of the chart, dates are shown across the top, and activity durations are shown as date-place horizontal bars.
What is a Gantt Chart?
Determines the amount of cost required to complete project work
What is Estimate Costs?
Persons 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 a Stakeholder?
A general report that provides an overview of the project is created to provide stakeholders with a summary of the project
What is Lessons Learned?
Process of formalizing acceptance of the completed project deliverables and increases the chance that the final product will be accepted.
What is Validate Scope?
When an activity cannot be estimated with a reasonable degree of confidence, the work within the activity is decomposed into more detail.
What is Bottom Up Estimating?
Contains cost baseline and cost management plan
What is Project Management Plan?