PRODUCT
What is a project?
A temporary effort with a beginning and an end that creates something unique.
What is a deliverable?
A specific product, service, or result created by a project.
What does SMART stand for?
300 Specific, Measurable, Attainable, Relevant, and Time-bound.
Who organizes and leads a project team?
The project manager.
What is the difference between a project and a product?
A project is the temporary work; a product is an outcome created by that work.
What is a deliverable?
A specific product, service, or result created by a project.
What happens during Planning?
The team develops the schedule, budget, scope, and plans for completing the work.
What is a product roadmap?
A plan showing the future direction and development of a product.
Which two phases happen at the same time?
Execution and Monitoring & Control.
During which phase are final approvals and project closeout completed?
Closure.
What is the main purpose of a business case?
To explain why a project should be approved and funded.
During which phase is a business case typically developed?
Initiation.
What does SWOT stand for?
Strengths, Weaknesses, Opportunities, and Threats.
Which SWOT category describes external risks or challenges?
Threats.
What is scope?
The work that must be completed to meet the project's objectives.
What is the smallest unit of work in this organizational hierarchy?
A project.
What is a program?
A group of related projects managed together.
What is a portfolio?
A collection of programs and projects aligned with organizational goals.
Name three common project constraints.
Scope, time, and budget.
What is a baseline budget?
The original approved budget used to compare actual spending against the plan.
How is a project charter different from a project management plan?
The charter authorizes the project; the management plan explains in detail how it will be carried out.
What is a scope statement?
A description of the work included and excluded from the project.
What is a milestone?
A major checkpoint that marks progress in a project.
What is an NDA?
A nondisclosure agreement, a legal agreement not to share specified confidential information.
The team adds an unrequested bonus feature to impress the client. What is this?
Gold plating.
What is a project budget?
An estimate or plan of the money needed to complete a project.
What is scope creep?
Uncontrolled growth or changes in project scope after work begins.
What is confidentiality?
Protecting private or privileged information from unauthorized disclosure.
What is a risk?
An uncertain event that may positively or negatively affect a project.
A project manager admits a mistake and fixes it. Which principle does this demonstrate?
Honesty and responsibility.