Terms
When a person is given a long-term assignment such as a research report or an essay, for example, that person is being assigned
Project
Both internal and external environmental factors that surround or influence a project’s success
Enterprise Environmental Factors
•Increasingly businesses organize their work around projects.
Project Management
The way that businesses and organizations purchase or obtain goods or services
Procurement
The boundaries are typically defined in terms of objectives, deliverables, and resources (e.g., time, personnel, money).
Scope
Threat of a damage, liability, loss, or other negative occurrence that is caused by external or internal vulnerabilities
Risk
•Establishing a timeline for completion of the project, including deadlines, benchmarks, and milestones.
Time
•Two-way process of reaching mutual understanding in which participants not only exchange information, but also create and share meaning.
Communication
Amount of money that will be required to complete the project successfully
Cost
Knowledge, skills, values, and attitudes of those working on the project
Human Resources
•Ability of a process or product to satisfy both stated and implied needs, with those needs being defined by the stakeholders.
Quality
Name the 4 core Functions
Cost, Scope, Quality and Time
Name the 4 facilitating Factors
Risk, communication, procurement and human resources
What is the second step in the 5 process stages of project management.
Planning
What are the 5 process stages of project management
Initiating, planning, executing, monitoring & controlling and closing.