A temporary endeavor undertaken to create a unique product, service, or result.
What is a project?
100
Forming, Storming, Norming, and Performing
What are the four phases of team development?
100
The parent company, the project and the client, the project team
What are the responsibilities of a project manager?
100
Scope, Cost, and Time
What are the three objectives of a project?
100
The length of time until the original investment has been recouped by the project.
What is Payback Period?
200
The things or persons outside of the project, and often outside the sponsoring organization, that affect the project or are affected by it.
What is the project environment?
200
Partnering, Chartering, and Change
What are the three situations requiring negotiation?
200
Credibility, Sensitivity, Leadership, Ethics, Ability to handle stress
What are attributes of effective project managers?
200
Every project is unique, every project is a one-time occurrence, and every project has a finite duration.
What are the three universal characteristics of a project?
200
The value of a stream of cash inflows andoutflows in today’s dollars.
What is Discounted Cash Flow?
300
Any activity that personnel do on a daily basis, over and over.
What is a non-project?
300
The exponential expansion of human knowledge, the growing demand for a broad range of complex and customized goods and services, and the evolution of worldwide competitive markets for the production and consumption of goods and services.
What are the three societal forces that developed project management over time?
300
Communication, Organizational, Team Building, Leadership, Coping, and Technological
What are the project management skill categories?
300
Degree of top management support, leadership skills of the top manager, orientation of the project team members
What are the three factors of project success?
300
The discount rate (k) that causes the NPV to be equal to zero.
What is Internal Rate of Return?
400
A project that has its scope, cost, or timeline assumed by one party of the environment.
What is a quasi-project?
400
Acquiring adequate resources, motivating personnel, making project goal trade-offs
What are types of negotiations?
400
The analytic method of focusing on breaking the components of a system into smaller and smaller elements.
What is the project manager's systems approach?
400
Muddy Waters, Mysterious Stakeholders, Unconstrained Constraints, Suspicious Status Reports, Discord and Drama
What are the telltale signs of a project's impending failure?
400
Net present value of future cash flows divided by initial cash investment.
What is the Profitability Index?
500
Continuous change or growth in a project's scope
What is scope creep?
500
Delays in one project delays others, inefficient use of resources, bottlenecks in resource availability
What are problems with multiple projects?
500
Intellectual, Managerial, and Emotional.
What are the project manager's areas of competence?
500
A statement of objectives in a project, goals, responsibilities, stakeholders, and the level of authority of the project manager.
What is a project charter?
500
A project, often suggested by the top management, that has taken on a life of its own.