In the beginning
the first phase of a project
What is Initiation?
there influence is the greatest at the start of a project
What is a stakeholder?
Pertinent
What is relevant?
the type of organization where a PM is likely to be found
What is a Matrix organization?
Ongoing cost for running a product, business, or system.
What is OPEX?
the document that formally authorizes the existence of a project.
What is a project charter?
Includes identifying stakeholders, planing stakeholder management, managing stakeholder engagement, and monitoring stakeholder engagement.
What is Stakeholder Management?
Clear-cut
What is specific?
A type of contract that pays a contractor an amount that is agreed upon at the start of the project
What is a fixed price?
money a company spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land.
What is CAPEX?
they oversee a specific project or projects within a company.
What is a project manager?
The process of scouting out who can positively or negatively affect a project
What is stakeholder identification?
Quantitative
What is Measurable?
where risks and issues are documented
What is an IRAAD?
A consultant is one who provides this type of advice
What is Expert?
Provide resources, secure budget, and facilitate change decisions.
What is a project sponsor?
What is a RACI chart?
feasable
What is Attainable?
the process used to implement approved change requests
What is Direct and Manage Project Execution
This phase immediately follows planning
What is execute?
A deliverable-oriented breakdown of the project scope that helps identify needed resources and budget.
What is a Work Breakdown Structure?
Individual who can help the project manager when dealing with difficult stakeholders
Who is the Project Sponsor?
slated
What is time-based?
Allows for checkpoints, evidence of progress, and improves accuracy
What are project phases?
Consists of the economic cost a business incurs through its operations to earn revenue.
What is Expense?